A fifth hole drilled at the Rupice North zone within Adriatic Metals’ (ASX: ADT) wholly-owned Vareš zinc-polymetallic project in Bosnia and Herzegovina has intercepted further high-grade thick mineralisation, echoing results from the earlier holes drilled in the same region.
Drill hole BR-5-18 is part of the company’s planned 15,000 metre diamond core campaign at Rupice North and is located approximately 40m north of the high-grade BR-3-18, which last month returned intercepts showing 36m at 4.4 grams per tonne gold, 463g/t silver, 0.5% copper, 4.3% lead, 5.7% zinc and 55% barium sulfate from 196m.
BR-5-18 appears to have continued that trend, returning 66m at 2.1g/t gold, 158g/t silver, 2.3% copper, 8.6% lead, 12.8% zinc and 37% barium sulfate from 210m.
The hole was drilled in a south-westerly direction at -70 degrees to test the down-dip and down-plunge extension of mineralisation encountered at BR-3-18, as well as results from the historic BR-79-89 hole, which intersected 14m of 16.5% combined lead and zinc and 30% barium sulfate.
Consistent geology and thickness
Mineralisation at BR-5-18 is believed to be predominantly strata-bound, occurring within a brecciated zone similar to holes BR-3-18 and the BR-2-18 hole, also drilled this year.
Like these holes, BR-5-18 has been reported as visually-distinct from the host rock and consisting of galena, sphalerite, chalcopyrite and barite.
Adriatic Metals chief executive officer Geraint Harris said the latest results confirm the continuity and thickness of Rupice mineralisation and highlights the prospect’s “exceptional growth potential”.
“BR-5-18 represents another significant extension to the north and down-dip at Rupice North [and] demonstrates a remarkably consistent geology, thickness and high-grade assemblage akin to other holes we have drilled in the area,” he said.
“Our drill program is increasing in intensity based on the recent spectacular results and we will expand our drill testing in several directions where [the prospective mineralisation] remains open.”
Shares in Adriatic Metals were up 2% to $0.525 in afternoon trade.