Adriatic Metals (ASX: ADT) has received new and encouraging assay results from the second hole of a planned 15,000 metre diamond core drilling campaign in the Rupice area of its 100% owned Vareš zinc-polymetallic project in Bosnia and Herzegovina.
The company has again reported “high grade and thick intercepts”, this time at BR-3-18 situated 30m north of the campaign’s first successful hole and current zone of mineralisation at BR-2-18.
Last month, BR-2-18 assays showed 64m at 4.6 grams per tonne gold, 537g/t silver, 0.9% copper, 7.7% lead, 10.8% zinc and 46% barium sulfate from 214m.
They included a 24m section from 248m at 6.4g/t gold, 754g/t silver, 1.6% copper, 14.7% lead, 20.2% zinc and 39% barium sulfate.
At the time, the company said the results were “a combination of the highest grade and thickest intercept to date”.
BR-3-18 looks to followed its predecessor’s lead, returning high-grade and thick 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.
The results included a 22m section from 244m at 4.1g/t gold, 258g/t silver, 0.8% copper, 7.5% lead, 12.8% zinc and 56% barium sulfate.
BR-3-18 was drilled in a south-westerly direction at -60˚ to test the down dip and down plunge extension of the high-grade mineralisation intersected at BR-2-18.
The intersection at BR-3-18 represents an 80m down dip extension from BR-5-17, drilled by Adriatic in 2017.
The company is currently drilling BR-5-18 which is collared a further 30m north of BR-3-18 and will test the northerly extensions of the Rupice North mineralisation where there has been no historical drilling.
Adriatic chief executive Geraint Harris said the results from BR-2-18 and BR-3-18 represent a significant drilling milestone for the company.
“This 15,000m drill program has been designed to test the most notable anomalies that span the one kilometre section of the Rupice licence between the Rupice North Zone and the JB Zone [near the historic Brestic-Jurasevac underground workings and exploration drives],” he said.
“We were very encouraged when our 2017 drilling identified heavily-mineralised and thick intercepts at Rupice North and we are pleased to report that our current program is advancing along the same lines.
“The early results have been quite spectacular, in terms of grade, thickness and extension, and highlight the project’s exceptional growth potential.”
Rupice is an advanced exploration project showing “exceptionally high grades” of base and precious metals.
It is located approximately 17 kilometres northwest of Adriatic’s Veovaca historic open cut zinc, lead, barite and silver mine which the company is looking to redevelop as a brownfields project.
In 2017, Adriatic completed an 8-hole, 1458m diamond drilling program at Rupice to confirm historical results and the presence of precious metals as well as base metals.