Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has moved closer to making its maiden resource estimate for the Rupice Northwest (RNW) deposit at the Vares silver project in Bosnia & Herzegovina, as it today received the final batch of assays that will be included in the upcoming report.
The company, in a detailed statement, highlighted a continuation of previously reported high-grade zones in the drill results in the RNW Lower Zone, whilst in-fill drilling of the RNW Main Zone similarly returned assays that are consistent with earlier results in the programme.
Whilst investors rightfully look forward to the upcoming resource estimate, the company noted that exploration drilling is ongoing at the Rupice and RNW deposits.
Further exploration will also in the coming months seek to test prospective new regional targets at Semizova Ponikva and Droskovac, with the latter (a historic mining area) described by chief executive Paul Cronin as having “high potential to be a new resource development project”.
Commenting on today’s drill results, meanwhile, Cronin commented: “The final assays continued to extend and confirm the robustness of the RNW mineralisation high grades, as well as the continuity of grade and the spatial distribution of metal.
“The western extent of RNW is an exciting area of new development opportunity. Exploration drilling is unabated, chasing and closing-off the western and southwestern Cu-Au rich areas.
“At Rupice West exploration drilling commenced where the intersection of a zinc rich near surface gossan validated surface geochemical and ground gravity anomalism. Assay results are still to be received and further holes are being drilled to repeat the initial intersection.”