If it wasn’t Adriatic Metals, a 46m long drill intersection boasting at least 4 different high-grade minerals would ordinarily have the West Perth investment glitterati spitting their coffee across the table at Black Toms.
But such is the quality of the results of Adriatic’s ongoing drill campaign that the bar has been set very high indeed for this rapidly advancing $54m market cap ASX listed exploration company.
That’s not to say the latest result is not extraordinary – it is - it’s just that almost all of Adriatic’s drill intersections in Bosnia are extraordinary and it is a little too easy to become numb to them, they are however impossible to ignore.
This week Adriatic reported another magnificent intersection at its Rupice prospect, saying that it has interpreted the new result as southwards plunging mineralisation into an area with no previous drill targeting.
The impressive intercept of 46 metres grading 12.7% zinc, 9.6% lead, 4.1g/t gold, 309g/t silver, 1% copper and 40% barite from 218m down-hole, included a much higher grade section of 22m @ 22.6% zinc, 16% lead, 5.6g/t gold, 286g/t silver, 1.4% copper and 37% barite from 230m.
According to the company, additional holes being completed in proximity to this new intersection also suggest possible southeast extensions to the delineated mineralisation, opening up further drill targets there.
Adriatic Chief Executive Officer Geraint Harris said: “BR-25-18 is an exciting hole because it has potential for extending the plunge mineralisation back to the south and into an area where there was no previous drilling.”
“In addition to the northern plunge, this will be a second focus area for Adriatic to expand the known areas of mineralisation at Rupice.”
The high grade mineralisation drilled in the recent hole was located deeper than had been anticipated, suggesting that the plunge of the ore system changes direction from north to south according to company management.
In the southern part of the Rupice ore body, Adriatic also reported a 6 metre intersection from 44m down-hole, going 1.5% zinc, 1.2% lead, 0.5g/t gold, 63g/t silver, 0.2% copper and 29% barite located near surface and up-dip from previous drilling, extending the mineralisation.
The company has 4 drill rigs running around the clock in Bosnia now as it hurtles headlong towards what could be one of the most anticipated resource estimates of the year.
By Matt Birney
