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(Alliance News) - Adriatic Metals PLC on Wednesday gave an update on its Rupice northwest exploration which is part of the company's Vares silver project.
Adriatic Metals is a precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia.
The company said it found 2.6 grams of gold per tonne, 409 grams of silver per tonne, about 12% zinc, 8.9% lead, 1.2% copper, 9% barium sulfate and 0.2% antimony in hole BR-30-23.
Managing Director Paul Cronin said: "Additional exploration drilling, new geology, more tonnes at higher grades to the west of the current Rupice Northwest resource are adding significantly to the growth of Rupice. Faulting and folding have thickened and bent mineralization to vertical, with silver-gold-copper grades increasing in proximity to the deformation. Drilling will continue to define the western extent of RNW for a further resource update at the end of 2023."
Adriatic Metals rose 2.9% to 192.00 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News reporter
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