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Adriatic Metals PLC - operator of Vares silver project in Bosnia & Herzegovina - Exceeds exploration objectives at the Rupice Northwest mineral deposit in the Vares project. Reconfirms Rupice Northwest lower zone as a copper and gold rich body. Notes mineralisation extension achieved to the west and south-west towards Rupice. Says infill drilling in the second quarter of 2023 showed continuity in high grades and mineralisation thickness between previously drilled holes, de-risking Rupice Northwest to an indicated resource level of confidence. Says advancement of regional exploration programme continues, having started the drilling of a fourth diamond drill rig at Rupice West this month. Adds drilling results will be included in an updated mineral resource estimate for Rupice in July.
Current stock price: 149.77 pence, up 2.3% on Thursday
12-month change: up 24%
By Sabrina Penty, Alliance News reporter
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