(Alliance News) - Adriatic Metals PLC on Thursday said that two drill holes have confirmed a "robust" extension to mineralisation at the Rupice base and precious metals deposit, part of the company's Vares project in Bosnia & Herzegovina.
The London and Australia-listed exploration company said drill holes BR-49-19 and BR-44-19 returned gold, silver, copper, lead, zinc and barite mineralisation, confirming an extension to mineralisation, which remains open along strike to the south towards the Jurasevac-Brestic prospect.
Further drilling in 2020, the company said, will target the western side of the interpreted fault to test for the continuation of the known mineralisation.
Paul Cronin, Adriatic's Managing Director & Chief Executive, said: "The latest drill results continue to extend the known mineralisation at Rupice and provide valuable information needed to continue to assess the structural controls inherent in this world class deposit. We have mobilised 4 rigs following the holiday break to continue to chase this mineralisation to the south and at Jurasevac-Brestic as well as commence exploration drilling at the Veovaca satellite prospects where soil sampling and historical drilling data warrants further drill testing."
Adriatic Metals shares were up 4.3% at 96.00 pence each in London on Thursday afternoon.
By Tapan Panchal; tapanpanchal@alliancenews.com
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Adriatic Metal. (ADT1)