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Adriatic Metals shares surge after high-grade hits at zinc polymetallic project

The company’s shares are trading about 13% higher intra-day, at 47 cents.

Rupice Prospect
Rupice Prospect

Adriatic Metals PLC (ASX:ADT) has received thick, high-grade results from drilling at its zinc polymetallic Vareš Project in Bosnia and Herzegovina.

The project comprises a historical open-cut mine at Veovaca in addition to Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals.

Significant new intersects drilled north of the current zone of mineralisation at Rupice includes:

• 36 metres at 4.4 g/t gold, 463 g/t silver, 0.5% copper, 4.3% lead, 5.7% zinc, 55% barite from 196 metres; and

• 22 metres at 4.1 g/t gold, 258 g/t silver, 0.8% copper, 7.5% lead, 12.8% zinc, 56% barite from 244 metres.

The drilling has extended the high-grade northern zone at Rupice and highlights the exceptional growth potential as the mineralisation remains open.

Mineralised zone remains open in several directions

Adriatic chief executive officer Geraint Harris said: “As we continue to step out our drilling, we significantly expand our knowledge of this very exciting thick and highly mineralised zone, which remains wide open in several directions.

“Our current drill program is advancing well, and the early results have been quite spectacular, both in terms of grade, thickness and extension.

“We continue to drill, both at the Rupice North Zone and the JB Zone, and look forward to updating our shareholders on further results in due course”.

Quick facts: Adriatic Metals PLC

Price: 1.85 AUD

ASX:ADT
Market: ASX
Market Cap: $691.78 m
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