Adriatic lands more silver success at Euro project
RUPICE NORTHWEST INFILL DRILLING CONFIRMS CONTINUITY & HIGH GRADES
https://www.investi.com.au/api…ents/adt/a179f299-97d.pdf
Exploration drilling at Rupice Northwest(“Rupice NW”)in 2022 was successful with the trend of thick, high-grade massive sulphide mineralisation continuing.
•In 2023 Rupice NW drilling continues to infill mineralisation to an Indicated resource level of confidence and to close-out mineralisation currently open up-dip and down-dip on every section.
•In February 2023 the ‘Gap’,separating Rupice and Rupice NW, was drilled, with the first hole intersecting massive sulphide mineralisation and an extensive mineralised footwall zone. Assay results from the first Gaphole are still pending.
•Rupice NW and Gap drilling will continue until an updated 2023 Rupice Mineral Resource (“RMR”),inclusive of Rupice NW,can be released.
•Exploration in 2023 will also focus on drill testing multiple Vares regional targets, including Droskovac, Rupice West, Semizova Ponikva and Vares East.
•A total of 23,700m of diamond drilling from 86 holes, using four drill rigs,is planned for Rupice NW and regional targets in 2023, together with geophysical surveys, surface sampling and detailed mapping
[Blockierte Grafik: https://pbs.twimg.com/media/Fp7HyzXWAAApA5A?format=jpg&name=medium]
Paul Cronin, Adriatic’s Managing Director and CEO, commented:“These latest high-grade assay results confirm that 2022 was a highly successful year for exploration at our Vares Project. Rupice NW is delivering outstanding results that will continue to grow the Rupice mineralisation inventory and life of mine. Today’s new exploration results validate the continuity, grade and thickness of Rupice NW,with the added bonus of multiple expanding mineralised horizons. In 2023 the enlarged exploration team will focus on closing-off mineralisation at Rupice and Rupice NW, with atotal of 23,700m of drilling planned from four diamond drill rigs. New geological and mineralisation models have provided powerful tools in visualising new opportunities and a detailed roadmap of drilling targets. I am delighted that the mineralisation gap between Rupice and Rupice NW has now decreased to just 50m with the recent completion of the first hole into this area. We are looking ahead to future where Vares is the hub for multiple Adriatic mines. In 2023, we will drill test the Droskovac, Semizova Ponikva and Rupice West prospects and commence systematic grassroots exploration of Vares East. With the quality of targets available, a dynamic exploration team and already being in a region of exceptional mineralisation endowment, Adriatic is well placed to supplement Rupice production with new regional ore sources