Adriatic Resources PLC is continuing to drill at Rupice Northwest in Bosnia & Herzegovina, following a successful campaign in 2022.
In 2023, 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 gap hole are still pending.
Rupice NW and gap drilling will continue until an updated 2023 Rupice resource, inclusive of Rupice NW, can be released.
Exploration in 2023 will also focus on drill testing multiple regional targets around Adriatic’s flagship Vares project, including Droskovac, Rupice West, Semizova Ponikva and Vares East.
A total of 23,700 metres (m) 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.
Among the highlights of the recent drillholes were intecepts of 8.4m at 166.8 grams per tonne (g/t) silver equivalent, 43.2m at 671.6 g/t silver equivalent, and 34.5m at 987.5 g/t silver equivalent.
"These latest high-grade assay results confirm that 2022 was a highly successful year for exploration at our Vares project,” said Paul Cronin, Adriatic's chief executive.
“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 a total 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.”