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Adriatic Metals PLC has released assay results from exploration drilling at Rupice Northwest

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Adriatic Metals PLC has released its latest assay results from exploration drilling at Rupice Northwest, which confirm the extension of mineralisation along strike of the Rupice mineral resource (RMR) at the company’s flagship Vares Silver project in Bosnia & Herzegovina.

The assay results from nine drill holes confirm the widths and grades intercepted at Rupice Northwest are equivalent to those held within the existing high-grade RMR; continuity between approximately 80 m spaced sections has been established over a strike extent of 250 m.

Drillhole highlights:

Drillholes BR-04-22 and BR-05-22 are located 155 m northwest of RMR. They are respectively drilled up-dip and down-dip of previously reported hole BR-12-21 (24.7 m at 514g/t AgEq), intercept:

  •  BR-04-22 – 32.5 m at 657 g/t AgEq, 21.1% ZnEq (78g/t Ag, 10.1% Zn, 4.7% Pb, 0.8g/t Au, 0.3% Cu, 69% BaSO4, 0.1% Sb) from 285.5 m.
    • Including 2 m at 1,331 g/t AgEq, 42.8% ZnEq (170g/t Ag, 19.7% Zn, 18.5% Pb, 0.5g/t Au, 1.2% Cu, 40% BaSO4, 0.2% Sb) from 315.0 m.
  • BR-05-22 – 4.1 m at 197 g/t AgEq, 6.3% ZnEq (51g/t Ag, 1.8% Zn, 1.9% Pb, 0.2 g/t Au, 0.1% Cu, 4% BaSO4, 0.4% Sb) from 214.1 m.

Drillholes BR-06-22 and BR-07-22, located 175 m northwest of RMR and drilled up-dip of the currently reported hole BR-04-22 (32.5 m at 657 g/t AgEq), intercepted:

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  • BR-06-22 – 18 m at 968 g/t AgEq, 31.1% ZnEq (242 g/t Ag, 12.3% Zn, 8.4% Pb, 1.4 g/t Au, 0.6% Cu, 42% BaSO4, 0.1% Sb) from 245.2 m.
    • including 3.8 m at 1,848 g/t AgEq, 59.4% ZnEq (763 g/t Ag, 16.3% Zn, 15.2% Pb, 3.6g/t Au, 0.6% Cu, 31% BaSO4, 0.1% Sb) from 245.2 m.
    • Including 6.2 m at 1,174 g/t AgEq, 37.7% ZnEq (169 g/t Ag, 19% Zn, 11.1% Pb, 1.2 g/t Au, 1.0% Cu, 42% BaSO4, 0.1% Sb) from 254.0 m.
  • BR-06-22 – 2.3 m at 514 g/t AgEq, 16.5% ZnEq (139 g/t Ag, 2.4% Zn, 2.8% Pb, 1.3 g/t Au, 0.5% Cu, 3% BaSO4, 1.1% Sb) from 148.3 m.

Drilling of Rupice Northwest will continue to the end of 2022 with the objective of generating a maiden inferred resource estimate for Rupice Northwest in 1Q23.

Paul Cronin, Adriatic’s Managing Director and CEO, commented:

“The highly successful drilling campaign at Rupice Northwest further underpins Adriatic’s strategy to increase the life of mine of Rupice to at least twenty years. The most encouraging aspect of the drilling results has been the consistency of not only the depths and widths of Rupice Northwest, but also the grades which are consistent with the reserve defined in the main Rupice orebody, Global Mining Review reports.

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