Rupice Project

The Rupice Project is an advanced exploration project which exhibits exceptionally high grades of base and precious metals and is located approximately 12km North West of the Veovaca Project. In 2017, the Company completed an 8 hole, 1,458 metre diamond drilling program at the Rupice Project, to confirm the historical results and the presence of precious metals with the base metals. More detail on the Rupice Project is outlined in the Independent Geologist’s Report. Since 2018 Adriatic has completed over 12,000m of exploration drilling, expanding the known area of mineralisation, and defined some of the highest grade poly-metallic intercepts globally. 

  • Near-surface sedimentary-style base metal deposit with very high grades of Au, Ag, Zn, Pb, BaSO4 and Cu.
  • Deposit lies approx. 12km NW of the Veovaca pit and historic processing facility.
  • Exploration adits were used to mine 15,000t of high-grade Zn-Pb material that was processed at Veovaca.
  • Of the 49 historic drill holes for 5,696m but only 35% were occasionally for Au and Ag – Adriatic 2017 drilling shows high correlation between Ag and Au & base metals.
  • In late 2018, Adriatic drilled hole BR-36-18 which returned 72m @ 2.5g/t Au, 211 g/t Ag, 2.5% Cu, 10.7% Pb, Zn 18.3% and 25% BaSO4, making it the highest grade and thickest intercept to date.

High Grade Mineralisation continues North and South

Most northerly hole BR-17-19 returns best intersection in the Rupice North licence extension area.

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Significant Intercepts to Date

Rupice is delivering exceptional grade and thickness.

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High Grade Mineralisation continues North at Rupice

Drilling to the north in the extended Rupice Licence area continues to intersect mineralisation which remains open down-plunge to the north.

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Exploration

The Rupice prospect is located 12 km to the northwest of Veovaca on the western slope of Kiprovac Ridge. Other known prospects include Jurasevac-Brestic and prospects in the Borovica corridor (Kraljeva Jama, Siroki Radakovac, Ceo Sutjeska and Zakruzje).

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Rupice Plan View

High grade orebody (bright orange) subcrops in several areas and is plunging/open to the N/NE.

Mineralisation extensions (shaded orange) outside the high grade zone with a NE dipping orebody.

IP chargeability also indicates possible extension to the west and southeast which will be drill tested in 2018.

Clear relationship between base metal and precious metal grades suggest potential to add Au and Ag to a future JORC Resource.

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Rupice Area - IP Chargeability Anomalies

Numerous IP anomalies indicate these projects form part of a broader polymetallic district, with immediate targets in the Rupice and Borovica Corridor.

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Rupice Long Section

High grade mineralization extends from surface and dips to the NNE, and plunges to the N. The average thickness is approximately 22m, but increases down dip. Adriatic are currently drilling down plunge into their recently acquired extended concession area.

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