Veovaca – Maiden Mineral Resource Estimate
The Mineral Resource estimate for the Veovaca deposit.
Veovaca Project
- Veovaca was mined between 1983-1987 and produced saleable Zn, Pb and Barite (BaSO4) concentrate delivered into European smelters.
- Metallurgical test work program underway with Wardell Armstrong (UK).
- Development scenarios to recommence mining operations being evaluated.
- Existing pit serviced by sealed road that connects to a rail siding approx. 2.5km away.
- CSA Global determined a conceptual 0.55% Zn Eq1 economic cut off using comparable Balkan mining operations.
- As few historical drill holes were tested for precious metals, Adriatic has completed a further 17 holes at Veovaca to incorporate the precious metals, and released an updated Mineral Resource Estimate.
Veovaca Long Section
Adriatic has drilled over 30 holes at Veovaca to confirm historical drill hole data, as well as incorporate precious metals into an updated Mineral Resource Estimate due in Q3 2019.
Veovaca Project Expansion
Following Adriatic's successful expansion of its Concession boundaries in 2018, several new targets at Veovaca are being actively explored.