EXPLORATION & DEVELOPMENT

Adriatic shores up southern side of Rupice

Intercepts coincided with a 5% rise in the company's stock price.

Adriatic Metals has intercepted mineralisation that extends its resource to the south

Adriatic Metals has intercepted mineralisation that extends its resource to the south

Highlights include drill hole BR-49-19 which intersected 11.3m of 4.37g/t gold, 406g/t silver, 16.1% zinc, 9.8% lead, 1% copper and 50% barium sulphate from a depth of 244.7m.

About 95m away, drill hole BR-44-19 returned results of 6m at 1.34g/t gold, 223g/t silver, 2.1% zinc, 2.4% lead, 0.3% copper and 41% barium sulphate from 298m.

Adriatic CEO Paul Cronin said the company had mobilised four rigs following the holiday break "to continue to chase this mineralisation to the south" as well as drilling at the Jurasevac-Brestic and Veovača prospects, "where soil sampling and historical drilling data warrants further drill testing".

"A great start to 2020," said Cronin

Adriatic listed on the LSE in December. The company also hired former Avesoro CFO Geoff Eyre in January.

Adriatic Metals (LSE: ADT1) shares were up 5% on Thursday, at 96.78p. The company's stock was worth 88.5p when it first listed in London in December. Its market capitalisation is £163.59 million.

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