ADT 2.70% $2.66 adriatic metals plc

Ann: High Grade Mineralisation Extends North and South at Rupice, page-5

  1. 9,044 Posts.
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    Alright not holes of the year but important holes nonetheless. We have extended mineralisation to the North 50-60m and the holes to the south aren't terrible either.

    I am going to transcribe the holes in AuEq rather than Zinc as I feel that is more understandable to most.

    BR-37-18 is 8m at 6.11g/t + 12m at 14.31g/t

    BR-38-18 and BR-39-18 are fairly insignifanct

    BR-02 and BR-03 extended mineralisation approximately 30m south and 80m downdip opening up our envelope further

    BR-01 and BR-04 pushed us north as I said by about 60m. Will group holes together

    BR-02-19 is 6m at 7.75g/t + 12m at 9.96g/t
    BR-03-19 is 8m at 8.59g/t + 12m at 10.20g/t

    This shows us along with BR-37-18 that we have two lenses to the south with the upper being 6-8m thick and the lower fairly consistent at 12 with average grades around 10g/t AuEq.

    BR-01-19 is 8m at 1.98g/t and 16m at 19.91g/t

    The upper halo to the north is low grade and seems to have disappeared entirely by hole 4.

    BR-04-19 is 30m at 17.33g/t

    This shows continuity to the North with hole 1 being a smaller hit before mineralisation widens again by hole 4.

    This shows a solid seam that can be followed down and the grades are still very good and a 30m intersection is by no way small. We are still talking 500gm in AuEq.

    With heat having come out of the share price I think ADT is showing reasonable value again.
 
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