Veovaca is a historic open cut zinc/lead/barite and silver mine, and Rupice is an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals. The Company has also assessed numerous nearby projects which have had varying levels of historical exploration activity as targets for future exploration and drilling.
Adriatic’s short-term aim is to expand the current JORC resource of 4.4Mt at 4.8% ZnEq at Veovaca and to complete an in-fill drilling program at the high-grade Rupice deposit. Recent confirmatory drilling at Rupice delivered results of up to 64m @ 28.9% ZnEq (8.5% Zn, 5.1% Pb, 374g/t Ag, 2.3g/t Au, 1% Cu & 43% BaSO4), including 14m @ 52.18% ZnEq, confirming its potential to become one of the highest grade polymetallic deposits globally.
Adriatic’s strategy is to leverage its advanced exploration assets, low cost operating environment in Bosnia and experienced team to deliver a scoping study for a potential combined operation.
