Base metals: It looks like there’s more high-grade zinc on the menu for Adriatic Metals
High-grade zinc seems to be the hot find of the week, with another junior explorer uncovering more of the stuff in Bosnia & Herzegovina.
Adriatic Metals (ASX:ADT) told investors today that it had extended the high-grade mineralisation north and south at its Rupice project with hits of up to 21.3 per cent zinc.
Anything over 12 per cent is considered high-grade.
The news comes a day after Peel Mining (ASX:PEX) and Todd River Resources (ASX:TRT) reported some very high-grade zinc hits at their respective projects in New South Wales and the Northern Territory.
Along with high-grade zinc, Adriatic also reported hits of up to 14.8 per cent lead and 337 grams per tonne (g/t) silver.
Anything over 10 per cent lead and 50g/t silver is considered high-grade.
Drilling is continuing to the north and the south.
“The drilling has extended mineralisation some 45m from BR-17-18, our most northern hole of the 2018 drill campaign, and drilling continues in the northern plunge zone some 65m into the new concession area,” executive director Paul Cronin said.
“At Rupice South our drilling continues to return high-grade intersections that extend our mineralisation a further 45m into areas previously untested.”
Adriatic’s Veovaca and Rupice projects are located near the town of Vares, 50km north of the Bosnian capital Sarajevo.
Bosnia & Herzegovina has seen little investment in mineral exploration since the end of the civil war in the early 1990s and the signing of the Dayton peace agreement.
Adriatic’s goal is to deliver a maiden resource for the Rupice project in the first half of this year.
Artemis Resources (ASX:ARV) has released a small indicated nickel and copper resource of 152,000 tonnes at 0.63 per cent nickel and 0.47 per cent copper for its Ruth Well project in the West Pilbara region of WA.
Mineral resources are categorised in order of increasing geological confidence as inferred, indicated or measured. This gives the company contained resources of about 965 tonnes of nickel and 713 tonnes of copper for the Ruth Well project.
Heron Resources (ASX:HRR) has pinpointed a number of new “high-potential” drill targets next to its Woodlawn zinc and copper project in New South Wales. “Our exploration team is focusing on the area around the Woodlawn mine with the specific aim of discovering a new Woodlawn-style deposit,” managing director Wayne Taylor said.
The targets were identified by a large area induced polarisation survey and will be drill tested in the coming weeks.
Helix Resources’ (ASX:HLX) partner JOGMEC has committed to spending US$800,000 on a six-month, stage two drilling program at the company’s Samuel copper project in Chile.
Intrepid Mines (ASX:IAU) has acquired an over 90 per cent stake in AIC Resources (ASX:A1C) and is moving to compulsory acquisition of the remaining shares.