Adriatic Metals PLC continues to intercept thick, high-grade massive sulphide mineralisation up-dip, down-dip and down-plunge from previously reported intersections. The current drilling campaign at Rupice Northwest ("Rupice NW") has achieved the objective of identifying a new body of significant mineralization to the northwest of the existing Rupice Mineral Resource ("RMR"). The drilling continues from 2022 into 2023 with the aim of fully defining the mineralisation and attempting to connect the Rupice NW mineralisation to the main body of Rupice mineralisation. The drilling will continue to a stage where an updated RMR can be released. The intercepts announced are assay results from nine exploration drill holes, all of which are targeting Rupice NW, additional to the twelve already reported from 2022. Seven holes remain to be reported on, out of a total of twenty-eight completed holes in 2022. Completion of Rupice and Rupice NW massive sulphide 3D modelling, coupled with relogging and assays from previously unsampled Rupice core has identified opportunities to expand the existing RMR up-dip, down-dip and to the southeast of the existing RMR. Extensive drill testing is planned across newly identified areas to further expand the RMR in 2023. Drillholes BR-14-22, BR-16-22, BR-21-22 and BR-22-22 are located 225m northwest of the RMR. They are respectively drilled up-dip of previously reported hole BR-08-22 (41.00m at 520.0 g/t AgEq) and BR-10-22 (4.30m at 682.0 g/t AgEq) intercepted: BR-14-22 - 45.90m at 701.0 g/t AgEq, 22.50% ZnEq (102.0 g/t Ag, 9.50% Zn, 5.90% Pb, 1.00 g/t Au, 0.60% Cu, 53.0% BaSO4, 0.10% Sb) from 216.10m. including 13.80m at 1,147.0 g/t AgEq, 36.90% ZnEq (186.0 g/t Ag, 16.20% Zn, 11.80% Pb, 1.40 g/t Au, 0.90% Cu, 50.0% BaSO4, 0.10% Sb) from 238.00m. BR-16-22 - 19.40m at 681.0 g/t AgEq, 21.90% ZnEq (297.00 g/t Ag, 3.80% Zn, 3.70% Pb, 1.50 g/t Au, 0.40% Cu, 48.0% BaSO4, 0.10% Sb) from 212.60m. including 10.50m at 1,132.0 g/t AgEq, 36.40% ZnEq (508.0 g/t Ag, 6.10% Zn, 6.50% Pb, 2.50 g/t Au, 0.60% Cu, 72.0% BaSO4, 0.20% Sb) from 216.60m. BR-21-22 - 11.00m at 417.0 g/t AgEq, 13.40% ZnEq (138.00 g/t Ag, 4.60% Zn, 2.30% Pb, 0.90 g/t Au, 0.40% Cu, 5.0% BaSO4, 0.10% Sb) from 213.00m. including 3.10m at 669.0 g/t AgEq, 21.50% ZnEq (326.00 g/t Ag, 5.50% Zn, 3.20% Pb, 1.30 g/t Au, 0.40% Cu, 11.00% BaSO4, 0.10% Sb) from 213.00m.
BR-22-22 - 1.90m at 378.0 g/t AgEq, 12.20% ZnEq (164.0 g/t Ag, 2.50% Zn, 1.30% Pb, 0.60 g/t Au, 0.10%
Cu, 37.0% BaSO4, 0.20% Sb) from 154.70m.