Adriatic Metals has expanded its exploration plans in Raska zinc, lead and silver project located in Serbia. The company aims to delineate near-surface resources amenable to low cost, open-pit mining.
According to the company’s update, the exploration programme will primarily focus on the Kizevak and Sastavci prospects but the company will also aims to identify new areas of base and precious metal mineralisation from brownfield targets across the wider licence area.
The company stated that they will also deploy the third diamond drill rig to the project within the next month. Drilling works will initially target the Karadak and Rudnica epithermal vein prospects and will start with a 2,200-metre programme designed to test the Karadak prospect, a near-surface vein-type prospect with a historical, non-compliant mineral resource. 1,500-meter program was also planned to follow up the polymetallic vein intercepts at Rudnica, which is a copper-gold prospect cross-cut by later base and precious metal epithermal veins.
Adriatic’s Managing Director and CEO, Paul Cronin commented about the recent exploration programme: “Adriatic will continue to systematically explore around the Kizevak and Sastavci prospects, with the aim to generating a sizeable resource to support a significant open-pit mining operation. Based on the results to date a maiden resource and scoping study at Raska will be delivered in the 2nd half of the year, once the DFS, ESIA and the project financing workstreams at Vares have been completed and construction is underway.”
Adriatic Metals has acquired Tethyan Resource in 2020, to advance the former Kizevak and Sastavci polymetallic mines in the Raska District in Serbia.
