Adrian makes new discoveries

Drilling on the Petaquilla concession in Panama is turning up some new discoveries for Adrian Resources (TSE).

In the Nada area, the company is outlining a semi-massive

sulphide zone with values of up to 1.26% copper and 0.23 oz.

silver per ton over 285.4 ft. in hole 192, and 95.1 ft. grading 0.85% copper and 0.11 oz. silver in hole 194.

Further drilling is planned on the zone, which extends for a minimum strike length of 200 ft., thickens to the north and

remains open to expansion.

Recent drilling also followed up the Faldalito discovery with stepouts from discovery hole 149 (0.8% copper over 54.1 ft.). The best of the stepout holes returning 152.6 ft. grading 0.78%

copper, plus 0.009 oz. gold and 0.07 oz. silver per ton.

Follow-up work on the Botija-Abajo West discovery is encountering difficult drilling conditions within a blocky structural zone.

Previous work returned a 73.8-ft. intersection in hole 177

grading 0.91% copper, before being lost due to drilling problems.

Stepout hole 193 returned several mineralized intervals,

including 24.6 ft. grading 0.85% copper, 24.6 ft. grading 0.57% copper and 19.7 ft. grading 0.67% copper, before stopping at 479 ft. within an 11.5-ft. intersection grading 0.67% copper (plus associated gold, silver and molybdenum).

Further drilling is planned in the area.

In the meantime, feasibility work is continuing on the Petaquilla and Botija deposits under the direction of Teck (TSE).

The major can earn half of Adrian’s 52% interest in the

Petaquilla concession by conducting a bankable feasibility study.

The remaining 48% is owned by Inmet Mining (TSE), which recently changed its name from Metall Mining.

At last report, minable reserves in the Petaquilla and Botija deposits were estimated at 874 million tons grading 0.52% copper and 0.014% moly, plus 0.0032 oz. gold and 0.037 oz. silver per ton.