Rathdowney's drilling intersects high grades at Project Olza

Including 27.3 m of 7.2% Zn+Pb in hole 147, 5.3 m of 9.2% Zn+Pb in hole 189 and 2.2 m of 36.1% Zn+Pb in hole 194

VANCOUVER, Nov. 20, 2012 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) announces the results for twenty-four holes from the Company's ongoing drilling program in Poland. These new holes further demonstrate the strength and persistence of the zinc-lead mineralization at Project Olza.

The current results are for holes OLZ-147, OLZ-159 and OLZ-179 to OLZ-200, located at drill centres in the northern, central and southern parts of the mineralized corridor at Project Olza, as shown on the plan map posted on the Rathdowney website at http://rathdowneyresources.com/i/rdr/pdf/RTH_NR_DDH_Nov2012.pdf].  A table of assays results for the new holes is appended to this release.  Highlights are tabulated below:

Drill Hole
Number
  From
(m)
To
(m)
Intercept
(m)
Zn+Pb
(%)
Zn
(%)
Pb
(%)
Ag
(g/t)
 OLZ-147    134.40  161.70  27.30  7.19  3.31  3.88  16.4
 OLZ-159    96.15  110.60  14.45  5.97  5.82  0.15  32.4
 OLZ-182    164.60  168.00  3.40  9.07  8.50  0.57  1.5
 OLZ-183    77.50  82.20  4.70  7.93  3.53  4.40  6.8
 OLZ-189    94.10  99.40  5.30  9.22  9.04  0.18  7.4
 OLZ-193    73.20  74.45  1.25  11.30  10.67  0.63  1.2
 OLZ-194    86.85  89.00  2.15  36.13  8.96  27.17  17.2
 OLZ-195    69.50  72.17  2.67  15.86  14.77  1.09  5.2
 OLZ-196    157.10  161.00  3.90  7.68  5.55  2.12  17.1
 OLZ-197    144.15  149.15  5.00  8.97  6.88  2.09  7.0
 OLZ-197 and  152.15  159.40  7.25  7.61  7.19  0.42  7.4
 OLZ-198    158.65  160.85  2.20  19.15  16.15  3.01  23.9
 OLZ-199    156.50  161.15  4.65  6.12  4.83  1.29  12.9
All diamond core holes, drilled vertically through the sub-horizontal mineralized horizon, so intersections represent approximate true widths.  


In September 2012, Rathdowney announced an estimate of significant zinc-lead mineral resources in a Mississippi Valley Type (MVT) deposit at its Project Olza. At a 2.0% cutoff, the inferred mineral resources are 21.2 Mt of 7.42% Zn+Pb1.

Rathdowney President and CEO John Barry said: "The quality and continuity of the MVT zinc-lead mineralization at Project Olza continues to be demonstrated by our drilling program.  These new holes tested the deposit both within and outside of the recent resource-areas, showing its robustness and the excellent potential to build additional resources."

Project Olza is situated in Poland's prolific Upper Silesian mining district.  Because of the district's long mining history, extensive infrastructure is readily available to new projects, including power and smelter facilities.  Rathdowney's ground is linked by rail to these facilities.  Given its geological potential and excellent location, Rathdowney's Project Olza presents a compelling investment opportunity among a small peer-group of zinc-focused juniors.

1 Individual grades are 5.88% zinc and 1.54% lead.  For further details see Rathdowney News Release dated September 11, 2012 or the Company's technical report on the resource estimate that is filed at www.sedar.com.

About Rathdowney

Rathdowney Resources Ltd. is a mineral exploration company focused on finding and developing the next generation of zinc-lead-silver deposits in the ore fields of Europe. The Company's Project Olza is a Mississippi Valley Type (MVT) zinc-lead prospect situated in Poland's prolific Upper Silesian mining district which has been a centre of exploration and mining activity since 12th century. Rathdowney is associated with Hunter Dickinson Inc. ("HDI") a diversified, global mine development company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.

The technical information in this release has been reviewed by Mark Rebagliati, P.Eng, a Qualified Person as defined by NI 43-101.

John Barry
President & CEO

Sample preparation and analysis for Project Olza is done at ISO 17025:2005 accredited Omac Laboratories Ltd. (ALS Laboratory Group) in Loughrea, Ireland.  All samples are assayed for zinc, lead and silver by HNO3, KClO4 and HBr and the final solution in dilute Aqua Regia is determined by Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP‐OES) finish. These three elements and 42 additional elements are also determined for all samples by 4 acid digestion, followed by ICP‐OES finish. As part of a comprehensive QA/QC program, one standard and one replicate are inserted into the sample stream in each group of 20 samples, as well as one or more blanks in each analytical batch.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues or liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

Information Concerning Estimates of Inferred Resources

This news release uses the term "inferred resource". Rathdowney advises investors that although this term is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize it. Investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into reserves.  Inferred resources have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

Table of Assay Results

 Drill Hole
Number
   From
(m)
To
(m)
Intercept
(m)
Zn+Pb
(%)
Zn
(%)
Pb
(%)
Ag
(g/t)
 OLZ-147    133.30 180.60 47.30 5.74 2.28 3.46 11.6
 OLZ-147  incl 134.40 161.70 27.30 7.19 3.88 3.31 16.4
 OLZ-159    96.15 110.60 14.45 5.97 0.15 5.82 32.4
 OLZ-180    86.00 97.40 11.40 6.16 4.64 1.52 7.3
 OLZ-182    164.60 168.00 3.40 9.07 8.50 0.57 1.5
 OLZ-183    77.50 82.20 4.70 7.93 3.53 4.40 6.8
 OLZ-183    95.60 96.60 1.00 8.25 8.23 0.02 7.5
 OLZ-185    134.00 138.25 4.25 4.09 0.82 3.28 17.6
 OLZ-186    104.00 114.50 10.50 3.12 2.98 0.14 3.9
 OLZ-187    121.20 127.00 5.80 4.23 3.48 0.74 18.1
 OLZ-188    57.05 60.70 3.65 1.23 0.55 0.68 1.1
 OLZ-188    77.50 79.00 1.50 8.61 2.94 5.67 19.8
 OLZ-189    77.80 80.10 2.30 1.41 1.36 0.05 1.8
 OLZ-189    94.10 99.40 5.30 9.22 9.04 0.18 7.4
 OLZ-190    95.40 100.50 5.10 5.21 4.66 0.55 7.7
 OLZ-191    79.80 82.90 3.10 1.50 1.47 0.04 1.5
 OLZ-192    210.10 215.00 4.90 4.39 3.67 0.71 3.5
 OLZ-193    73.20 74.45 1.25 11.30 10.67 0.63 1.2
 OLZ-194    86.85 89.00 2.15 36.13 8.96 27.17 17.2
 OLZ-195    69.50 72.17 2.67 15.86 14.77 1.09 5.2
 OLZ-196    144.65 153.65 9.00 4.91 4.36 0.55 3.2
 OLZ-196    157.10 161.00 3.90 7.68 5.55 2.12 17.1
 OLZ-197     144.15  149.15  5.00 8.97 6.88 2.09 7.0
 OLZ-197  and   152.15  159.40  7.25 7.61 7.19 0.42 7.4
 OLZ-198     158.65  160.85  2.20 19.15 16.15 3.01 23.9
 OLZ-199     150.70  153.60  2.90 3.16 2.86 0.30 10.4
 OLZ-199     156.50  161.15  4.65 6.12 4.83 1.29 12.9
 OLZ-200     146.10  149.40  3.30 1.40 1.18 0.21 1.9
No significant intersection in holes 179, 181 and 184.
All diamond core holes, drilled vertically through the sub-horizontal mineralized horizon, so intersections represent approximate true widths.  

 

 

SOURCE: Rathdowney Resources Ltd.

For further information:

For further details on the Company and its projects, please visit www.rathdowneyresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.