VANCOUVER, Sept. 14, 2012 /CNW/ - Rathdowney Resources Ltd.
("Rathdowney" or the "Company") (TSXV: RTH) recently announced an
estimate of significant zinc-lead mineral resources for its Project
Olza in Poland. The 100-square kilometre property is located in the
Upper Silesian Mining District of southwestern Poland, an area of
extensive Mississippi Valley-type deposits in which zinc-lead mining
has taken place since the 12th century.
Mineralization at Project Olza occurs along a corridor which, in plan,
follows a broadly curvilinear pattern with a total strike length of
approximately 10 kilometres and width up to 1 kilometre. Stratabound
mineralized zones, ranging in thickness from less than 1 metre to 20
metres, are mainly hosted in a flat-lying dolomitic unit 100 to 250
metres below surface.
Within this mineralized corridor Rathdowney has defined a mineral
resource utilizing holes from historical and recent drilling. At a
2.0% zinc cutoff, these inferred mineral resources are 21.2 million
tonnes grading 7.42% combined zinc and lead (5.88% zinc and 1.54% lead)1. Mineralization within the areas that comprise the resource, shown on
the map at http://rathdowneyresources.com/i/rdr/pdf/RTH_2012_Sept11_Drawing.pdf, averages approximately 3 metres in thickness.
The Qualified Person for the estimate is Robert L. Sandefur, P.E. of
Chlumsky Armbrust & Meyer, who has reviewed the contents of this
release. Further details are available in the Company's September 11,
2012 news release.
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. 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.
President & CEO
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.
1 The effective date of the estimate is May 2012, the date of the latest
drilling used in estimation. A technical report will be filed on the
Rathdowney profile at www.sedar.com within 45 days.
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.