Invites investors to join us at the PDAC - BOOTH 2623B
VANCOUVER, Feb. 24, 2017 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) is pleased to announce the appointment of Roger Blair as Vice President, Investor Relations of the Company. Mr. Blair has extensive experience in the corporate communications and investor relations field. He has significant expertise in the resource industry with a proven track record of success in exploration, development and production companies.
For over 15 years, his focus has been cultivating relationships in the North American and international investment community, and developing and executing Investor Relations programs creating significant shareholder value. He most recently worked in Investor Relations at Kin Communications Inc., and was Senior Advisor, Investor Relations for Rathdowney from 2011 to 2015.
David Copeland, Chairman of Rathdowney said, "We are delighted to welcome Roger back to Rathdowney and into his new role as Vice President, Investor Relations. His skills and experience with the investment community and his depth of understanding of the Company will help us expand our shareholder base as we advance our flagship Project Olza through the engineering and permitting stages and toward production."
Rathdowney invites investors to meet with Roger at the upcoming Prospectors and Developers Conference in Toronto. Join us at Booth 2623B at the Investors Exchange, Exhibit Halls F&G - South Building, Metro Toronto Convention Centre from 10 am-5 pm on Tuesday, March 7 and 9 am-12 pm on Wednesday March 8, 2017.
About Rathdowney and Project Olza
Rathdowney Resources Ltd. is focused on advancing its Project Olza through permitting and into production. Project Olza is located in the Upper Silesian Mining District of southwestern Poland, a world-class region of Mississippi Valley-type zinc-lead deposits with well-developed mining infrastructure. A railway line through the Olza project-area provides direct access to smelters in Europe and to tidewater to reach off-shore facilities.
Strong potential financial returns are indicated for a 6,000 tpd low-cost, bulk-tonnage underground operation and conventional treatment facility, producing two clean, low-iron, marketable concentrates1. In addition, extensive property-wide historic drilling by the Polish State as well as recent drilling by Rathdowney have shown excellent potential to expand mineral resources2 to support a long-life mine.
1 For additional details, see Rathdowney's April 20, 2015 news release and December 31, 2014 Preliminary Economic Assessment Technical Report which is filed at www.sedar.com.
2 Current mineral resources: 24.4 million tonnes of inferred @ 7.02% Zn+Pb (5.53% Zn, 1.49% Pb) estimated at a 2.0% Zn cutoff; Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Historical estimate (1990) Zawiercie I & II: 77 Mt @ 6.15% Zn+Pb by the Polish State Geological Institute (PSGI) from PSGI 1992 report based on the Polish resource classiﬁcation system, which is very similar to the Soviet classiﬁcation system. A QP has not done sufficient work to classify the estimate as current mineral resources and the Company is not treating it as current.
David Copeland, PEng., Chairman of Rathdowney and a qualified person as defined under NI43-101, has reviewed the technical information in this release.
On behalf of the Board of Directors
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. Assumptions used by the Company to develop forward-looking statements include the following: the Olza project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Olza project will continue to be positive, and no geological or technical problems will occur. 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 and 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 mineral resources". Rathdowney Resources Ltd. advises investors that although these terms are 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 them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "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 Economic 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.
SOURCE Rathdowney Resources Ltd.
For further information: For further details on Rathdowney and Project Olza, please visit our website at www.rathdowneyresources.com or contact Roger Blair, VP Investor Relations at 604-684-6365 or toll free (NA) at 1-800-667-2114.