British Geological Survey Reports Antimony Top of Current Supply Risk Index and Adroit Installs Innov-X XRF System in Italy
September 26 2011 - 1:13PM
Marketwired
Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN:
A7V). British Geological Survey (BGS) Report. On September 12,
2011, BGS issued its Risk List 2011 giving a relative risk listing
of 52 chemical elements or element groups needed to maintain our
economy and life style. Only four are listed in the very high risk
group; Antimony, PGEs, Mercury and Tungsten. This report can be
seen on www.mineralsuk.com and will be posted on the Company's
website.
NEW PROPOSAL : INNOV-X XRF SYSTEM. Management is pleased to
report that an Olympus Innov-X XRF Delta Premium system has been
installed in the Grosseto office, and a sampling and QA/QC protocol
is being set-up for the analysis of rock and soil samples taken
during the past few months (828 samples taken from the Poggio
Pietricci, Faggio Scritto, I Salaioli and Poggio Monticchio
Antimony properties). This will allow for the rapid analysis of
these samples and eventually for the selection of relevant batches
that will be sent for more appropriate laboratory analyses. The
soil sampling programme is still ongoing in the Poggio Monticchio
and I Salaioli properties.
An Induced Polarisation (IP) survey is being planned to
follow-up on the soil sampling programme in the Poggio Monticchio
and I Salaioli properties. Both geophysical and geochemical work is
aimed at testing the extension of the historically-known
mineralisation in these properties. In addition, in-fill soil
sampling will be carried out at I Monti and an IP-survey is also
planned at Poggio Fogari.
Exploration and resource evaluation, carried out prior to the
mine closures, indicated the presence of considerable historic
antimony resources in the district and, more particularly, within
the Company's permits. Based on its work carried out in the 1980s,
SAMIM, an Italian company mining several antimony deposits in the
area at the time, estimated the presence of over 2.8Mt of ore
grading 0.77% Antimony (Sb), yielding over 21,000t of antimony
metal, including a higher-grade zone of about 465,000t grading
1.58% Sb on the Faggio Scritto prospect, astrid the Poggio
Pietricci and Fagio tenements. The mineralization, which was never
mined, occurs near surface, and remains open in several directions
(See News Releases of June 13, 2007 and February 4, 2008). It
occurs in close proximity to the former Macchia Casella mine which
reportedly produced over 1,100 tons of Sb metal from high-grade ore
(greater than 10%) between 1939 and 1953. Historical workings
carried out on the Company's other antimony prospects estimated
resources of 25,000t grading 1.3% Sb at Poggio Monticchio and
31,500 tonnes at 1.5% antimony on the I Salaioli prospect. These
deposits remain open in several directions.
The above historical resource estimates and data are
non-conformable with National Instrument 43-101, "Standards of
Disclosure for Mineral Deposits". These historical reports have not
yet been independently verified by the Company and the Company is
not relying upon them and is not treating the historic resource as
a current resource. The historical data is currently being reviewed
and assessed in the light of the recent discovery of new historical
documents.
The antimony mineralisation occurs in close spatial and genetic
relation with the gold mineralization, recognized in the area (see,
amongst others, News Release of 22 December 2006). Both occur
preferentially in Mesozoic carbonate-evaporitic formations, are
associated with regional structural features and are related to
recent igneous activity. The idealized prototype of a southern
Tuscan antimony deposit can be described as an irregular
mineralization situated in the upper part of a highly porous
limestone unit, usually the Calcare Cavernoso ("vuggy limestone"),
overlain by an impermeable unit, normally a flysch-type rock. The
deposits are bound to the edge of horst positions and also to areas
of elevated geothermal gradient and resulting hydrothermal
activity.
Antimony has many diversified and indispensable uses for both
commercial and military applications. Antimony prices recently
soared as global demand surges and output considerably declined as
Hunan province, China's largest producing region, curbs output to
comply with central government restrictions. China reportedly
contributes around 90 percent of world output.
Mr. Franceschi, a Qualified Person under the guidelines of
National Instrument 43-101, has reviewed and approved the
geological information contained in this news release.
Change of QP for Italy. Dr. Mehmet Taner, Eng., Ph.D. will be
the Company's QP for Italy following this news release. Dr. Mehmet
Taner completed the Company's NI 43-101 report for the Italian
project in 2005 and has carried out subsequent work on Company
permits in Italy. Mr. Franceschi and his Consultancy team will
continue to be available to the Company.
President's Comments. "It is of note that Rare Earth Elements
are listed below the very high risk group by the BGS. Not only will
the Innov-X XRF system speed results, but also save significant
assaying costs on an ongoing basis."
Adroit Resources Inc. is a mineral exploration company that is
currently exploring for Antimony and other metals in Central Italy
and diamonds, precious and base metals in the Timmins/Shining
Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. In
addition, Adroit is seeking new precious and base metal projects to
add to its expanding portfolio. The Company's issued and
outstanding share capital is 113,919,192.
On behalf of the Board of Directors
Graeme Rowland
Chairman and President
Note: The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this
release.
Contacts: Adroit Resources Inc. (604) 688-3304
info@adroitresources.ca www.adroitresources.ca Blackwell (Corporate
Advisor) (416) 364-3123 blackwell@tcn.net Pure Investor Relations
(German IR-Corporate Advisor) (0) 89-416-175-772
info@pure-ir.de