RATHDOWNEY INITIATES DRILLING IN IRELAND
April 11 2011 - 8:30AM
PR Newswire (Canada)
VANCOUVER, April 11 /CNW/ -- VANCOUVER, April 11 /CNW/ - John
Barry, President and CEO of Rathdowney Resources Ltd. (TSX-V: RTH)
(the "Company" or "Rathdowney") is pleased to announce that diamond
drilling has commenced on the first of forty-five drill-ready
zinc-lead targets located in the Irish Midlands Ore Field, an area
of world class zinc-lead deposits. Drilling started with one rig
operating on April 8, 2011 at the Company's Mallow property in
southern Ireland. The 337-square kilometer Mallow project area is
south of the Pallas Green district where major new zinc-lead
discoveries have been made by Teck and Xstrata (inferred resources
of 25.9 million tonnes grading 7.51% Zn and 1.38% lead at 4% zinc
eq cut-off, Minco plc website). Two additional rigs will be added
to test other priority targets within the Mallow project-area and
at the Westmeath South property. Mallow and Westmeath South are two
of eight project-areas held by Rathdowney in the Irish Midlands.
Over the past two years, Rathdowney has undertaken extensive soil
geochemical sampling and airborne geophysical surveys over its
ground and established compelling zinc-lead drill-targets on six of
the project-areas. An initial 15,000 metres of exploration drilling
is planned to test 45 priority targets. Rathdowney is a mineral
exploration and development company associated with Hunter
Dickinson Inc. (HDI). The Company is focused on finding and
developing the next generation of base metal deposits in the ore
fields of Poland and Ireland. HDI is 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. On behalf of the Board of Directors John
Barry President & CEO Neither 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 permitting, 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. For further
details on Rathdowney and its properties in Ireland and Poland,
please visit www.rathdowneyresources.com or contact Investor
Relations at (604) 684-6365 or within North America at
1-800-667-2114
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