Exciting new results from Rathdowney's drilling at Project Olza
September 05 2012 - 8:30AM
PR Newswire (Canada)
Including 7.8 m of 18.8% Zn+Pb in hole 165 and 8.4 m of 9.5% Zn+Pb
in hole 135 VANCOUVER, Sept. 5, 2012 /CNW/ - Rathdowney Resources
Ltd. ("Rathdowney" or the "Company") announces the results in
forty-two additional holes from the Company's ongoing drilling
program in Poland. The holes are located at drill centres in the
central and southern parts of the extensive mineralized corridor
that extends through Project Olza-area. These new holes include
some of the best grades and widths encountered in drilling to date
and demonstrate the strength and persistence of the zinc-lead
mineralization at Project Olza. For example, Hole 165, which
intersected 7.8 metres of 18.8% Zn+Pb, is 210 metres northwest of
Hole 171 that encountered 8.7 metres of 7.9% Zn+Pb. Hole 135, which
encountered 8.4 metres of 9.5% Zn+Pb, is 140 metres north of hole
162 which intersected 5.7 metres of 7.7% Zn+Pb including 1.3 metres
of 20.0% Zn+Pb. These and other highlights are tabulated
below:
____________________________________________________________________
|Drill Hole| From | To |Intercept|Pb+Zn | Zn | Pb | Ag | | Number |
(m) | (m) | (m) | (%) | (%) | (%) |(g/t)|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-135 | 135.15| 141.20| 6.05| 4.39| 1.69| 2.70| 20.6|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-135 | 147.80| 156.20| 8.40| 9.48| 8.29| 1.19| 22.7|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-139 | 149.15| 151.95| 2.80| 16.27| 7.69| 8.58| 29.6|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-142 | 70.00| 82.60| 12.60| 2.68| 1.59| 1.10| 11.5|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-143 | 84.20| 87.00| 2.80| 9.34| 1.82| 7.53| 6.9|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-144 | 77.40| 82.45| 5.05| 5.05| 1.62| 3.43| 14.0|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-154 | 79.05| 81.25| 2.20| 11.50| 7.89| 3.61| 72.4|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-155 | 136.15| 149.10| 12.95| 5.57| 3.19| 2.38| 9.2|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-157 | 156.50| 159.20| 2.70| 20.27| 15.19| 5.08| 52.0|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-158 | 82.00| 85.80| 3.80| 12.40| 7.95| 4.46| 8.7|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-160 | 63.00| 66.80| 3.80| 12.68| 11.60| 1.08| 15.4|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-161 | 136.82| 140.20| 3.38| 15.44| 14.71| 0.73| 94.2|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-162 | 151.10| 156.83| 5.73| 7.71| 4.82| 2.89| 19.2|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-162 |incl 155.50| 156.83| 1.33| 20.04| 16.88| 3.16| 10.8|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-165 | 156.30| 164.10| 7.80| 18.79| 10.52| 8.27| 48.7|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-171 | 168.10| 176.80| 8.70| 7.93| 5.84| 2.08| 12.4|
|__________|_____________|_______|_________|______|______|_____|_____|
| OLZ-174 | 97.95| 102.85| 4.90| 5.59| 4.41| 1.18| 16.5|
|__________|_____________|_______|_________|______|______|_____|_____|
|All diamond core holes, drilled vertically through the |
|sub-horizontal mineralized horizon, so intersections represent |
|approximate true widths. |
|____________________________________________________________________|
In addition, these strong intersections occur in holes distributed
throughout the areas drilled, as shown on the drill hole location
map posted on the Company's website at
http://www.hdgold.com/i/rdr/pdf/RTH_2012_Sept05_Drawing.pdf.
Locations for all 42 new holes are included on the map and their
assay results are appended to this release. Rathdowney President
and CEO John Barry said: "The width and tenor of these mineralized
intersections bode well for the soon-to-be-released, first
compliant resource for this historical mining district - stay
tuned." Rathdowney'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 12(th) century. According to a 2010 USGS
report, the Upper Silesian has the most important metal
accumulation in any of the world's MVT districts, with an estimated
endowment of some 40 million tonnes of zinc and lead(1).
Because of the district's long mining history, key infrastructure
such as power, and smelter facilities with rail access, is readily
available. 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. 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 Poland and Ireland.
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. (Stewart Group/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. (1)Leach,
D.L., Taylor, R.D., Fey, D.L., Diehl, S.F., and Saltus, R.W., 2010,
A deposit model for Mississippi Valley-Type lead-zinc ores, chap. A
of Mineral deposit models for resource assessment: U.S. Geological
Survey Scientific Investigations Report 2010-5070-A, 52 p. -
Appendix page 50 Table of Assay Results
______________________________________________________________ |
Drill Hole |From | To |Intercept|Pb+Zn| Zn | Pb |Ag (g/t)| | Number
|(m) | (m) | (m) | (%) | (%) |(%) | |
|____________|______|______|_________|_____|_____|____|________|
|OLZ-135| |135.15|141.20| 6.05| 4.39| 1.69|2.70| 20.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-135| |147.80|156.20| 8.40| 9.48| 8.29|1.19| 22.7|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-136| | 58.40| 59.80| 1.40| 3.93| 2.29|1.64| 8.5|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-136| | 80.00| 81.00| 1.00| 4.73| 3.34|1.39| 8.3|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-138| | 61.20| 61.60| 0.40|15.15| 8.42|6.73| 29.8|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-138| | 77.50| 78.50| 1.00|10.87| 9.59|1.28| 24.3|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-139| |149.15|151.95| 2.80|16.27| 7.69|8.58| 29.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-140| | 63.70| 65.50| 1.80| 5.54| 2.49|3.05| 14.7|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-140| | 82.30| 83.30| 1.00| 6.49| 3.48|3.01| 14.4|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-142| | 61.60| 66.10| 4.50| 3.35| 3.05|0.30| 20.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-142| | 70.00| 82.60| 12.60| 2.68| 1.59|1.10| 11.5|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-143| | 84.20| 87.00| 2.80| 9.34| 1.82|7.53| 6.9|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-144| | 77.40| 82.45| 5.05| 5.05| 1.62|3.43| 14.0|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-145| | 82.80| 85.00| 2.20| 3.81| 2.25|1.56| 3.5|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-148| | 63.50| 65.10| 1.60| 2.93| 2.57|0.36| 8.8|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-148| | 80.70| 82.30| 1.60| 3.27| 1.39|1.88| 6.7|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-149| | 68.00| 70.30| 2.30| 1.01| 0.79|0.22| 0.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-150| | 78.45| 81.30| 2.85| 4.22| 2.78|1.44| 6.1|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-151| | 67.25| 72.25| 5.00| 1.15| 0.91|0.24| 0.8|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-152| |156.30|161.50| 5.20| 1.98| 1.97|0.01| 4.8|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-154| | 63.60| 64.00| 0.40|14.71| 5.86|8.85| 58.9|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-154| | 79.05| 81.25| 2.20|11.50| 7.89|3.61| 72.4|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-155| |136.15|149.10| 12.95| 5.57| 3.19|2.38| 9.2|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-156| | 93.90| 94.30| 0.40|14.53| 5.20|9.33| 43.2|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-156| | 98.00|102.50| 4.50| 1.87| 1.80|0.07| 10.3|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-156| |104.60|106.50| 1.90| 9.13| 9.01|0.11| 45.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-157| |156.50|159.20| 2.70|20.27|15.19|5.08| 52.0|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-158| | 64.60| 67.00| 2.40| 7.26| 6.98|0.28| 7.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-158| | 82.00| 85.80| 3.80|12.40| 7.95|4.46| 8.7|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-160| | 63.00| 66.80| 3.80|12.68|11.60|1.08| 15.4|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-161| |136.82|140.20| 3.38|15.44|14.71|0.73| 94.2|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-162| |151.10|156.83| 5.73| 7.71| 4.82|2.89| 19.2|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-162|incl|151.10|153.00| 1.90| 8.90| 2.42|6.48| 49.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-162|and |155.50|156.83| 1.33|20.04|16.88|3.16| 10.8|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-164| | 63.95| 66.70| 2.75| 6.49| 5.61|0.88| 8.9|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-165| |156.30|164.10| 7.80|18.79|10.52|8.27| 48.7|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-166| |135.20|139.90| 4.70| 3.89| 3.87|0.02| 12.9|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-169| |108.85|112.60| 3.75| 3.28| 2.74|0.54| 43.3|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-170| |154.45|155.75| 1.30| 1.46| 1.45|0.01| 2.6|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-171| |168.10|176.80| 8.70| 7.93| 5.84|2.08| 12.4|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-174| | 97.95|102.85| 4.90| 5.59| 4.41|1.18| 16.5|
|_______|____|______|______|_________|_____|_____|____|________|
|OLZ-176| | 91.10| 92.70| 1.60| 4.03| 4.01|0.02| 1.5|
|_______|____|______|______|_________|_____|_____|____|________|
|All diamond core holes, drilled vertically through the |
|sub-horizontal mineralized horizon, so intersections represent|
|approximate true widths. |
|______________________________________________________________|
|No significant intersection in holes: 137, 146, 153, 163, 167,|
|168, 170, 172, 173, 175, 177, 178. |
|______________________________________________________________|
Rathdowney Resources Ltd. CONTACT: For further details on
the Company and its projects, pleasevisit
www.rathdowneyresources.com or contact Investor Services at
(604)684-6365 or within North America at 1-800-667-2114.
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