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.
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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.
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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.
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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
David Copeland
Chairman
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.