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Thursday, 6 September 2012
Rathdowney Resources encounters 18.8% Zinc + Lead over 7.8 metres at Olza
Rathdowney Resources Ltd. (CVE:RTH) Wednesday unveiled results from forty-two additional holes from the company's ongoing drilling program in at Project Olza, Poland.
Amongst the highlights, Hole 165, which intersected 7.8 metres of 18.8% Zinc and Lead (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.
"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 president and CEO John Barry said.
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.
Project Olza is a Mississippi Valley Type zinc-lead prospect situated in Poland's prolific Upper Silesian mining district which has been a centre of exploration and mining activity since 12th 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 lead1. 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.