VANCOUVER, April 11 /PRNewswire/ - 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.
SOURCE Rathdowney Resources Ltd.
