Drilling intersects high-grade zinc-lead-silver and confirms continuity of mineralisation in Poland
while drilling continues to explore compelling targets in Ireland
September 22, 2011, Vancouver, BC – Rathdowney Resources Ltd. (“Rathdowney” or the Company”) (TSXV: RTH) announces assay results for the first 20 core holes (OLZ-001 thru OLZ-020), representing 2,348 metres of the ongoing 30,000-metre Phase I diamond drilling program at the Company’s Project Olza, located 90 kilometres northwest of Krakow, Poland. These initial holes have cut impressive sections of high-grade zinc-lead-silver mineralisation which confirms the continuity of Zawiercie Zone I. Zawiercie I is the first of several zinc-lead-silver zones and deposits to be drill-tested and delineated by Rathdowney. The Project Olza mineral concessions cover the unexploited and underexplored extension of a major belt of Mississippi Valley-Type ("MVT") deposits within the Upper Silesia zinc-lead-silver district of southern Poland.
Rathdowney’s drilling program is planned to establish the grade and extent of deposits indicated by extensive previous work, including 180,000 metres of drilling conducted by the Polish State Survey. The program involves the twinning of a number of historical drill-holes to confirm the internal continuity of the mineralization as well as drilling of step-out holes in the range of 50-metre intervals to delineate deposit resources. The current drill program is expected to advance the project towards completion of an initial NI 43-101 compliant resource estimate in 2012.
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