June 28, 2012, Vancouver, BC – Rathdowney Resources Ltd.
(“Rathdowney” or the Company”) (TSXV: RTH) is pleased to announce this latest
update on drilling results from its Olza zinc project, located 70 km northwest
of Krakow in southern Poland. Compilation of results and resource modelling is
progressing according to plan. Additional holes have been drilled which will be
included in the resource estimate. A number of these are currently awaiting
final QA/QC and will be released shortly. Project Olza is a Mississippi Valley
Type (MVT) zinc-lead prospect in Poland’s historic Silesian mining district, an
area with extensive infrastructure including power, rail and smelter
facilities.
"Rathdowney’s 2012 drill program commenced in January with up to six drills
operating and has rapidly advanced our geological understanding of the Silesian
MVT zinc-lead system," confirmed John Barry, Rathdowney’s President and CEO.
“We are pleased to report that our results continue to correlate strongly with
previous drilling undertaken in the region, and will facilitate our goal of
converting historical resource estimates into a 43-101 compliant resource in the
near-term.”
Rathdowney’s drill hole pattern is designed to optimize the testing and
verification of historical resource estimates in this highly prospective
district. Significant mineralization has been encountered since drilling
commenced last year. Results to date demonstrate the continuity of
mineralization within zones along several kilometers of strike length. The drill
results for 40 new holes appended to this release continue to build confidence
in the reported historical resources…
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