Friday, June 29, 2012

Rathdowney Resources Ltd. (TSX-V: RTH) Updates Results from 2012 Drilling at Poland's Project Olza

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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