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Rathdowney Resources begins 30,000m drill program at OLZA project in Poland

|Includes: VanEck Vectors Retail ETF (RTH)

Base metal-focused Rathdowney Resources (CVE:RTH) said Thursday that it has started drilling on its OLZA zinc-lead project in southern Poland.

Two diamond drill rigs were mobilized to the site, and began drilling in the northern part of the Zawiercie exploration concession, one of two concessions held by Rathdowney in the  Silesian zinc-lead district, located about 90 kilometres northwest of Krakow, Poland.

Project OLZA, which consists of the Zawiercie and Rokitno exploration concessions, is situated along strike from the operating State-owned Pomorzany zinc-lead mine, and the Olkusz and Boleslaw mines which, historically, have produced some 125 million tonnes of ore, averaging 4 per cent zinc and 2 per cent lead.

Historical drilling on the company's concessions indicates the presence of substantial deposits of zinc and lead, including significant zones of higher-grade zinc mineralization, it said.

The current multi-phase drill program is designed to better define the known mineralization, and will comprise of over 30,000 metres of drilling this year. Six additional rigs are expected  by early this fall.

"We plan a regular flow of drill results from this project, as well as our other major drill program that is focused on compelling targets in the Irish zinc-lead district, over the coming months as we work to find and develop new zinc-lead mines in Poland and Ireland," said president and CEO John Barry.

"Globally, there are relatively few zinc-lead explorers, and we believe that Rathdowney is distinct in both the quality and scale of its zinc-lead projects, and their location near to established infrastructure in the heart of Europe."