Adroit Applies for an Extra 19,820 Meters of Drilling and Two Year Extensions for Six Existing Exploration Permits in Italy
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V). Management is pleased to announce that Adroit has applied to increase its existing drilling applications from a total of 27,000 meters (313 holes), by 19,820 meters (197 holes) to a total of 46,820 meters (510 holes) and for two year extensions for its six existing exclusive exploration permits in Grosseto Province, Italy covering approximately 2,139 hectares (some 21km2) of terrain prospective for antimony, gold and silver mineralization. These permits represent the Company's total current holding in Grosseto Province, Italy, however, though its wholly owned subsidiary, Risorse dei Minerali Naturali Srl (RMN), Adroit has applied for three new exploration permits in the greater Manciano district in the south of Grosseto Province, Italy covering approximately an additional 1,696 hectares (some 17km2). The Company's October 19, 2011 news release refers.
The existing permits include the Faggio Scritto (246ha), Poggio Pietricci (653ha), Poggio Monticchio (162ha) and I Salaioli (366ha), situated within the Manciano area, some 50km south of the Company's project office in Grosseto and the Poggio Fogari (439ha) and I Monti (273ha), some 70km north of the Company's project office in Grosseto.
The two year extension applications include drilling as follows:
Faggio Scritto - A total of 143 holes (11,065 meters) has been applied for. Previously 129 holes (9,855 meters) were applied for; the Company's news release of April 4th, 2011 refers. The objectives for this drilling are to test the historical resources reported by earlier producers operating until the 1980's (see below for further details) for NI 43-101 resource calculation purposes and to test the additional Antimony ('Sb') anomaly indicated by the Company's recent geochemistry survey of the adjacent area to the historical resources.
Poggio Pietricci - A total of 245 holes (20,220 meters) has been applied for. Previously 164 holes (13,290 meters) were applied for; the Company's news release of April 4th, 2011 refers. The objectives for this drilling are to test the historical resources for NI 43-101 resource calculation purposes, the potential of the residual mineralization in the old mine of Macchia Casella and to test the Sb anomaly showed by the Company's recent geochemistry survey on the soil of the area of Poggio Pietricci hill, stretching between the historical resources and the old Macchia Casella mine.
Note: Faggio Scritto and Poggio Pietricci are contiguous, resulting in a combined holding of 899 ha. Both properties are prospective for gold, silver and antimony.
Poggio Monticchio - A total of 84 holes (8,080 meters) has been applied for. The objectives for this drilling are to test the historical resources reported for this permit for NI 43-101 resource calculation purposes and to test two other mineralized areas adjacent to the historical resources.
I Salaioli - A total of 20 holes (4,000 meters) has been reapplied for. The Company's May 16th 2011 news release refers. The objective of this drilling is to confirm and, possibly, extend the historical resource, and to provide the first step for a NI 43-101 compliant resource calculation.
The Manciano region, located about 50km south from the Company's project office in Grosseto, was, by world standards, a significant producer of Antimony with several deposits mined over the past century. Production in the area ceased in the 1980's with the closure of the Tafone mine. Despite historical production, several new occurrences or extensions to mined deposits were identified in the late 1980's but never developed, as production was winding down due to low prices. The Company is currently assessing some of these Antimony deposits for eventual commercial exploitation.
Exploration and resource evaluation, carried out prior to the mine closures, indicated the presence of considerable Antimony resources in the district and, more particularly, within the Company's permits. Based on its work carried out in the 1980's, SAMIM, an Italian company mining several antimony deposits in the area at the time, estimated the presence of over 2.8Mt of ore grading 0.77% Sb, yielding over 21,000t of Sb metal, including a higher-grade zone of about 465,000t grading 1.58% Sb on the Faggio Scritto prospect, astride the Poggio Pietricci and Faggio Scritto tenements. The mineralization, which was never mined, occurs near surface, and remains open in several directions (See News Releases of June 13, 2007 and February 4, 2008). It occurs in close proximity to the former Macchia Casella mine which reportedly produced over 1,100 tons of Sb metal from high-grade ore (greater than 10%) between 1939 and 1953. Historical work carried out on the Company's other Antimony prospects estimated resources of 25,000t grading 1.3% Sb at Poggio Monticchio and 31,500t at 1.5% Sb on the I Salaioli prospect. These deposits remain open in several directions.
All of the above historical resource estimates and data are non-conformable with National Instrument 43-101, 'Standards of Disclosure for Mineral Deposits'. These historical reports have not yet been independently verified by the Company and the Company is not relying upon them and is not treating the historic resource as a current resource. The historical data is currently being reviewed and assessed in the light of the recent discovery of new historical documents.
The Antimony mineralisation occurs in close spatial and genetic relation with the gold mineralization, recognized in the area (see, amongst others, News Release of 22 December 2006). Both occur preferentially in Mesozoic carbonate-evaporitic formations, are associated with regional structural features and are related to recent igneous activity. The idealized prototype of a southern Grosseto Province Antimony deposit can be described as an irregular mineralization situated in the upper part of a highly porous limestone unit, usually the Calcare Cavernoso ('vuggy limestone'), overlain by an impermeable unit, normally a flysch-type rock. The deposits are bound to the edge of horst positions and also to areas of elevated geothermal gradient and resulting hydrothermal activity.
Antimony has many diversified and indispensable uses for both commercial and military applications. Antimony prices recently soared as global demand surges and output considerably declined as Hunan province, China's largest producing region, curbs output to comply with central government restrictions. China reportedly contributes around 90 percent of world output.
Poggio Fogari - A total of 8 holes (1,600 meters) has been applied for. The objective of this drilling is to test and verify the gold in soil anomalies discovered by previous Company field work.
The property is traversed by a NNW-SSE oriented high-angle mineralized fault and an induced polarization (IP) chargeability anomaly (see news release of December 4th 2006) which juxtaposes the prospective Calcare Cavernoso limestone with the overlying argillaceous Eocene to Cretaceous flysh formations. Assays carried out by past exploration (confirmed by the Company's work) on randomly collected float and outcrop of jasperoid rocks, which abundantly occur along the fault, frequently returned gold contents in excess of 0.25g/mt with peaks of 2.8 and 3.5 g/mt Au. Systematic soil sampling by Adroit confirmed the presence of gold mineralization along the fault structure. Boulders with stibnite (antimony sulphides) are frequently observed along the fault.
I Monti - A total of 10 holes (2,000 meters) has been applied for. The objective for this drilling is to test and verify the gold in soil anomalies discovered by previous Company field work.
The I Monti permit is contiguous to the Company's Poggio Fogari (see News Release of October 5th, 2007) and displays a similar geological setting. It is underlain by Calcare Cavernoso limestone, outcropping in the central part of the permit, surrounded by flysh and alluvial formations. Assays from historic rock and float sampling surveys returned gold values in excess of 0.25g/t Au with peaks of 6.3 and 6.7 g/t Au.
A soil sampling survey was carried out by Company staff on six lines, between 750 and 1,300m in length, spaced approximately 250m apart, in the central, limestone underlain part of the property. Sample spacing along the survey lines was approximately 25m. A total of 225 soil samples were collected with a hand-auger at an average depth of 0.5m. The survey outlines a vast gold-in-soil anomalous ( 100ppb Au) area with a peak of 2g/t Au. The anomaly trends northwest-southeast and extends over more than 25ha. It remains open to the northwest and southeast. The Company's October 23rd, 2007 news release refers.
Dr. Mehmet Taner, a Qualified Person under the guidelines of National Instrument 43-101, has reviewed and approved the geological information contained in this news release.
President's Comments. 'Most exciting for me, is the discovery on Poggio Pietricci of the Antimony mineralization between the existing Macchia Casella extension historical resource and the old high grade Macchia Casella mine, identified by our soil sampling. This significantly increases the Antimony potential of this property.'
Adroit Resources Inc. is a mineral exploration company that is currently exploring for Antimony and other metals in Central Italy and diamonds, precious and base metals in the Timmins/Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. In addition, Adroit is seeking new precious and base metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital is 113,919,192.
On behalf of the Board of Directors
Graeme Rowland, Chairman and President
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Adroit Resources Inc.
(604) 688-3304
info@adroitresources.ca
www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123
blackwell@tcn.net
Pure Investor Relations (German IR-Corporate Advisor)
(0) 89-416-175-772
info@pure-ir.de
