Drilling Progress on Adroit Resources Inc.'s Red Vein Volcanogenic Massive Sulphide (VMS) Property and Expropriation Claim Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/15/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) Drilling Progress and Expropriation Claim Update. Management is pleased to announce that the Grassy Lake drilling programme is now 50% completed (see Company's January 31, 2011 news release) and a first batch of 600 samples is being prepared to be sent for assaying. Assay results will be published once received and evaluated by the Company's technical team.
Drilling Progress - Grassy Lake. The 3,000 meter diamond drilling program on the Grassy Lake portion of the Red Vein property is now 50% completed. The Laframboise Drilling Inc. drill has completed four drill holes into combined MMI/IP targets on Zone B of the Grassy Lake portion of the Red Vein Property. The Levert Drilling Ltd drill has completed their third diamond drill hole on a combined MMI/IP target on Zone A of the Grassy Lake portion of the Red Vein Property.
The Company is continuing to drill Zones A, B, C and F with the Laframboise drill. Following completion on Zones A, B, C and F, the Company plans to drill Zones D and E.
The Red Vein 5,936 Ha property is located within the southern part of the Abitibi greenstone belt in the Shining Tree area of northern Ontario and is highly prospective for Copper, Zinc and Gold. (See the Company's news releases dated December 6 and 20, 2010).
The area has long been an area of intense interest, located in the heart of the exploration triangle of the three large Ontario mining camps of Timmins, (80 km due North), Sudbury, (150 km due South), and Kirkland Lake (75 km Northeast). There are 30 VMS deposits over 200,000 tonnes of massive sulphides within 200Km of the Red Vein property including Kidd Creek in Timmins of 147,880,000 tonnes grading at 2.31% copper, 6.18% zinc and 87 g/t silver and the Horne, H&G Orebodies in Noranda of 53,700,000 tonnes grading at 2.2% copper and 6.10 g/t gold. There are numerous historical copper showings on the property and gold showings abound in the surrounding area. The property is located approximately 10 km north-west of the former Tyranite Gold Mine and 8 km south of the Sothman nickel deposit (see News Release of October 6, 2008).
Doctor Mehmet Taner, Eng., Ph.D. has verified and approved the geological information contained within this news release. Dr. Taner satisfies the requirements of a Qualified Person as defined in the National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
Expropriation Claim Update. The Company advises that the Supreme Court of Canada announced on February 10, 2011 that it would not grant the Company's request for leave to appeal the decision of the BC Court of Appeal in relation to the compensation proceedings brought by the Company concerning the expropriation of the Company's Amber Claims in British Columbia in 1995. Aside from addressing matters of costs, which the Company anticipates will result in a net payment in its favor from the government, this brings to a conclusion the litigation that the Company has been involved in with the BC government concerning its taking of the Company's Amber Claims for parkland.
Adroit Resources Inc. is a mineral exploration company that is currently exploring for Gold, Silver and Antimony 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 97,970,049.
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.
Graeme Rowland
Chairman and President
(604) 688-3304
(604) 682-6038 (FAX)
info@adroitresources.ca
www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123
blackwell@tcn.net