Adroit Applies for Antimony Drilling Permit, Appoints Independent Resource Calculation Consultant and Field Work Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/16/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FRANKFURT: A7V)(BERLIN: A7V) - Management is pleased to announce that Adroit has applied to the Italian authorities to increase its exploration work permit to allow for a 20 hole, approximately 4,000 meter, diamond drilling programme, on its wholly owned I Salaioli property, in the Scansano area, Grosseto Province, Italy.
The 366 Ha permit contains a reported 35,000t @ 2.0% Sb historic Antimony resource. (See the Company's March 27th, 2007 news release.) This historical resource estimate is non-conformable with National Instrument 43-101, 'Standards of Disclosure for Mineral Deposits'. The historical reports have not yet been independently verified by the Company and the Company is not relying upon them. The objective of this drilling programme is to confirm and, possibly, extend the historical resource, and to provide the first step for a later NI 43-101 compliant resource calculation. Adroit expects to receive the authorization to drill in the Autumn of this year.
Appointment. Management is pleased to announce the appointment of Mr Neil Gow to carry out NI 43-101 resource calculations on its antimony permits in Italy and Mr Gow is scheduled to make his first visit to the Company's Italian permits next month.
Mr. Gow, P.Geo., is an independent consulting geologist based in Toronto, ON. He has wide international experience in mining and mineral exploration and has completed numerous Mineral Resource and Mineral Reserve estimates. He was a member of a committee of the Canadian Institute of Mining, Metallurgy and Petroleum that prepared the best practice document for the estimation of Mineral Resources and Mineral Reserves.
Field Work Update. Since March 1, 2011, the Company has been working on the Poggio Pietricci and Faggio Scritto permits. The work is assessing an antimony-in-soil anomaly reported in the historical data in the southern part of the Poggio Pietricci permit, verifying the surface extension of another antimony anomaly across the limits of Faggio Scritto and Poggio Pietricci permits and the relationship between the old Macchia Casella antimony Mine and the Faggio Scritto Sb anomaly. The work to date has provided 500 soil and rock samples that will be soon analyzed.
In addition geological, structural and alteration mapping, together with rock and soil sampling surveys, have been initiated over the most prospective part of the I Salaioili permit, designed to verify the potential of this area.
Exploration carried out prior to the mine closures, established the presence of considerable historic antimony resources in the district and, more particularly, within the Company's permits. Work carried out in the 1980s on the Faggio Scritto prospect, astride the Poggio Pietricci and Faggio Scritto tenements, indicated the presence of over 2.8Mt of ore grading 0.77% Antimony (Sb), yielding over 21,000t of antimony metal, including a higher-grade zone of about 465,000t grading 1.58% Sb. 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 workings carried out on the Company's other antimony prospects estimated resources of 25,000t grading 1.3% Sb at Poggio Monticchio and 35,000 tonnes at 2.0% antimony on the I Salaioli permit in close proximity to the Zolfiore mine. These deposits remain open in several directions.
The above cited resource estimates are historical and as such 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.
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 Tuscan 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 surged and output declined considerably, 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.
Mr. Franceschi, a Qualified Person under the guidelines of National Instrument 43-101, has reviewed and approved the geological information contained in this news release.
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 105,065,192.
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.
Graeme Rowland
Chairman and President
(604) 688-3304
info@adroitresources.ca
www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123
blackwell@tcn.net