Adroit Updates Antimony Project
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/25/11 -- Adroit Resources Inc. (TSX VENTURE: ADT)(FFRANKFURT: A7V)(BERLIN: A7V) - Earlier in the year, the Company applied to the Italian authorities to increase its exploration work permits to allow for a 293 hole, approximately 23,000 meter, diamond drilling programme on its wholly owned Poggio Pietricci and Faggio Scritto properties, in the Manciano area, Grosseto Province, Italy (see the Company's April 4, 2011 news release).
The objectives of this drilling programme are to confirm and, possibly, extend the historical resources, and to provide for a NI 43-101 compliant resource estimate. The two contiguous permits total 899 Ha and contain the largest of the Company's historic Antimony resources (see the Company's January 10, 2011 news release).
The Italian authorities have recently replied, requesting additional environment information concerning aquifers and how the drilling and mining of the deposit may affect the water table. Adroit is preparing a response.
Further Drill Programmes. Adroit has additionally applied to the Italian authorities 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. A reply from the Italian authorities to this application is expected this fall. Subject to regulatory consent, the intention is to commence drilling this deposit in November 2011.
Drilling Letter of Intent. Adroit has signed a Letter of Intent to use the drilling services of GEO DEEP DRILLINGS S.R.L. for a minimum of 2,000 meters, with an option to increase the amount to 7,000 meters on either or both of these two drill programmes.
Field Work Update. Since the Company's news release of May 16, 2011, activities in Italy have focused on the compilation of a detailed geological map of the Poggio Monticchio tenement, as well as of an alteration map and a structural map of the area. As a result an Induced Polarisation ('IP') survey has been planned for September, aimed at testing the extension of the identified mineralized structures. In addition a thorough rock sampling program will be carried out over the tenement. Further IP surveys are also planned for the coming months at I Salaioli and Poggio Fogari. In-fill soil sampling will be carried also out at I Monti.
Exploration and resource evaluation, carried out prior to the mine closures, indicated 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 31,500 tonnes at 1.5% antimony on the I Salaioli prospect. These deposits remain open in several directions.
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.
The antimony mineralization occurs in close spatial and genetic relation with the gold mineralization, recognized in the area (see, amongst others, news release of December 22, 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 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.
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.
President's Comments. 'While I would have much preferred to start drilling next month, we continue to receive assurances from the Italian authorities that they welcome the investment and the anticipated job creation and support the resumption of mining Antimony and other metals.'
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