Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V).
Management is pleased to announce that its wholly owned Italian
subsidiary, Risorse dei Minerali Naturali Srl (RMN), has applied
for three new exploration permits in the greater Manciano district
of Grosseto Province, Italy. Adroit already holds four exploration
permits in this district (Poggio Pietricci, Faggio Scritto, Poggio
Monticchio and I Salaioli).
The three new exploration permits applied for total 1,696 Ha and
are called Valle Lupara (388 Ha), Catabbio (926 Ha) and Selvena
(382 Ha).
Valle Lupara contains the former Montauto mine which produced
97,724 tonnes of ore grading between 1.7% and 2% Antimony (Sb).
When the mine closed, the operating company reported estimated
remaining resources of 30,824 tonnes grading at 1.45% Sb plus
55,000 tonnes grading 1.75% Sb in two different locations on the
permit area.
Catabbio and Selvena host former Mercury mines belonging to the
Monte Amiata mercuriferous basin which produced over 3.3 million
flasks of Mercury between 1850 and 1975, placing this basin second
in the world for Mercury production after the mines of Almaden,
Spain. (Note: The flask is the standard industry unit in which
Mercury is available. It weighs 76 pounds (about 34.5 kg) and while
the price of Mercury varies, it is recently reported at $8.00 per
pound.)
The Catabio Mercury mine was operated between 1964 and 1967,
producing about 1,112 flasks of Mercury and exploration in the
vicinity of the mine revealed Antimony mineralization near the
Fosso della Fuliggine.
The Selvena mine has been intermittently operated since the
Middle Ages and possibly even earlier. The mine produced an
estimated 200,000 flasks of Mercury between 1909 and 1982.
Historical reports repeatedly mention the presence of Antimony
mineralization in close spatial association with the Mercury
occurrences.
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 historic production, several
new occurrences or extensions to mined deposits were identified in
the late 1980's and never developed, as production was winding down
due to low prices. The Company is currently assessing some of these
historic Antimony deposits for eventual commercial
exploitation.
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. 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 Fagio 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 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% 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.
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. "While our primary focus at the Company
has shifted to Antimony, it should be recalled that Antimony and
Mercury are established pathfinder metals for Gold mineralization,
which is also present in the area. These current applications are
intended to increase the commercial viability of Adroit's stated
objective of recommencing the mining of Antimony and other metals,
which will then allow for the continued systematic exploration for
Gold."
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)
688-3304info@adroitresources.cawww.adroitresources.ca Blackwell
(Corporate Advisor) (416) 364-3123blackwell@tcn.net Pure Investor
Relations (German IR-Corporate Advisor) (0)
89-416-175-772info@pure-ir.de
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