Welcome to Rathdowney Resources Ltd.
Rathdowney Resources Ltd. is a Canadian publicly-traded company (TSXV:RTH) whose primary focus is developing and permitting its flagship, 100%-owned Olza zinc-lead-silver development project in Poland. Rathdowney is committed to creating value for its shareholders and advancing Olza by having invested +C$25M into exploration and development activities.
Olza covers +150-sq km in Poland's Upper Silesian Mining District, a region of world-class Mississippi Valley-Type zinc-lead deposits, which has a supportive and vast mining history. Olza is located north of the nearby Pomerzany Mine that has produced +90 Mt over the past 40 years; it is also connected by rail to the operating ZGHB smelter complex and Gdansk port on the Baltic Sea.
Extensive prior drilling and historical estimates by the Polish State Geological Institute (PSGI) indicate substantial resources in the Olza area. The 1990 historical estimate from PSGI report of 77Mt @ 6.15% Zn+Pb (PSGI 1992 report, in C1/C2 categories based on the Polish resource classification system, very similar to the Soviet classification system. A qualified person has not done sufficient work to classify the estimate as current mineral resources and Rathdowney is not treating it as current). Rathdowney drilling in a small portion of this area (~30% of historical resource) produced an inferred resource of 24.4 Mt of 7.02% Zn+Pb1
(at 2.0% Zn cut-off), which was utilized in a 2015 Preliminary Economic Assessment and showed robust economics for development using stand-alone infrastructure.
Olza has excellent potential for resource expansion indicated by historical and recent drilling. Project development and investment potential is further enhanced by existing infrastructure, including well-developed EU highways, industrial-sized power, skilled mine workers, ample established water supplies, and a rail link to smelters and markets.
Rathdowney is well-funded to advance its field programs and is poised for capital appreciation in an upward trending zinc market, coupled with the potential for long-term production in as favorable a jurisdiction.
The company is associated with Hunter Dickinson Inc. (HDI), a diversified, global mining group with more than 25 years of mineral development success.
1 The estimate at a 2% Zn cut-off was audited and verified by L. Roberts, MAusIMM(CP) of SRK, who is the independent qualified person for the estimate in the Preliminary Economic Assessment.