VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2012) - Adroit Resources Inc. (TSX VENTURE:ADT.V - News)(FRANKFURT:A7V.F - News)(BERLIN:A7V.BE - News) - Management is pleased to report that OIKOS Engineering srl, of Grosseto, Italy (www.oikosengineering.com), have completed their independent Environmental Impact Study for the Company's 31,260 meter, 388 drill hole programme. The purpose of this programme is to provide a NI 43-101 compliant resource for historical Antimony resources and extensions thereof on Adroit's wholly owned Poggio Pietricci and Faggio Scritto contiguous exploration permits located in the Manciano area, Grosseto Province, Italy.
The Environmental Impact Study has been submitted to the Italian authorities for public approval in accordance with Italian and European regulations. The Company anticipates approval for this drill programme in the early part of 2013.
Drilling Planned: The Company plans to initiate resource calculation drilling in the fall of this year on its I Salaioli permit. The I Salaioli programme has received the requisite approval for 4,000 meters in 20 drill holes. Following the I Salaioli programme, management anticipates that drill rigs will be mobilized onto the Poggio Pietricci and Fagio Scritto permits in the early part of next year.
Historical Antimony Resources and Other Metals. These three permits, as previously reported, have a total of 22,000 tonnes of contained Antimony in near surface non NI 43-101 compliant resources. More than 21,000 tonnes of this resource is located on the Poggio Pietricci and Fagio Scritto permits. The historical resources were not assayed for precious and base metals, however, drill programmes by an Anglo American/AGIP joint venture and the Company on the Poggio Pietricci permit have confirmed precious and base metals in the historic resource and in the immediate area.
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% Sb. This translates into 21,000t of antimony metal and includes a higher-grade zone of about 465,000t grading 1.58% Sb. The unmined near-surface mineralization is open in several directions (See News Releases of June 13, 2007 and February 4, 2008). The permits also contain the historical Macchia Casella mine which reportedly produced over 1,100 tons of Sb metal from high-grade ore (greater than 10%) between 1939 and 1953. The I Salaioli, 366 Ha permit, contains a reported 35,000t grading 1.5% Sb historic Antimony resource. (See the Company's March 27th, 2007 news release.)
Historical resource estimates are 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 to provide a NI 43-101 compliant resource.
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.
Current World Antimony Resources Forecasted to be Exhausted in 8 Years. A recent infographic produced by the BBC of estimated reserves of the world's non-renewable resources forecasted currently identified reserves of antimony will be exhausted in eight years time. Please see the BBC infographic at http://adroitresources.ca/antimony/supply-demand/.
Adroit Resources President Graeme Rowland said: "We are very pleased that the environmental impact study has been completed and that it has been submitted for public approval. Faggio Scritto and Poggio Pietricci have a much larger historical resource than I Salaioli and our field work suggests that these could be greatly increased. We are eager to get the drilling started to produce NI 43-101 compliant resources and move forward to production as quickly as possible."
Adroit Resources Inc. is a mineral exploration company that is currently exploring for antimony, gold and silver in Central Italy and precious and base metals in the Timmins South/Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. The Company currently has 154,703,209 shares issued and outstanding.
On behalf of the Board of Directors,
Graeme Rowland, Chairman and President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Adroit Resources Inc.
(Corporate Advisor - Canada)
(Corporate Advisor - India)
Eternus Capital Consultancy Private Limited