VANCOUVER, May 15, 2014 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney"
or the "Company") (TSXV: RTH) is pleased to announce that Robert Konski
has been appointed President and CEO, and as a Director of the Company.
With a career spanning over 25 years, Mr. Konski has experience as an
executive and as a strategic advisor to management of public and
private companies and governments in Poland and North America. He has
overseen energy and infrastructure projects as well as diverse
financial services, including restructuring activities. His
educational background includes degrees in International Relations
(B.A.-Tufts University) and Public Administration (M.P.A.-JFK School of
Government at Harvard University).
Mr. Konski is based in Poland. He joined Rathdowney in mid-2012 as
Director of Government Affairs, and in early 2014, became President of
Company's wholly-owned subsidiary, Rathdowney Polska (see Rathdowney's
January 14, 2014 news release for additional details).
In his new role, Mr. Konski will be responsible for managing all aspects
of the Company's affairs, including corporate strategy, financial and
business management, asset development, stakeholder relationships and
day-to-day operations. Mr. Konski's immediate focus will be directed
toward Rathdowney's flagship Olza Zinc-Lead-Silver Project, leading the
Poland-based team to advance project planning and permitting.
"We are very fortunate to have someone of Robert's calibre, knowledge
and experience to lead Rathdowney," said Rathdowney Chairman David
Copeland. "Robert's background in the private and public sectors in
Poland, coupled with his experience in the government affairs and
finance will be invaluable to the Company as we progress with our Phase
II activities at Project Olza."
"I have been working with the Rathdowney team since mid-2012 and
experienced their commitment to responsible mineral development," said
Mr. Konski. "I am excited about the potential of Project Olza and the
opportunity to bring the responsible mineral development approach to a
new economic development in Poland. I am humbled and excited to be
working in a region where mining has been going on for so many
centuries."
About Rathdowney
Rathdowney Resources Ltd. is an exploration and development company
focused on advancing the Olza zinc-lead-silver project in Poland
through permitting and into production. Rathdowney is associated with
Hunter Dickinson Inc. ("HDI") a diversified, global mine development
company with a 25-year history of mineral development success.
About Project Olza
Project Olza is located in the Upper Silesian Mining District of
southwestern Poland, a world-class region of Mississippi Valley-type
deposits with well-developed mining infrastructure. Easily accessible
by road, the Olza project site is a one-hour drive from Krakow, a major
city with full services, including an international airport. The
deposits at Olza are along strike from the long-life Pomorzany
zinc-lead mine and 30 km from the ZGH zinc smelter at Boleslaw. A
railway line to the smelter runs through the Olza project-area.
Since 2010, Rathdowney has invested some $16.8 million at Olza. The
Company's Phase I confirmatory drilling program built on the extensive
historical drill database assembled by the Polish State Survey to
delimit 21.2 million tonnes of inferred mineral resources, grading
7.42% combined zinc and lead1, with excellent potential for resource expansion. Work by Rathdowney
also indicates significant silver concentrations in the Olza
mineralization. These mineral resources provide the foundation for
engineering, environmental baseline and other technical studies
necessary for project planning and permitting.
For further details on Rathdowney and Project Olza, please visit the
Company's website:
www.rathdowneyresources.com.
On behalf of the Board of Directors
David J. Copeland
Chairman
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.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the Company
expects, are forward looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Assumptions used by the
Company to develop forward-looking statements include the following:
the Olza project will obtain all required environmental and other
permits and all land use and other licenses, studies and development of
the Olza project will continue to be positive, and no geological or
technical problems will occur. Factors that could cause actual results
to differ materially from those in forward-looking statements include
market prices, potential environmental issues or liabilities associated
with exploration, development and mining activities, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary permits, licenses and title
and delays due to third party opposition, changes in government
policies regarding mining and natural resource exploration and
exploitation, continued availability of capital and financing, and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially
from those projected in the forward-looking statements. For more
information on the Company, investors should review the Company's
continuous disclosure filings that are available at www.sedar.com.
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1 Estimated at a 2.0% zinc cutoff; individual grades are 5.88% zinc and
1.54% lead (see Rathdowney News Release dated September 11, 2012).
Silver was not analysed during historical drilling so was not included
in the estimate.
SOURCE Rathdowney Resources Ltd.
