ADT

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

Adroit Resources Inc. (TSXV:ADT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Adroit Resources Inc. (TSXV:ADT)
Historical Stock Chart
From Jul 2023 to Jul 2024