| Announcement Date: | 2022-08-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Adventus Mining Corp. |
| Project name: | Rathkeale |
| Location: | Ireland |
| Commodities: | Silver,Lead,Zinc |
| Highlight: | Drilling results incl. 21m @ 2.35% Zn, 0.18% Pb, 3.46g/t Ag from 988m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, August 8, 2022 – Adventus Mining Corporation (“Adventus Mining”) (TSXV: ADZN) (OTCQX: ADVZF) is pleased to provide results from its maiden drill hole that is part of a 5,000-metre scout drilling program on the Rathkeale block in County Limerick of the Republic of Ireland. The program is designed to target the prospective base of Waulsortian equivalent limestone (“WRF”) for zinc-lead mineralization in specific areas with limited historical drilling in a favourable structural-stratigraphic setting for Irish-type zinc-lead deposits. Drilling is being completed under an earn-in agreement with a wholly owned subsidiary of South32 Limited (“South32”), which has a right to acquire a 70% interest in the Kingscourt, Rathkeale and Fermoy blocks that are 100% owned by Adventus Mining through its wholly owned subsidiary, Adventus Zinc Ireland Limited (“AZIL”). In order to maintain its right, South32 is required to fund EUR 3,500,000 in exploration on the three blocks over a four-year period with AZIL acting as operator during the earn-in period (see January 13, 2020, news release). First drill hole into this new target intersected numerous zones of zinc, lead and silver mineralization within a wide 209 metre section, from 830 to 1,039 metres, across the contact between Waulsortian equivalent limestones and a mafic igneous-related breccia |
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