Results from 2010 drilling program in Wrigley available
Heidelberg. Deutsche Rohstoff AG is pleased to announce results from the 2010 drilling program on the Canadian Wrigley property, carried out by Devonian Metals Inc., a partly owned subsidiary of Deutsche Rohstoff. The results of all 18 holes with together 4,800 meters, drilled in August and September 2010, are now available. The best intercepts include 16.47 % zinc/lead combined and 18.2 g/t of silver over 10 metres (D12-10-11) in the „12-zone“, 15.21 % zinc/lead and 27.2 g/t silver over 11 metres (D12-10-13) in the „36-zone“ and 12.24 % zinc/lead plus 29.5 g/t silver over 3 metres (DB-10-14) in the „12-zone“.
Drilling focused on three different mineralized zones and had the goal to drill to far greater depth (250-350 metres) than previous work, establishing the presence of significant ore mineralization. Best consistency was seen in the so-called 12 zone, Holes 11, 12, 14 and 16, where a coherent sulfide ore structure with very high grade intervals persists to depth. All zones remain open along strike and to depth. An update of the NI 43-101 resource is scheduled for the first quarter of 2011.
Ronald McIntyre, Chief Geologist and President of Devonian Metals said: “We are quite pleased with the results we received from 2010 drilling. There is a very good chance to substantially increase the tonnage of our NI 43-101 resource. “
The drilling program was carried out under a joint venture agreement with Glencore Canada, a 100% subsidiary of Glencore (International) AG, Switzerland. Glencore has agreed to spend up to 10 Million Canadian Dollars and will obtain 51% of the joint venture company after having spent the whole amount.
Glencore International AG (www.glencore.com), is a privately held company owned by its management and employees and headquartered in Baar, Switzerland , As part of its metals and minerals activities, Glencore owns and operates zinc and lead production facilities, in countries including Peru, Bolivia, Argentina, Kazakhstan and Italy.
Devonian Metals Inc. (www.devonianmetals.com) is a Junior Exploration Company based in New Westminster (British Columbia), Canada. Devonian owns 100% of the project rights for the Wrigley zinc-lead-silver-property in the Canadian North-West Territories. Main shareholder with 47,2 % is Deutsche Rohstoff AG of Heidelberg, Germany.
Deutsche Rohstoff AG (www.rohstoff.de), listed in the German Entry Standard, is establishing a new primary producer. The company’s focus is placed on gold, oil/gas and so called high tech metals such as indium, gallium, rare earth metals, cobalt. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits which have been well explored in the past. Production start is scheduled for 2010. For further information please visit www.rohstoff.de
Heidelberg, December 08th, 2010
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 26, 69117 Heidelberg
Tel: 06221/652 4730
Koppelstätter Kommunikation GmbH
Friedrichstraße 2, 76530 Baden-Baden
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