 | | 
 |   Wed Mar 19, 2008
Drill Hole Confirms High-Grade Zinc Sulfide Minerals at the Hampton Prospect - Livingston County, Kentucky, USA
|
| | Hamilton, Bermuda, March 19, 2008: Resource Finance & Investment Limited ("RFI") symbol OTC: RFIVF.PK is pleased to report results received from the initial drill core on the Hampton property located in Livingston County, Kentucky, USA. The drilling is part of the Shawnee Project zinc and fluorspar exploration program and is being conducted by Dynamex Resources Corporation, a wholly-owned subsidiary.
Core hole DXHR-1 encountered thick and high-grade bedded zinc sulfide deposits at depths of 172 meters to 197 meters (25 meters true thickness) that contained an average of 11.2% zinc. There are two higher-grade bedded units within this interval, consisting of 12.1 meters of 12.6% zinc and 8.0 meters of 15.6% zinc. This hole is located within a partly-drilled historic zinc resource that was calculated by a prior operator at 389,225 tons containing 14% zinc. Dynamex controls this resource together with additional acreage which total 3,406.95 acres.
Work is being undertaken under the direction of Boyce Moodie, III, a Professional Geologist in Kentucky and Jay Gatten, a Professional Geologist in Utah. Jay Gatten notes: "This first drill hole confirms the reported thickness and grade of a large bedded (replacement) zinc resource on the Hampton property. This property is approximately 616.8 hectares (1524 acres) in size. A mineralized vein and dike system trend almost due north the full length of the property, a distance of more than 2700 meters. Past drilling has identified significant zinc and fluorspar resources throughout the length of this system, presenting several excellent exploration and mine development targets. This drill hole confirms the thickness and grade of a portion of the zinc resource and enhances the value and potential of the property".
The core was cut and sampled under the direction of Boyce Moodie, III and then sealed and shipped via courier to ACME Labs in Vancouver, BC. ACME Lab's quality system complies with the requirements of the International Standards ISO 9001:2000 and ISP 17025: 1995. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Finally, representative blind duplicate and blank core samples are forwarded to ACME for additional analyses.
Resource Finance and Investment Ltd. (RFI) is a Bermudian company which operates as an early stage strategic investor in natural resource based opportunities. RFI primarily invests in controlled natural resource projects that have the potential to add significant value with the expenditure of early to mid stage capital. RFI's owns approximately 42% of the issued capital of the Australian publicly listed company Industrial Minerals Corporation Ltd (IDM:ASX) and 100% of Dynamex Resources Corporation.
End
For further information contact:
In North America:
Steven Blacklock, CFO
Resource Finance and Investment Ltd
Tel: +1 503-803-7332
Fax: +1 503-241-6145
Email: info@resource-finance.com
In Bermuda:
Sharmaine Berkeley
Resource Finance and Investment Ltd.
Tel: +1 441 295 8313
Fax: +1 441 292 1373
Legal Notice Regarding Forward Looking Statement
This press release contains "forward looking statements" including forward looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Statements in this press release that are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements regarding the Corporation's anticipation that the Mineral Claims will prove to be economically viable on a going forward basis, and the Company's anticipation that it can successfully raise the capital necessary to acquire and exploit the Mineral Claims, with or without an equity offering. It is important to note that the Corporation's actual outcomes may differ materially from those in forward-looking statements contained in this press release. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the Company's public filings with the Securities and Exchange Commission. |
| |
| You can view the Next News Releases item: Tue Jun 3, 2008, Industrial Minerals places orders for long lead time plant and equipment for the Oregon mineral sands project.
You can view the Previous News Releases item: Wed Mar 19, 2008, Industrial Minerals affirms no further appeal on mineral sands project
You can return to the main News Releases page, or press the Back button on your browser.
|
|
 |
|
