Multi-Metal Development Ltd. announced that it has discovered along strike, several surface exposures of zinc-lead mineralization at its Bleiberg Property in Austria, similar to what has been historically mined. The new mineralization is exposed between 4 and 12 km beyond the end of the existing underground workings. The survey consisted of a series of traverses covering the area of the strike extension of the mineralization.

A portable x-ray spectrometer (Bruker S1 Titan) was used to analyze mineralization identified. Out of a total of 162 outcrop locations studied, 28 contained visible zinc-lead mineralization. Six readings were taken at each mineralized location and averaged to give an indication of the possible grade.

Results range from 0.41% to 8.24% zinc and 0.34% to 41.48% Pb. Note these results are considered indications only of grade not actual grade, as the spectrometer being used only scans the near surface of the outcrop. The Bleiberg property consists of 116 exploration licenses totaling 6,582.4 hectares that cover the western 8 kilometers of a historically defined mineralized zone, 130 kilometres southeast of the city of Salzburg, Austria.

It is a very well-known 700-year-old mine site with extensive data, numerous scientific publications, and over 1,150 km of underground workings with numerous shafts. The mine site covers a total strike length of over 20 km of which the first 12 kilometers have been mined historically. The project is close to railway and power lines and has all the infrastructure available.

The licenses being purchased are located at the western end of the mine complex where the most recent (1993) drilling was completed. The Bleiberg mine operated from the 1300's through to 1993, when it closed as part of a larger bankruptcy of a Austrian state-owned mining conglomerate. Historic production was about 500,000 tonnes per year, and it was one of the largest germanium producers in the world while it was in production.

Germanium is used by the semiconductor industry and in solar panels. Average mined grades were 5 to 6% zinc, 1 to 1.2% lead, and 150 to 200 parts per million (ppm) germanium. The deposit also averaged 10% Fluorite and 0.2% Cadmium.

Based on published estimates done by Cenry (1991) and Schroll (2006), Bleiberg has a geologic target of 13 to 50 million tonnes at grades similar to the average historic production grades.