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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | Allenwood West, Celtic Tiger | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 10/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2018: Zinc of Ireland NL announces an Exploration/Drilling Update report for its Allenwood West, Celtic Tiger deposit at the Kildare project. Drilling results incl. 7.9m @ 5.7% Zn+Pb from 185.0m. European base metals explorer Zinc of Ireland NL (ASX | |
| Resources: | (Resource, Inf.) 5.2Mt @ 8.6% Zn + Pb at project | |
| CP/QP: | [Overall Report]: Peter van der Borgh (Internal) | |
| ABSTRACT: | European base metals explorer Zinc of Ireland NL (ASX: ZMI) (ìZMIî or ìCompanyî) is pleased to advise that recent Phase 4 drilling at its 100%-owned Kildare Zinc Project in Ireland has identified a significant new high- grade zinc position at Allenwood West and has also extended the scope of the zinc and lead discovery at Celtic Tiger. ZMIís Phase 4 Drilling program is part of an ongoing strategy to expand the current JORC Inferred Resource of 5.2Mt @ 8.6% Zn+Pb by targeting new ore positions and extensions to existing ore positions, as displayed in Figure 1. The results from both Allenwood West and Celtic Tiger have exciting implications as each of these results open up growth opportunities for ZMI well outside the Projectís current Resource inventory. The Allenwood Corridor has not previously been explored by ZMI, so the presence of high-grade zinc at Allenwood West (1.45m @10.5% Zn+Pb from 160.1m & 2.6m @ 9.3% Zn+Pb from 171.9m in Z_3846_003, down hole lengths, true widths unknown) is particularly exciting. Allenwood West is located ~650m from the main resource at McGregor. Refer to Appendix 1 for details of the individual drill hole sample intervals and grades. The presence of high-grade zinc at Allenwood West transforms the outlook for the Kildare Project as a whole by significantly upgrading the Allenwood Corridor as a domain for additional discovery and resource inventory growth. With the historical focus having been on the McGregor and Shamrock deposits, the Kildare Project remains open to new and significant discoveries in line with the Irish-Type Zinc model as characterised by the Lisheen and Galmoy mines located to the south west of the Project. | |
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