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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | Fault Compartment 3 | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 1/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Zinc of Ireland NL announces an Exploration/Drilling Update report for its Fault Compartment 3 deposit at the Kildare project. Drilling results incl. 55m @ 2.26% Zn, 0.52% Pb from 447m. Zinc of Ireland NL (ASX: ZMI) (“ZMI” or the “Company”) is | |
| Resources: | (Resource, Total): 9Mt @ 9.5% Zn+Pb at project | |
| CP/QP: | [Overall Report]: David Blaney (BRG Ltd.) | |
| ABSTRACT: | Zinc of Ireland NL (ASX: ZMI) (“ZMI” or the “Company”) is pleased to announce that the last two holes in its 2019 diamond drilling campaign have returned positive results, concluding a successful drilling campaign. Shallower mineralisation within FC-3 has been observed elsewhere in the Company’s FC-3 drilling campaign. This upper Waulsortian Reef zinc mineralisation represents an additional exploration target, as significant zinc-lead mineralisation occurs in this stratigraphic position at McGregor and Shamrock. The FC-3 drilling campaign consistently intersected broad zones of zinc-lead mineralisation within which occurred a number of higher grade zones and has confirmed the presence of a significant mineralised system with the potential for significant additional resources. The results of HZDD011 and HZDD012 and the five previously reported FC-3 drill holes have expanded the areal extent of the newly discovered FC-3 mineralisation to a surface area of approximately 250m by 500m. The FC-3 drilling has been undertaken at a nominal spacing of approximately 80m. Within FC-3, the presence of multiple zones of higher-grade mineralisation, as well as significant widths of lower-grade mineralisation, over a significant surface area augurs well for future resource growth. | |
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