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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | Kildare | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 9/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2019: Zinc of Ireland NL announces an Exploration/Drilling Update report for its Kildare deposit at the Kildare project. Drilling results incl. 20m @ 6.9% Zn, 1.0% Pb from 385m. Zinc of Ireland NL (ASX: ZMI) (“ZMI” or the “Company”) is pleased to ann | |
| 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 diamond drill hole HZDD005 has intersected high-grade zinc mineralisation, returning 5m @ 15.07% Zn + Pb (13.71% Zn, 1.36% Pb) from 391m to 396m and 2m @ 23.13% Zn + Pb (17.63% Zn, 5.50%Pb) from 400m to 402m (based on a strict 5.5% ZnEq cut-off), at the base of Waulsortian Reef position. As was also the case in previous drill hole HZDD004, these two high grade intersections lie within a broader interval of 20m @ 7.9% Zn + Pb (6.9% Zn, 1.0% Pb) between 385m and 405m (based on the current standard intersection cut off algorithm of 5.5% ZnEq, 4m minimum intersection width and 4m maximum continuous internal dilution), which continues to confirm that a volumetrically significant mineralised system has been intersected. These latest results are particularly exciting, as the high-grade mineralisation in FC-3 is now extended over approximately 150m north-south, whilst remaining open in all directions. There is also the potential that the zinc-lead mineralisation intersected in FC-3 connects the currently defined McGregor and Shamrock resources. FC-3 demonstrates the potential to host a volumetrically significant zone of high-grade mineralisation, as seen nearby at Shamrock and McGregor, which are located to the east and west of FC-3 respectively, and host resources of 9Mt @ 9.5% Zn + Pb (based on a 5.5% ZnEq cut off). | |
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