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Zinc of Ireland NL

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Summary

Project:

Kildare

Deposit:Kildare
Location:Ireland
Commodities:Zinc-Lead
Date:8/29/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:29-8-2019: Zinc of Ireland NL announces an Exploration/Drilling Update report for its Kildare deposit at the Kildare project. Drilling results incl. 37m @ 5.5% Zn, 0.5% Pb from 391m. 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]: Sean Hasson (Internal)
ABSTRACT:Zinc of Ireland NL (ASX: ZMI) (“ZMI” or the “Company”) is pleased to announce that diamond drill hole HZDD004 intersected 6m @ 12.5% Zn+Pb (11.7% Zn, 0.8% Pb) from 401m downhole depth and 10m @ 9.1% Zn+Pb (8.2% Zn, 0.9% Pb) from 418m downhole depth at the base of Waulsortian Reef position (using a 5.5% ZnEq cut-off, 4m minimum intersection width and 4m maximum internal dilution). The higher grade intersections were contained within a larger mineralised zone of 37m @ 6% Zn+Pb (5.5% Zn, 0.5% Pb) from 391m, and using a 4% ZnEq cut-off, 4m minimum intersection width and 6m maximum internal dilution), indicating good potential for additional Zn mineralisation within Fault Compartment 3 (“FC-3”) which lies approximately 250m east from the McGregor zone and 200m south west from the Shamrock zone. FC-3 has a surficial area of 106,000m2 . By way of comparison, the fault compartments which host the McGregor and Shamrock components of the Resource (in total, 9Mt @ 9.5% Zn+Pb) are approximately 163,000m2 and 127,000m2 respectively.

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