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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | McGregor | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 11/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2018: Zinc of Ireland NL announces an Exploration/Drilling Update report for its McGregor deposit at the Kildare project. Drilling results incl. 23.2m @ 14.71% Zn, 2.93% Pb from 458.4m. Zinc of Ireland NL (ASX: ZMI ñ ìZMIî or ìthe Companyî) is pleas | |
| Resources: | (Resource, Inf.) 5.2Mt @ 8.6% Zn + Pb at project | |
| CP/QP: | [Overall Report]: Peter van der Borgh (Internal) | |
| ABSTRACT: | Zinc of Ireland NL (ASX: ZMI ñ ìZMIî or ìthe Companyî) is pleased to report that diamond drill hole Z_4069_027 (027) has returned an outstanding thick, high-grade zinc intercept comprising 23.2m @ 14.71% Zn and 2.93% Pb from 458.4m. This equates to a calculated true thickness of 20m @ 17.64% combined zinc and lead from 390.44m depth. Hole 027 is the first hole drilled in the immediate vicinity of the McGregor Resource as part of the ongoing Phase 4 drilling program at ZMIís 100%-owned Kildare Zinc Project in Ireland. The intercept in hole 027 is located within the northern portion of the McGregor deposit (Figure 1) and was drilled principally to obtain a representative mineralised sample for confirmatory metallurgical test work and to confirm the thickness and tenor of mineralisation intersected in adjacent historical drill holes. Confirmation of thick high-grade mineralisation adjacent to similarly well-mineralised historical holes provides additional confidence in the historical data set and the metallurgical data from planned test work will provide key information for inclusion in assessing development scenarios. ZMIís Executive Director, Patrick Corr said ìthe thickness and super high grade of this intercept is yet another reminder of why we rate this project so highly. The continuity and the fantastic grades of the McGregor deposit continue to be reinforced by ZMIís own drilling. This provides us with great confidence as we continue with the extensional component of the drilling campaign into the new year. ìMetallurgical test work will be undertaken using the samples from this latest hole. And with the focus at Kildare shifting towards development scenarios, this is an important step for us.î 2 Zincofireland.com ACN: 124 140 889 Background ñ Drilling Program The Phase-4 drilling program was designed to discover new ore positions proximal to McGregor and also to expand the existing Resource. So far, the Phase-4 drilling has been focused on finding new ore positions and growing areas where there are no established resources. The majority of the drilling had been undertaken in the Allenwood Corridor, McGregor northwest and on the Western Platform where encouraging observations were made and high-grade zinc encountered. | |
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