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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | McGregor | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 10/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2017: Zinc of Ireland NL announces an Exploration/Drilling Update report for its McGregor deposit at the Kildare project. Drilling results incl. 13.15m @ 9.71% Zn, 0.58% Pb from 418.68m. European base metals explorer Zinc of Ireland NL (ASX: ZMI – “ | |
| 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 – “ZMI” or “the Company”) is pleased to report that diamond drill hole Z_4069_008, completed as part of the ongoing Phase 3 program at its 100%-owned Kildare MVT Zinc Project in Ireland (Figure 1), has returned an outstanding thick, high-grade zinc intercept. The continuity of thick, high-grade mineralisation between these two holes, and adjacent to historical drill holes, is expected to have a positive impact on the tonnes and grade of the ZMI’s recently published maiden JORC Inferred Resource of 5.2Mt @ 8.6% Zn+Pb. The Phase 3 diamond program at Kildare continues with the two rigs currently operating at the recently discovered Celtic Tiger prospect (Figure 1), where recent drilling has indicated the presence of shallower mineralisation stepping up away from the McGregor prospect towards the edge of the Allenwood Graben. The Phase 3 drilling program is a multi-pronged strategy at the Company’s Kildare Zinc Project in Ireland, designed to expand the McGregor Resource, and identify potential new areas for resource growth within the shadow of the headframe (Figure 1). ZMI has identified two previously untested target areas adjacent to the known mineralisation at McGregor (Figure 2) that are considered favourable for expansion of the base of reef mineralisation. Assay results have been received for Z_4069_008, which was designed to test the continuation of base-of reef mineralisation in Target Area A (Fig 2). The thick, high-grade intercept comprises a true thickness of 11.15m grading 10.3% combined zinc and lead, and confirms that massive sulphide mineralisation along the base of reef horizon extends for more than 100m along strike across the target area. | |
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