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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | McGregor | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 7/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Zinc of Ireland NL announces an Exploration/Drilling Update report for its McGregor deposit at the Kildare project. Drilling results incl. 2.85m @ 20.2% Zn, 0.88% Pb from 193.90m. European base metals explorer Zinc of Ireland NL (ASX: ZMI – “ZM | |
| 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 advise that it has discovered significant new high-grade zinc mineralisation across multiple zones at the Celtic Tiger prospect, part of its 100%-owned Kildare MVT Zinc Project in Ireland (Figure 1). Assay results from recently completed diamond drill hole Z_4069_004 have confirmed the presence of zinc mineralisation across four zones, including a best result of 2.85m @ 20.2% Zn + 0.88% Pb from 193.9m, opening up an exciting new area for follow-up exploration well outside the project’s existing resource inventory. Diamond drill hole Z_4069_004 was designed to test the western margin of ZMI’s recently interpreted Allenwood Graben, a prospective structural setting overlooked by past explorers. The Celtic Tiger prospect constitutes a previously untested area approximately 1km to the west of the McGregor prospect, which hosts the majority of ZMI’s recently published maiden JORC Resource of 5.2Mt @ 8.6% Zn+Pb. The Celtic Tiger prospect was targeted following ZMI’s reinterpretation of the structural framework of the Kildare district and the recognition of the Allenwood Graben. The model implies that there is a fault network running along the western margin of the Allenwood Beds and the Waulsortian Reef in this area (Figure 2), making it a highly favourable setting for structurally controlled zinc mineralisation. “It’s hard not to emphasise the significance of these results. Achieving an intersection grading twenty percent zinc over a three-metre thickness in a new area is highly encouraging in light of our rationale for targeting there, and we now have an exciting new prospect in close proximity to the McGregor Resource offering considerable leverage to the upside | |
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