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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | McGregor | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 6/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2017: Zinc of Ireland NL announces an Exploration/Drilling Update report for its McGregor deposit at the Kildare project. Drilling results incl. 27.65m @ 12.7% Zn, 0.8% Pb from 471.75m. European base metals explorer Zinc of Ireland NL (ASX: ZMI – “ZM | |
| Resources: | (Resource, Inf.): 5.2Mt @ 7.2% Zn, 1.4% Pb contained at project | |
| CP/QP: | [Overall Report]: Benjamin Sharp (Internal) | |
| ABSTRACT: | European base metals explorer Zinc of Ireland NL (ASX: ZMI – “ZMI” or “the Company”) is pleased to advise that it has received assay results from recently completed diamond drill hole Z_4069_003, which confirm a spectacular intersection of high-grade zinc mineralisation at the Base of Reef target at the McGregor prospect, part of its 100%-owned Kildare MVT Zinc Project in Ireland (Figure 1). Two further holes have been completed approximately 1km to the west of MgGregor. Z_4069_004 discovered anothersignificant mineralised structure along the western margin of the Allenwood Graben. This discovery confirms ZMI’s geological model, and opens-up the western side of the Kildare Project area by highlighting the potential for mineralisation to be developed at the Base of Reef adjacent to this major fault. “It’s always exciting to be able to deliver a spectacular drilling result such as this, but the latest round of drilling has also delivered a host of other invaluable geological and technical information. Together with our recently published maiden JORC Resource, this has laid the foundation for an exciting period of exploration going forward. “Our geological interpretation is holding true, and we now need to take stock of what we’ve learned and carefully plan what comes next, but we certainly feel like we are deciphering the code at McGregor as we move ahead with the next exciting phase of this exploration campaign,” he added. | |
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