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Zinc of Ireland NL
Summary
| Project: | Kildare | |
|---|---|---|
| Deposit: | Shamrock, McGregor | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 6/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-6-2017: Zinc of Ireland NL announces a Resource Estimation report for its Shamrock, McGregor deposit at the Kildare project. Initial Resource Estimate for project. European base metals explorer Zinc of Ireland NL is pleased to announce that it has compl | |
| Resources: | (Resource, Inf.): 5.2Mt @ 7.2% Zn, 1.4Pb at Shamrock and McGregor | |
| CP/QP: | [Resources]: Al Maynard, Phil Jones (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | European base metals explorer Zinc of Ireland NL is pleased to announce that it has completed a maiden JORC 2012 compliant Mineral Resource estimate for its flagship 100%-owned Kildare MVT Zinc Project, located 40km south-west of Dublin in Central Ireland (Figure 1). The maiden Global Inferred Mineral Resource Estimate (MRE), which has been independently estimated by geological consultants Al Maynard & Associates (AM&A), comprises approximately 5.2 million tonnes at an average grade of 8.6% combined Zn+Pb (7.2% Zn and 1.4% Pb) for 374,400 tonnes of contained zinc and 72,800 tonnes of contained lead based on a cut-off grade of 5% combined Zn+Pb for fresh and 6% combined Zn+Pb for weathered mineralisation. The initial MRE, which encompasses the McGregor and Shamrock prospects, has been based on the extensive database of historical drilling information, together with generations of geological mapping and geophysical surveys, which has been exhaustively reviewed, verified and collated by ZMI over the past six months. The MRE provides a strong foundation for ZMIís continuing exploration and resource development activities at the Kildare Project, where a pivotal 3,000m diamond drilling program is continuing to test multiple targets, including extensions of mineralisation at the Shamrock and McGregor Prospects. A recently completed hole intersected a thick zone of massive sulphides at the McGregor Prospect, demonstrating significant mineralisation at this deposit. An exploration hole is currently underway ~1km to the west of McGregor. | |
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