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Zinc of Ireland reveals maiden zinc, lead resource at Kildare

Zinc prices are forecast to rise over the coming decade.
Zinc of Ireland reveals maiden zinc, lead resource at Kildare
A 3,000-metre drilling program is ongoing

Zinc of Ireland NL (ASX:ZMI) has revealed a maiden JORC 2012 resource estimate for its flagship Kildare MVT Zinc Project, located 40 kilometres southwest of Dublin in Central Ireland.

The project contains 5.2 million tonnes at an average grade of 8.6% combined zinc+lead (7.2% zinc and 1.4% lead) for 374,400 tonnes of contained zinc and 72,800 tonnes of contained lead.

The resource estimate provides a strong foundation for the company’s continuing exploration and resource development activities at the Kildare Project.

A pivotal 3,000 metre 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.

The Kildare resource is located in a world-renowned Mississippi Valley-type (MVT) district in an area which has excellent infrastructure and access to services and a skilled workforce.

These positive attributes add to the fact that Zinc of Ireland has already secured an option over the former Galmoy processing plant, located 60 kilometres along strike.

The 650,000 tonnes per annum Galmoy lead-zinc processing plant is a potential key infrastructure item for the Kildare Project development.

Zinc of Ireland is well placed to fast-track the project to take advantage of forecast strong zinc market conditions over the coming decade.

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October 28 2016
August 26 2016

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