Proactive Investors - Run By Investors For Investors

Ironbark Zinc and Glencore subsidiary begin exploration at Captains Flat base metals project

Historical drilling has returned high-grade copper and zinc drill intercepts over numerous prospects at Captains Flat.
The historical Lake George Mine at Captains Flat
The historical Lake George Mine at Captains Flat

Ironbark Zinc Ltd (ASX:IBG) has commenced exploration at the Captains Flat base metals project in New South Wales.

A HeliSAM electromagnetic (EM) survey has commenced over the proven large-scale Jerangle Prospect at Captains Flat.

This work has been financed in advance jointly by Ironbark and New South Wales Base Metals (NSW BM – a subsidiary of Glencore) on a 50:50 basis (which is the same as the ownership).

Importantly, this program will provide the first large-scale modern geophysical survey over the Captains Flat project area.

READ: Ironbark Zinc to fund Citronen Zinc Project development with $2 million placement

It is worth noting that historical drilling has returned high-grade copper and zinc drill intercepts over numerous prospects at Captains Flat.

Drilling by Ironbark also returned high-grade base metal results that warrant follow-up. Some of the identified targets that warrant follow up include:

Jerangle

The Jerangle Prospect is at the southern end of the project area and drilling over a strike length of 1.5 kilometres has returned drill intercepts assaying up to 5.25% copper.

Recent drilling has returned results including 4.4 metres at 12.05% zinc and 5 metres at 4.6% zinc+lead, 0.13% copper and 4.2 g/t silver.

Lake George Mine

The high-grade Lake George Mine produced about 4 million tonnes of ore at 10% zinc, 6% lead, 0.7% copper, 1.8 g/t gold and 55 g/t silver and remains prospective for remnant ore at current base metal prices.

Mineralisation is open at depth and may represent possible repeats of the historically mined areas.

Vanderbilt Hill

The Vanderbilt Hill prospect is situated east of the Lake George Mine and drilling has returned results such as 3.9 metres at 10% zinc, 5.3% lead.

The prospect is considered to be highly prospective with open ended historical high-grade drill results yet to be followed up.

Anembo Prospect

The Anembo Prospect is 12 kilometres north of the Jerangle prospect. Historical drilling returned 3 metres at 6.9% zinc, 5.5% lead, 21 g/t silver and 2 g/t gold which has not been followed up.

View full IBG profile View Profile

Ironbark Zinc Ltd Timeline

Related Articles

Copper Blow project on an Australian map
February 07 2019
Exploration is ongoing at Copper Blow where the company aims to establish a resource.
A Western Australian map showing company projects
Tue
Geologist and finance professional Ian Stuart became the company’s chairman last month.
1544464595_newrange-gold---lamdscape.jpg
December 11 2018
Located in the Walker Lane mineral belt of Nevada, Pamlico enjoys excellent access, infrastructure, a mild, year-round operating climate

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use