leadf
logo-loader
viewZinc of Ireland NL
(
ASX:ZMI
)

Zinc of Ireland intersects high-grade zinc outside resources at Kildare project

The focus of the Fault Compartment 3 drilling is to determine the lateral extent and continuity of mineralisation to allow for inclusion into any future resource upgrade.

Zinc of Ireland NL - Zinc of Ireland NL intersects high-grade zinc mineralisation outside current resources at Kildare Zinc Project
Two drill rigs are currently undertaking follow-up drilling in FC-3

Zinc of Ireland NL (ASX:ZMI) has intersected high-grade zinc mineralisation outside current resources at the Kildare Zinc Project near Dublin, Ireland.

Hole HZDD005 intersected multiple zones of high-grade zinc mineralisation, including 2 metres at 23.1% zinc plus lead (17.6% zinc, 5.5% lead) from 400 metres within a larger zone of 20 metres at  7.9% zinc plus lead (6.9% zinc, 1.0% lead) from 385 metres.

This hole also returned 5 metres at 15.1% zinc plus lead (13.7% zinc, 1.4% lead) from 391 metres and 3 metres at 9.85% zinc plus lead (7.95% zinc, 1.9% lead) from 440 metres.

These intersections are from the base of Waulsortian Reef position and continue to confirm that a volumetrically ‘significant’ mineralised system has been intersected.

FC-3 is extended

ZMI considers these results to be "particularly exciting", as the high-grade mineralisation in Fault Compartment 3 (FC-3) is now extended over about 150 metres north-south, whilst remaining open in all directions.

There is also the potential that the zinc-lead mineralisation intersected in FC-3 connects the currently defined McGregor and Shamrock resources.

Following these results, the company is accelerating its drill testing and now has two diamond drill rigs operating on FC-3.

Focus on adding to inventory

Executive director Patrick Corr said: “The last two drill holes, both in our high-priority FC-3, augur very well for the immediate resource growth potential of the Kildare Zinc Project.

“High-grade zinc-lead mineralisation in FC-3 occurs in the same stratigraphic and structural locations as encountered at McGregor and Shamrock and has the capacity to host significant zinc-lead mineralisation.

“This is our focus – adding to our already significant resource inventory.

“There are two diamond drill rigs on site both testing for further extensions of the high-grade mineralisation in FC-3.”

FC-3 ranks as the highest priority fault compartment within the Allenwood Graben and until now there has only been a single rig in operation in FC-3 but with the success of the last two holes, the company is accelerating its drilling testing of FC-3.

The two diamond drill rigs are targeting extensions of the mineralisation seen in holes HZDD004 and HZDD005.

Quick facts: Zinc of Ireland NL

Follow
ASX:ZMI

Price: 0.05 AUD

Market Cap: $7.69 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Base Resources highlights enhanced DFS for Toliara project in Madagascar

Base Resources Ltd's Kevin Balloch talks Proactive through an enhanced definitive feasibility study on its Toliara project in Madagascar. It's revealed a post-tax/pre-debt net present value of US$1bn and a 3.5 average revenue to cost of sales ratio over an initial 38-year mine life. Life-of-mine...

1 hour, 54 minutes ago

2 min read