viewZinc of Ireland NL

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.

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