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.