Ironbark Zinc Ltd (ASX:IBG) non-executive director Danny Segman continues to show his confidence in the company with the purchase of shares in an on-market transaction.
Segman acquired 7 million shares worth $49,269.50 on March 12.
Citronen 'a rare scale project'
The company is confident its 100%-owned Citronen Zinc-Lead Project in Greenland offers a rare scale and grade combination with a long mining life in a unique jurisdiction – and plans to make the most of it.
The company considers Citronen the ‘jewel in the crown’ because the project has a 30-year mining lease and has 18 million tonnes at 8.24% zinc and lead% with 14 million tonnes in measured and indicated resources.
The high-grade zone is within a significantly larger resource of 132 million tonnes at 4.5% zinc and lead% with potential for further regional exploration.
Previous diamond drilling by the company over 67 kilometres resulted in 73% of holes hitting a minimum of 2 metres at 3.5% zinc - and many geophysical and structural targets remain untested.