The Company controls the largest ground position in Ireland, consisting of 99 prospecting licenses covering 3,200 square kilometres across four project areas. Across the individual project areas, the Company has sought to acquire dominant land positions that offer superior brownfield exploration potential.
Location Map Showing the Company’s Projects in Ireland
The properties are located within the established Irish Zinc District and are near or adjacent to major historic mines or deposits. The Irish Zinc District has been a major source of zinc production since the 1960s and is currently home to some of Europe’s largest zinc projects including the Navan (Tara) Zinc-Lead mine (Boliden), the Pallas Green deposit (Glencore) and the past producing Lisheen mine (Vedanta) and Galmoy mine (Lundin Mining).
The district is known for carbonate hosted zinc-lead deposits, also known as Irish-type zinc deposits. The four project areas controlled by the Company all are considered highly prospective for economic Irish-type zinc lead deposits.
|Number of PL's||11||6||24||34||15|
|Area (sq km)||312||184||808.5||1,055.1||512.4|
|Resource Size||7.7mt @ 7.3% Zn+Pb1||-||-||-||-|
|Key Prospects||Ballinalack||Stonepark North,
|Historic Drilling||93,350m||57,742m||approx 46,100m||approx 38,400m||approx 14,000m|
|(incl drilling by Teck)||29,400m||54,767m||-||-||-|
|Seismic surveys||63 line kms||18 line kms||-||-||-|
|Total sunk costs||Over C$30m||Approx C$8.9m||-||-||-|
|Top 3 Intersections||B59: 45.6m @ 16.0% Zn+Pb||TC-2638-045: 7.5m @ 27.8% Zn+Pb||NX-11: 7.3m @16.0% Zn+Pb||-||-|
|-||B57: 24.4m @ 19.7% Zn+Pb||TC-2638-026: 7.2m @ 15.3% Zn+Pb||NX-14: 2.1m @ 10.7% Zn+Pb||-||-|
|-||B58: 24.4m @ 18.1% Zn+Pb||TC-2638-053: 6.9m @ 14.2% Zn+Pb||NX-8A: 2.0m @ 10.7% Zn+Pb||-||-|
1 The historical estimate at the Ballinalack Project is set out in a report prepared by the Robertson Group plc (“Robertson”) in 1991. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before this historical estimate can be classified as a current resource. A qualified person has not yet undertaken sufficient work to classify this historical estimate as a current resource and the Company is not treating the historical estimate as a current resource.
Scientific and technical information in set out in this website has been approved by John Barry, who is a Qualified Person for the purposes of National Instrument 43-101 and who is the Vice President, Exploration Strategy of the Company