Australia's ZMI hits 'high-grade' zinc in Kildare
An Australian-listed exploration company has encountered "thick, high-grade zinc mineralisation" while drilling for the mineral in Kildare.
Perth-based Zinc of Ireland (ZMI) is the latest exploration company to look to have had some success in a bid to uncover a new Tara mine, the huge Co Meath zinc deposit that saw Ireland become one of the world's biggest exporters of the mineral.
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Exploration drilling continues within the Allenwood Graben, with two diamond drill rigs at the company's McGregor and Shamrock prospects.
The latest drilling results showed one 400m hole intersecting six metres at 12.5pc zinc and lead, while another 418m hole intersected 10 metres at 9.1pc zinc and lead.
Industry experts described the results as "promising".
Last month, ZMI said that it had increased its estimate of lead and zinc at its Allenwood, Co Kildare prospect to 860,000 tonnes, and that multiple zones of mineralisation had been indicated from near-surface to a depth of 500m.
The company said that it was focused on exploring the Allenwood Graben Zn Project, which is part of a larger Kildare group of prospecting licences. Approximately 68,000m of diamond drilling has been completed within the Allenwood Graben to date, and the majority of that drilling has been completed within the McGregor and Shamrock prospects area.
"The project is at an early stage of development, however, the framework for environmental base line studies has been developed and is being put into action by ZMI management and their consultants," the company said in a report. "The region has a long history of mining of lead-zinc mineralisation, and ZMI is well aware of the steps required to develop and permit a mining operation in Ireland."
Sunday Indo Business