Base Metals: Zinc of Ireland could have a resource upgrade on the cards
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Zinc of Ireland (ASX:ZMI) could be on the cusp of adding more tonnes to the resource at its Kildare project in the lucky country after hitting more zinc and lead.
The latest drilling in Ireland struck multiple zones of zinc mineralisation within the Fault Compartment 3 (FC-3) prospect, with top results of 4m at 9.21 per cent zinc and 1.82 per cent lead from 464m and 5m at 4.03 per cent zinc and 2.36 per cent lead from 447m in the same hole.
Zinc of Ireland said the new results had defined mineralisation at FC-3 over a 125,000sqm area and could contribute to the current Kildare inventory of 9 million tonnes grading 9.5 per cent zinc and lead.
The company also noted that drilling had hinted that the FC-3, McGregor and Shamrock prospects could be a single contiguous body.
Ireland is one of the world’s largest zinc producers with the greatest tonnage of zinc discovered per square kilometre.
Meanwhile, DevEx Resources’ (ASX:DEV) has uncovered a copper sulphide zone at its Bogong copper-gold project in NSW.
Assays from the stage one reconnaissance drilling confirmed the continuation of the zone of structurally controlled mineralisation extending for over 400m.
Top results from drilling included 12.6m at 1.24 per cent copper from a depth of 16.8m, within a broader zone of 39m at 0.5 per cent copper from 13m, and 6m at 1.2 per cent copper from 79m within a 28m intersection grading 0.6 per cent copper from 71m.
DevEx said the results also indicated the potential for structural repetitions of the copper sulphide mineralisation to the south and at depth.
The company is now planning to carry out mapping and soil geochemistry to determine the continuation of the copper mineralisation.
It is also progressing the mapping of a large magnetic anomaly that underlies historical copper-in-soil geochemistry to the west of the Bogong copper workings.
Pacifico Minerals (ASX:PMY) has hit more lead, silver and zinc, confirming the possibility of a new zone of shallow mineralisation at its Sorby Hills project.
Top results included 18m at 5.08 per cent zinc, 36 grams per tonne (g/t) silver and 0.2 per cent zinc, 10m at 7.16 per cent zinc, 383g/t silver and 0.43 per cent zinc and 6m at 9.53 per cent lead, 55g/t silver and 0.32 per cent zinc.