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1.2¢ zinc of ireland nl

Ann: Exploration Update, page-6

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longreach

4,601 Posts.

1806

29/05/22

23:08

Post #: 61691775
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Originally posted by Rozting: ↑

Did a bit more digging. The mineralised zone itself is a bit deeper than I thought at circa 500m so explains the timing a bit more.

There also was a mention of a previous inferred resource of 2.7 million tonnes at 6.9% Zn and 1.5% Pb from historical drilling at the Rapla prospect (taken from Arcon's release Wednesday 19 June, 2002). This did not include any of the current target zone towards the fault. Good to know there's a modest potential resource already there.

The 600m target zone towards the fault at Rapla itself could show some serious intercepts. The below snippets are taken from a research article on the Lisheen deposit. If it truly is similar to Lisheen, the main zone there had intercepts of >30m with an overall resource of 12.89% Zn and 2.34% Pb. Any announcement this week with a sizeable massive sulphide intercept and this isn't going below 10c again.

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Probably closer to 600 metres downhole depth.
It's unlikely we'll get anything like those Lisheen intercepts on these first exploration holes. Just an indication of mineralisation for starters would be a positive IMO, because it would confirm the likely presence of mineralised fluids in the vicinity thus add weight to the theory the company geologists are pursuing.

ZMI Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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