IBG 0.00% 0.3¢ ironbark zinc ltd

Ann: Becoming a substantial holder , page-15

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    This bit is from proactive investors,

    According to Ironbark, total size of the resource may ultimately increase to a massive 400 million tonnes. Ironbark has been reporting high grade drilling results since the current program got underway and is assumed that that the tonnage calculations will get a very significant lift after drilling ceases at the end of September.

    Ironbark has stated that it will take several seasons to fully define the mineral inventory. This does not take into account the exploration potential contained in additional leases around lease 2007/02 covering 2,600 km?.

    There is an Exploration Target of 302Mt to 347Mt @ 4.4 to 5.0% zinc + lead for a combined total of up to 36 billion pounds of zinc and lead metal (at a 2% zinc cutoff). This would represent an increase of 240% over the current resource base and would rank Citronen in the ?Super Giant? category as proposed by industry experts Goodfellow and Lydon,

 
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