IBG looks to be doing it - I think it has 4 prospectsHere are...

IBG looks to be doing it - I think it has 4 prospects

Here are some excerpts - in case you think its a fairytale it seems like Rio Tinto was seriously interested...

Sydney - Friday - March 2: (RWE Australian Business News) -
Ironbark Gold Ltd (ASX code: IBG) has entered an agreement to acquire
the Citronen Zinc Project in Greenland.
Directors say Citronen represents one of the world's largest
undeveloped zinc resources.
Citronen is located in northern Greenland, a self-governed
territory of the Kingdom of Denmark.
The directors say this major acquisition significantly increases
the scope of Ironbark towards becoming a substantial zinc producer.
The most recent resource estimate stands at approximately 17
million tons at 7.8% zinc and 0.9% lead (about 8.3% zinc-equivalent).
This is based on 32,826 metres of diamond drilling conducted
between 1993 and 1996 returning intercepts such as 28.8 metres at 9.7%
zinc (including a higher-grade zone of 8.5m at 19.0% zinc).
"Ironbark considers that Citronen offers exceptional
large-scale, low-risk, long-life and high-margin production potential,
as well as an outstanding exploration opportunity with the extent of
mineralisation yet to be determined," the directors said.
The mineralisation was considered to be of a SEDEX-style zinc
deposit and this model was potentially very large.
The mineralisation starts from the surface and is shallow,
flat-lying and adjacent to a deep water fjord that may provide near-mine
ship docking and loading opportunities.
Following successful due diligence, Ironbark has agreed to buy
100 per cent of Citronen for $6 million cash and 8 million shares in
Ironbark, plus 16 million options with an exercise price of $1.50 and
maturity date of February 1 2010.
Separately, a 2.5% net smelter royalty is payable.
Ironbark shares rose 75.5c to $2.60 this morning.
ENDS



Washington Land – Cass Prospect
The Cass Prospect was identified in 1999, in a joint venture targeting Mississippi Valley Type
(MVT) base metal mineralisation between Platinova AS and Rio Tinto Mining and Exploration Inc.,
(Rio Tinto) a subsidiary of London based Rio Tinto PLC (Rio Tinto). The Cass Prospect is situated
in the Franklinian Basin geological unit. The Cass Prospect mineralisation is considered to be
contemporaneous with the Polaris and Nanisivik historic mines located in Canada.
Mineralisation at the Cass Prospect occurs within a structure with an observed strike length of
approximately four kilometres. The structure outcrops poorly due to overlying glacial till including
boulders and gravel. A continuous rock chip composite sample spanning 25 metres on a profile
across the structure returned an average grading 8.9% zinc, 11.1% lead and 95 g/t silver and a
second continuous rock chip composite sample spanning 25 metre located 550 metres to the east
returned an average grade of 3.7% zinc, 7% lead and 40 g/t silver. The precise details of sampling
and assaying methodology are unknown however this information was released to the Toronto
Stock Exchange in 1999. A single diamond drill hole yielded 1.2 metres at 8.4% zinc, 0.04% lead
and 94 g/t silver. Rio Tinto withdrew from the joint venture following the drilling in 1999 at a period
of low zinc and lead prices. The hole is regarded as not necessarily intercepting the main target and
will be followed up as a matter of priority.