Part of the Stock Digest group of websites: Visit Tech Stock Digest  

There's zinc in them thar hills of Clare, with plans for a major drilling programme by a base metals exploration company unveiled this week.,

Hannan Metals have announced plans for 20,000 metres of drilling to test geological, seismic and soil targets on its Kilbricken zinc-lead-silver prospect and on other prospects in the county.

In its first year of drilling, the Kilbricken site has already been ranked as one of the top 10 base metal deposits in Ireland, with an estimated 4.4 million tonnes of zinc equivalent established.

Hannan Metals Limited has 100% ownership of the County Clare Zn-Pb-Ag-Cu (zinc, lead, silver and copper) Project in Ireland, which consists of nine prospecting licences for 35,444 hectares.

According to Hannan Metals chairman and CEO, Michael Hudson, “We are delighted with the progress we have made over the last year”.

Hannan Metals acquired the project from Lundin Mining Ltd, making all cash payments totalling US$1 million.

“After completing our purchase from Lundin Mining, we now own one of the few high-grade zinc -rich sulphide discoveries made over the last decade in Ireland within a strategically important regional-scale land package,” added Mr Hudson.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 25058.10 0.03%
S&P 500 2753.17 0.75%
NASDAQ 7820.20 0.07%
TSX 16435.46 0.65%
TSX-V 712.33 0.00%

Resource Commodities

Name Last Change
Gold 1231.96 0.70%
Silver 15.52 1.35%
Copper 2.75 0.060
Platinum 828.51 0.000
Oil 70.46 1.42%
Natural Gas 2.76 0.44%
Uranium 23.83 0.88%
Zinc 1.16 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest