Categories:
Base Metals
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General Market Commentary
Topics:
General Base Metals
/
General Market Commentary
There's Zinc in the Hills
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.