Not only has Zinc of Ireland NL (ASX: ZMI), revealed its maiden JORC Inferred Mineral Resource for the McGregor and Shamrock prospects at its flagship Kildare zinc project, it has already released assay results indicating a likely opportunity to extend the resource further.
ZMI’s 100%-owned Kildare project is 80 kilometres along strike from $1.6 billion Vedanta Ltd.’s (L:VED) Lisheen Mine — Europe’s largest zinc concentrate producer with 22.4 million tonnes grading 11.6% zinc.
ZMI is eyeing off rapid growth in a country that is Europe’s largest zinc producer and proximal to active industrial hubs in nearby regions.
Results from ZMI’s flagship project in Central Ireland confirm the presence of a mineralised fault – a key ingredient in Irish zinc deposits.
ZMI has also secured an option over the 650,000 tonnes per annum Galmoy zinc-lead processing plant, located on 70 kilometres from its Kildare project.
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