News

May 21, 2009

Minco Has Led Xstrata To A Very Exciting Base Metal Project In Ireland

Charles Wyatt

Minco, the Irish base metal explorer, has announced an intercept from drilling at the Pallas Green project in Co Limerick which makes even the case hardened geologists at Xstrata gasp. It hit 3.45 metres grading 24.2% zinc and 5.43% lead, which were the highest grades ever recorded at Pallas Green, at a depth of 330.9 metres. This depth is significant as drilling in the past has concentrated on the southern extension of the Tobermalug deposit down to a depth of 500 metres, so this northwest extension is shallower and higher grade. According to Terence McKillen, the chief executive, this hole and three earlier ones confirm the potential of the northwest extension which now extends over a 1,000 metre length and remains open ended.

He went on “this extension is located in the hangingwall of a west-northwest striking fault, the Caherconlish Fault, which is associated with higher grade mineralization within the main Tobermalug deposit to the southeast. It should add significantly to the overall zinc-lead resource at Tobermalug. Four drills are now working at Pallas Green as compared with fifteen towards the end of last year. Three of these are exploring the southern extension and one of these will be moved to the northwest...