Connemara Mining Company plc (LSE:CON) announced that it been awarded prospecting license 3313 in County Kilkenny.
As quoted in the press release:
The new license is located to the north east of the Vedanta, Lisheen and Lundin, Galmoy Mines and to the south of the Rapla mineralized zone explored by Arcon and Lundin. The license covers almost 50 sq km, with previous drilling restricted to the north-west corner. The base metal target hosting Waulsortian Limestone horizon deepens to the south east. Vedanta hold licenses both to south and north of the block.
John Teeling, chairman of Connemara, commented:
We are delighted to have been awarded the 50 sq km PL3313 licence in Kilkenny. This part of Ireland, which contains the giant Lisheen zinc mine and closed Galmoy mine, has always been rich in zinc. Our previous drilling has been focused on the north west of the block and we have potential targets to the south east.
We are excited that the zinc industry is finally coming back to life with a supply deficit, which is likely to continue for some years. This licence adds to the high quality portfolio of licences across Ireland held by Connemara.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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