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Adventus Zinc’s update included a 26.5 km seismic survey at Rathkeale Block in Limerick County and a detailed target generation initiative at Lismore Block in Waterford County in southwest Ireland.
Adventus Zinc (TSXV:ADZN) has released an update on its phase 1 exploration activities in Ireland that included a 26.5 km seismic survey at Rathkeale Block in Limerick County and a detailed target generation initiative at Lismore Block in Waterford County in southwest Ireland.
As highlighted in the press release:
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A new structural interpretation of the lower carboniferous basin development at Rathkeale Block from the seismic survey has brought about a paradigm shift in the understanding of the area’s mineral potential, and resulted in the identification of six drill-ready targets, lying on the western extensions of structures related to the neighbouring Pallas Green project
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Mis-interpretation of younger viséan cover rocks as the host waulsortian mudbank limestone by previous operators on the Lismore block has resulted in two drill-ready targets below a viséan cover, proximal to extensional structures and therefore, not tested by previous drilling. Specifically, at Ballinanchor, the targets lie immediately adjacent to low-grade zinc-sulphide bearing rock matrix waulsortian breccias (such as 39 metre grading 1.75 percent zinc in historical drill hole 1556/5);
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Resulting observations from the new interpretations at both Rathkeale and Lismore, as well as basement terrane studies, have resulted in a shift of explorational focus to the south-west of the Irish orefield. In January 2018, Adventus lodged applications to acquire two new blocks of ground (Charleville and Millstreet) totalling twenty-one (21) licences for approximately 630 km2. On April 30 and May 16, 2018, the Exploration and Mining Division (“EMD”) of the Department of Communications, Climate Action and Environment (“DCCAE”) issued letters of offer in relation to all licences for these two blocks. Adventus has accepted the offers as of May 16, 2018 and currently anticipate that the licences will be issued during the second or third quarter of 2018; and
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With the addition of the Charleville and Millstreet blocks, Adventus will hold exploration rights over a total of 62 prospecting licences areas for 1,950 km2 in Ireland.
Click here to view the full Adventus Zinc Corporation (TSXV:ADZN) press release.
