Base metals explorer Zinc of Ireland NL (ZMI) has started the third phase of its diamond drilling programme at the Kildare zinc project in Ireland.

The move comes after the company completed intercept in hole 003 that was announced in June.

The first hole, 006, is currently underway at the McGregor Prospect, where ZMI intends to extend mineralisation along strike and eastwards of the intercept in hole 003.

"We see the zinc price heading north in a substantial and sustainable way, and our growth story is positioned to be right there with it.”

Directed at extending the thick, high-grade Base of Reef mineralisation, the company is planning to take up several holes at McGregor, of which hole 006 is the first.

ZMI managing director Peter van der Borgh said: "Finding orebodies requires luck, hard work and good science and with a modicum of each in the past year ZMI has delivered a resource, arguably the best zinc drilling intercept of 2017, and a nearby discovery at Celtic Tiger within 200m of the surface.

“We aim to build on that in our Phase 3 drilling programme. We see the zinc price heading north in a substantial and sustainable way, and our growth story is positioned to be right there with it.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A second drilling rig is expected to arrive next month to target the newly discovered Celtic Tiger prospect, located 1km to the west of McGregor.

The company intends to further accelerate the Phase 3 drilling programme once it receives the second rig.