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The Company controls the largest ground position in Ireland, consisting of 99 prospecting licenses covering 3,200 square kilometres across four project areas. Across the individual project areas, the Company has sought to acquire dominant land positions that offer superior brownfield exploration potential.

Location Map Showing the Company’s Projects in Ireland

Location Map Showing the Company’s Projects in Ireland

The properties are located within the established Irish Zinc District and are near or adjacent to major historic mines or deposits. The Irish Zinc District has been a major source of zinc production since the 1960s and is currently home to some of Europe’s largest zinc projects including the Navan (Tara) Zinc-Lead mine (Boliden), the Pallas Green deposit (Glencore) and the past producing Lisheen mine (Vedanta) and Galmoy mine (Lundin Mining).

The district is known for carbonate hosted zinc-lead deposits, also known as Irish-type zinc deposits. The four project areas controlled by the Company all are considered highly prospective for economic Irish-type zinc lead deposits.

Ireland Properties

  Ballinalack Stonepark Silvermines PG West Tralee
Ownership 60% 76.56% 100% 100% 100%
Number of PL's 11 6 24 34 15
Area (sq km) 312 184 808.5 1,055.1 512.4
Resource Size 7.7mt @ 7.3% Zn+Pb1  -  -  -  -
Key Prospects Ballinalack Stonepark North,
Stonepark West,
Stonepark
Cooleen,
various
Carrickittle-Oola,
Tipperary,
NewCastleWest
Castlemaine
Historic Drilling 93,350m 57,742m approx 46,100m approx 38,400m approx 14,000m
(incl drilling by Teck) 29,400m 54,767m - - -
Seismic surveys 63 line kms 18 line kms - - -
Total sunk costs Over C$30m Approx C$8.9m - - -
Top 3 Intersections B59: 45.6m @ 16.0% Zn+Pb TC-2638-045: 7.5m @ 27.8% Zn+Pb NX-11: 7.3m @16.0% Zn+Pb - -
- B57: 24.4m @ 19.7% Zn+Pb TC-2638-026: 7.2m @ 15.3% Zn+Pb NX-14: 2.1m @ 10.7% Zn+Pb - -
- B58: 24.4m @ 18.1% Zn+Pb TC-2638-053: 6.9m @ 14.2% Zn+Pb NX-8A: 2.0m @ 10.7% Zn+Pb - -

1 The historical estimate at the Ballinalack Project is set out in a report prepared by the Robertson Group plc (“Robertson”) in 1991. Significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before this historical estimate can be classified as a current resource. A qualified person has not yet undertaken sufficient work to classify this historical estimate as a current resource and the Company is not treating the historical estimate as a current resource.

Scientific and technical information in set out in this website has been approved by John Barry, who is a Qualified Person for the purposes of National Instrument 43-101 and who is the Vice President, Exploration Strategy of the Company

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