A near-term production opportunity
The Keel Zinc Project is situated in County Longford, south of Longford Town in Ireland. The project area, covering 66 km2, is comprised of two Prospecting Leases P185 and P186.
The area is covered mainly by agricultural land, much of which is poorly drained pasture and minor forestry. Both tenements have been held by major mining companies since the 1960’s, including Prospect Rio Tinto Finance & Exploration Plc (1963-2001) and Lundin Mining (2006-2012). Historical diamond drilling by Rio Tinto, Boliden Group, Lundin Mining and others has delineated two main mineralised horizons (Figure 2) more than 1km in length. Zinc, lead and silver grades from annual reports are high-grade sitting within the Keel Fault system.
Since 1960, Ireland has had a string of significant zinc-lead discoveries with an estimated 14MT of zinc metal being found, ranking it first in terms of zinc discoveries per square km and second in the world for lead discovered per square km (Source: Exploration and Mining Division Ireland 2014).
Longford’s is Junior explorer looking for ground in great metal provinces of the world. The Keel Zinc Project sits within the Irish Midlands which ranks first globally in terms of zinc deposits discovered relative to land area, with the world class Tara Underground Mine (>100Mt) located 90km away in the same geological formation (Navan Beds). Ireland has a long history of mining operations, is one of the largest exporters of zinc concentrate to European smelters and ranks ninth globally in the Fraser Institute survey for exploration.
The successful due diligence program included onsite inspections, a legal ownership review and a thorough assessment of over 40,000m of historic drill data which resulted in a Mineral Resource estimate. The estimate was completed by independent consulting firm CSA Global Pty Ltd (“CSA Global”) and resulted in an Inferred Mineral Resource estimate of 6.9Mt at 5.6% Zn and 0.8% Pb.