IMC’s Base Metal Prospecting Licences
- IMC Exploration’s 10 base metal prospecting licences are grouped into two areas situated within the world class Irish Base Metal Province (PL 3729, PL 3644, PL 3550, PL 3806, PL 3668, PL 2103, PL 3460, PL 3670, PL 3426 & PL 3677).
- This province hosts a number of economic Zn/Pb deposits including the Navan and Lisheen deposits, together with the recently discovered Kilbricken and Pallas Green deposits.
- Ireland is the largest producer of zinc concentrates in Europe and ranks as the 10th largest producer of zinc concentrates in the world, with no state participation and excellent infrastructure.
- Since 1960, 14 significant (resource >1Mt) zinc-lead deposits have been discovered, including the world class orebody at Navan (>100Mt).
West Midlands Block
- PL 3729 (Tulla) has shown features texturally similar to, and characteristic of, alteration associated with Irish base-metal deposits such as Silvermines, Lisheen and Galmoy.
- The Limerick Licences lie along strike from the intersection of the “Navan – Silvermines Trend” with the “Limerick Trend” along which the deposits of Pallas Green and Kilbricken are situated
- Intensive alteration similar to that associated with "Irish Type" deposits has been observed in outcrop on the Shannon Licence.
- Breccias and alteration similar to those observed at the Navan, Tynagh, Silvermines, Lisheen and Galmoy deposits have been recorded in previous drilling on the Nenagh Licences.
- Alteration, mineralized surface float and mineralized drill intersections have been recorded from the Ballinasloe Licences on the northern side of the Tynagh Basin.
Tulla (PL 3729) Independent Report–Dr. John Kelly
- Prospecting Licence Area 3729, Tulla, Co. Clare sits on an ENE striking mineralized structural trend that includes the Kilbricken deposit. Extensive drilling was carried out on this PL.
- Dr John Kelly of SLR Consulting Ireland Limited (“SLR”), an independent expert on the characteristics of Irish Base Metal Deposits was commissioned to undertake further investigative work.
- Dr Kelly reported that “The drillhole intersected a number of interesting features including breccias, interpreted to be hydrothermal in origin with clasts containing replacive pyrite noted, together with green argillite bands having an altered appearance at the base of the Waulsortian Limestone”.
- He further confirmed that “Features such as these are texturally similar to and characteristic of alteration associated with some Irish base of Waulsortian base-metal deposits (e.g. Silvermines, Lisheen, Galmoy etc.)”.
- As a result of Dr Kelly’s conclusions, IMC has compiled a fully costed works’ programme for the area.