The directors of IMC Exploration Group Plc ("IMC") are pleased to announce that findings from further drilling undertaken in Prospecting Licence Area 3729, Tulla, Co. Clare has confirmed this area's potential to host significant zinc and other base metal mineralization.
IMC increased its drilling activity as a result of encouraging indications from drill-hole 11-3729-01, drilling three more holes (12-3729-02/03/04) in order to further understand and confirm this area's exploration potential.
Dr John Kelly PGeo, MIMM, MIQ of SLR Consulting Ireland Limited, and member of EurGeol who provided, the original expert reporting on Drill-hole 11-3729-01, was commissioned to review drill- cores from the further three drill-holes undertaken in the Tulla area.
Dr. Kelly reported that, "In addition to the hydrothermal dolomitic breccias intersected in drill- hole 11-3729-01, drill-holes 12-3729-03 and 12-3729-04 intersected significant haematisation of Waulsortian limestones and alteration of sub-Waulsortian shales from black/grey to green. Such haematisation and shale alteration has been recorded as being associated with base-metal mineralisation at the Tynagh, Silvermines, Lisheen and Crinkill base-metal deposits."
In his conclusion, Dr Kelly stated, "The presence of haematisation in Waulsortian limestones in bore-holes 12-3729-03 and 12-3729-04, in conjunction with the hydrothermal breccias intersected in bore-hole 11-3729-01, confirms the presence of a potential base-metal bearing hydrothermal system and enhances the prospectivity of licences in the Tulla area."
Commenting on the report and its findings, Dr Glenn Millar, Managing Director of IMC said: "This report, with its positive findings, further confirms the directors' conviction that the Tulla Prospecting Licence has the potential to host significant zinc and other base metal mineralization. Together with the recent strong gold results in our Wexford licence areas, this is indeed an exciting time for IMC on the first anniversary of its listing on the Plus Market."
The Directors of the company accept responsibility for the contents of this announcement.
For further information please contact:
IMC Exploration Group Plc
Mr. Liam McGrattan
Investor Relations
Tel. Ireland: +353 87 2745427
Mr. Hugh Gibney
Executive Chairman
Tel. Ireland: +353 1 823 0510
Dr. Glenn Millar
Managing Director
Tel. Ireland: +353 86 1714790
Kathryn Byrne
Limelight Communications
Tel. Ireland: +353 85 2336033
LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200
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IMC EXPLORATION GROUP PLC
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