Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business — from Boliden and Glencore (LON: GLEN) to Teck Resources (TSX: TECK.B; NYSE: TCK) and Vedanta.
Junior explorer Connemara Mining Company (LON: CON) and Group Eleven Resources(TSXV: ZNG) hope their Stonepark deposit in Limerick will one day join the island’s illustrious list of zinc deposits.
The partners completed a resource estimate this week demonstrating that, while still small, it is high grade, with an inferred resource of 5.3 million tonnes grading 11.5% zinc and lead combined, or 8.55% zinc and 2.60% lead. The resource was based on 88 diamond drill holes totaling 37,270 metres and used a cut-off grade of 4.5% zinc-equivalent.
Stonepark is adjacent to Glencore’s Pallas Green zinc project, one of the largest undeveloped zinc projects in the world.
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