Ironbark hits home-grown high-grades

THE DRILL SERGEANT: Ironbark Zinc lifted its gaze from its Greenland activities to achieve some high-grade base and precious metal drilling results and strike length extension at its 100 per cent-owned Peakview prospect in New South Wales.

Significant intercepts from this program include:

–    3.2 metres at 7.5 per cent zinc and lead and 2.7 per cent copper from 53.0 metres;

–    5.6m at 4.4 per cent zinc and lead, 0.8 per cent copper and 256 grams per tonne silver from 48.7m, including 1.2m at 7.4 per cent zinc and lead, 1.9 per cent copper and 880g/t silver from 49.7m; and

–    1m at 25.8 per cent zinc and lead, 1 per cent copper and 119g/t silver from 152.5m.

Dilling intercepts at the Peakview prospect, showing outcrop geology and collar locations. Source: Company announcement

Ironbark completed 11 holes for a total of 1709 metres during its 2011 drilling program at Peakview, which was designed to follow up on historic drilling.

Ironbark said it had confirmed the extension of the high-grade mineralisation both along strike and down-dip with the drilling targeting and intercepting shallow high-grade strike extensions.

“We are very excited by the results of our drilling program that has highlighted the economic potential of this project,” Ironbark Zinc managing director Jonathan Downes said in the company’s announcement to the Australian Securities Exchange.

“The results show a very extensive initial strike of mineralisation that now extends for at least 1.3 kilometres and remains open at depth.

“We still consider this “early days” and we will be planning further work in the near future.”