Exploration company Minco has recommenced drilling for zinc and lead on the Pallas Green property in Co Limerick. The objective is a large zinc-lead discovery similar to the Minorco mine at Lisheen, Co Tipperary and the Arcon mine at Galmoy, Co Laois.
The exploration programme, which is a 25/75% joint venture between Minco and Noranda, a major international mining company, will drill at least six holes to test and upgrade targets identified in 2000 and 2001.
'Over the past two years we have made exciting discoveries on our Pallas Green block. This year we are going back once more to the Castlegarde area. The zinc industry is a tough place at present but Pallas Green, the best discovery in Ireland in a decade, is worthy of investment,' according to John Teeling, Minco Chairman.
Minco is an AIM-listed zinc and gold explorer holding 33 zinc licences and five gold licences in Ireland.
