Ironbark

Published : February 13th, 2008

Ironbark Gold Ltd - Drilling has commenced at Belara base metal resource

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Keywords :   Australia | Copper | Diamond | Gold | K Street | Lead | Silver | Zinc |


 IRONBARK GOLD LTD: ASX ANNOUNCEMENT

13 February 2008

DRILLING COMMENCED AT BELARA BASE METAL RESOURCE

 

Ironbark reports that drilling has commenced at the wholly owned Belara base metal project in New South Wales. Belara is located approximately 100km north of Orange in New South Wales, Australia and currently hosts an inferred resource of 1.0 million tonnes at 5.0% zinc, 0.4% copper, 1.5% lead, 0.3 g/t gold and 50 g/t silver at a 4% zinc cutoff within a larger inferred resource of 3.8 million tonnes at 3.1% zinc, 0.4% copper, 1.0% lead, 0.2 g/t gold and 34 g/t silver at a 1% zinc cutoff.

 

Previous drilling by Ironbark returned excellent drill results at the current base of drilling and the current programme is designed to test for depth extensions of this mineralisation. Ironbark is seeking to expand the resource by conducting further drilling targeting extensions to mineralisation (Figure 1). Approximately 2,000 metres will drilled to depths of up to 400 metres using a combination of reverse circulation and Diamond drilling techniques and will include extensional drilling on B30 which returned 8m @ 4.2%zinc, 1.8% lead, 0.5% copper, 62 g/t silver and 0.5 g/t gold from 299 metres downhole.


To download the full ASX Announcement, click here.


For further information:
Jonathan Downes
Managing Director
T +61 8 6461 6350
www.ironbark.gl




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Ironbark

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Ironbark is a zinc and lead development stage company based in Australia.

Its main exploration properties are CAPTAINS FLAT and BELARA in Australia and CITRONEN FJORD in Greenland.

Ironbark is listed in Australia. Its market capitalisation is AU$ 69.4 millions as of today (US$ 50.1 millions, € 43.9 millions).

Its stock quote reached its highest recent level on January 23, 2015 at AU$ 2.07, and its lowest recent point on March 27, 2020 at AU$ 0.38.

Ironbark has 141 550 000 shares outstanding.

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