The project comprises 38,320 Ha held under 12 exploration licenses over prospective ground which is being explored for Irish-Type Zn-Pb deposits.
The Kingscourt Project is located only 15 km north of the world-class 110 Mt Navan Mine targeting footwall, Pale Beds hosted Zn-Pb mineralization in the Moynalty Basin.
Trenched bedrock samples as well as drill intercepts of vein and breccia of galena-sphalerite-maracasite mineralization hosted by shelf limestones has assayed up to 7% Pb and 1% Zn.
Mudbank limestones (Waulsortian "Reef") that host Zn-Pb deposits such as Lisheen, Galmoy, Silvermines and Tynagh may also be developed within the Moynalty Basin.
Four target areas include the Rock Cottage, Ardee, Moynalty and Nobber-Kingscourt and identified by presence of bedrock and/or float mineralization, moderate to strong Zn-Pb soil anomalies and undrilled/poorly tested host horizons.
New geological and structural interpretations combined with recent IP and Gravity surveys suggests that the Waulsortian and Pale Bed limestones are deposited in the Moynalty Basin leading to the identification of priority drilling targets for Navan-style Zn-Pb mineralization.
The major is currently in the midest of a 2500 meter, 5 hole drilling campaign of which results are pending. Seismics and further drilling envisaged.