Proactive Investors - Run By Investors For Investors

Ironbark Zinc expands Citronen project area in Greenland

Ironbark now controls the district which places the company in a very strong position as it moves forward.
Greenland map
Citronen project will be a largely conventional mine with the exception of its location

Ironbark Zinc Ltd (ASX:IBG) has applied for new licences to expand its Citronen project area in Greenland.

Citronen expanded licence application

The Citronen Zinc Project currently remains open-ended at depth, laterally and also on strike to the northwest.

Mineralised outcropping gossans identified in the far North West (The Western Gossans) occur over an extensive region overlying the interpreted source fault that follows the trend of the licence.

This new licence application covers the identified areas that are considered prospective and the trend of the Western Gossans.

READ: Ironbark Zinc to fund Citronen Zinc Project development with $2 million placement

The open-ended nature of the resource at Citronen and the exploration target of 302- 347 million tonnes at 4.4-5.0% zinc + lead presents a promising opportunity for Ironbark.

Ironbark now controls the district which places the company in a very strong position as it moves to determine the scale of the project in the future.

READ: Ironbark Zinc and Glencore subsidiary begin exploration at Captains Flat base metals project

The company recently commenced exploration at the Captains Flat base metals project in New South Wales.

This project is being financed jointly by Ironbark and New South Wales Base Metals (NSW BM – a subsidiary of Glencore) on a 50:50 basis.

Importantly, an airborne HeliSAM electromagnetic survey has already commenced, providing the first large-scale modern geophysical survey over the Captains Flat project area.

View full IBG profile View Profile

Ironbark Zinc Ltd Timeline

Related Articles

The company has been conducting a strategic review of its portfolio alongside the formation of a revised board of directors
October 19 2018
Montero Mining already has an attractive lithium portfolio in Namibia
electric car charging
April 09 2019
The Vancouver-based junior company has a unique business model that has the potential to disrupt a $6 billion market dominated by Chinese production

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use