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.