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Erris Resources boosts prospects of further mineralisation at Abbeytown zinc project

The Abbeytown could turn out to be hosting a much larger deposit than was previously thought

Elevated levels of zinc were encountered

Erris Resources PLC (LON:ERIS) has delivered positive results from 527 closely spaced soil samples taken from the Abbeytown zinc project in County Sligo, Ireland.

Three new targets have been identified up to 1.25 kilometres southwest of the old Abbeytown mine.

What’s more, coincident zinc, silver and lead soil anomalies have been identified south of mineralisation intersected in surface drilling. That could mean an extension to the existing strike.

The maximum value intercepted was 10.65 parts per million silver, 1,585 ppm lead and 2,530ppm zinc.

"The soil sampling programme has returned some excellent results and shows that anomalies exist well outside the area of previous surface drilling by the company at Abbeytown,” said chief executive Anton du Plessis.

“If continuity of mineralisation indicated by these soil anomalies is confirmed, then we are looking at a number of new zones of mineralisation that could potentially indicate a much larger deposit at Abbeytown. We believe that Abbeytown has exciting potential with many advantages and is significantly undervalued with respect to the company's recent share price performance. "



Quick facts: Erris Resources PLC

Price: 5.15 GBX

Market: LSE
Market Cap: £1.6 m

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Erris Resources updates on met tests and soil sampling at Abbeytown zinc project

Erris Resources PLC (LON:ERIS) CEO Anton du Plessis and technical adviser David Hall update Proactive London on recent work undertaken at their Abbeytown zinc project in County Sligo, Ireland. This week Erris delivered positive results from 527 closely spaced soil samples - three new...

on 27/3/19

2 min read