TIDMIMCP
IMC Exploration Group plc
Implementation of comprehensive Zinc Work's Programme
IMC announces the implementation of its work's programme on its base metal
licence area in the highly prospective South West Ireland. The comprehensive
exploration programme consists of geochemistry, geophysics and drilling.
IMC holds numerous licences between the Tynagh and Silvermines deposits
within this Irish Base Metal Province. These licences are highly
prospective, lying proximal to the intersection of the 'Navan-Silvermines
Trend' and 'Limerick Trend', the latter which hosts the deposits at Pallas
Green and Kilbricken.
Since the opening of the Tynagh mine in Co. Galway, Ireland has become a
significant producer of base metals ranking third in Europe and fourteenth in
the world for zinc. IMC also holds licences close to Tynagh.
Liam McGrattan, Chairman of IMC said 'The zinc price soared in 2016 and many
experts are predicting that 2017 will bring more of the same. A Senior Analyst
on Zinc Markets at Wood Mackenzie is predicting an average zinc price of $3,200
per tonne. The Analyst sees the metal hitting $4,000 per tonne midway through
next year. The implementation of the works programme, concentrating on licence
areas with previously indicated zinc deposits, makes absolute sense from a
financial, strategic and asset enhancement point and represents a great
opportunity to unlock significant value for IMC's shareholders.'
Contact Details:
IMC Exploration Group PLC
Liam McGrattan
Tel. +353 872745427
Keith Bayley Rogers & Co. Limited
Hugh Oram
Tel: +44 207 464 4090
