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Minco says finds high grade zinc on Pallas Green

Minco Plc, a precious- and base-metals exploration and development company, said on Monday it found additional high grade zinc and lead mineralization on its Pallas Green project in Ireland.

“Hole MN-636-121 on the northwest extension at Tobermalug has returned one of the highest zinc and lead assay values received to date on the Pallas Green project,” the company said in a statement.

A second drill would be repositioned to further explore the Northwest Extension area, where the company plans to complete four additional holes by the end of June 2009, Minco said.

The results confirmed the potential of the Northwest Extension area, which now extended over a 1,000 meter length and remained open ended, Chief Executive Terence McKillen said in a statement.

The Pallas Green project, a joint venture with Xstrata Zinc, has four diamond drills with 5,380 meters drilled from January 1 to April 30, Minco said. (Reuters)