MINCO
plc
162
Clontarf Road
Dublin
3, Ireland
Tel: +
353 1 833 2833
Fax: +
353 1 833 3505
Email:
minco@iol.ie
www.minco.ie
Minco Commences Drill
Programme on Pallas Green Joint Venture, Co. Limerick,
Ireland
London, 8 July, 2004,
AIM quoted Minco
Plc
(AIM ticker:
MIO ) is pleased to
report that a diamond drilling programme has commenced on its Pallas Green
zinc-lead project
in Co. Limerick, Ireland. The project is in a 25/75 joint venture with
Canadian quoted Noranda Inc (TSE:
NRD
).
Previous drilling on the
licence areas, which cover some 300 square kilometres, identified a number
of significant massive sulphide zones of zinc and lead mineralisation along the
Pallas-Limerick Alteration Trend which lies 45km west of the Lisheen mine which
is expected to produce 5 million tonnes of lead/zinc concentrate over its
working life, and is 25km south of the former Silvermines mine and 4km west of
the former Gortdrum mine. The current drill programme is designed to further
define trending
extensions of the massive sulphide mineralisation zones already
indicated by earlier
drilling and to test new areas within the Alteration Trend.
Commenting on the
upcoming drill programme, Minco Chairman, Mr. Roger Turner
noted: “In our opinion, the Pallas Green property remains one of the best
exploration targets for zinc and lead mineralisation in Ireland. The mineralisation encountered is
similar in style and setting to the nearby Lisheen, Silvermines and
Galmoy mines. The Pallas Green property has all of the
hallmarks to host a world class base metal deposit and, with the increase in zinc and
lead metal prices, we are very excited about the potential of the property’.
Minco
is active on a
number of fronts on
its other projects.
Drilling is progressing well at the La Laguna silver tailings in Mexico where a
feasibility study is expected in August and advances are being made on
project evaluation in Russia where a dedicated team is evaluating technical and
geophysical data.
For further
information
Matthew Dorman, CEO.
Tel: +34
687 494550 mldorman@orcagoldcorp.com
Roger Turner, Chairman.
Tel +44
(0) 1273 495500 rwturner@orcagoldcorp.com
John J. Teeling.
Tel.+(0) 1 833 2833
minco@iol.ie
Laurence Read, Conduit PR Tel +44(0)2079369095
laurence@conduitpr.com
/ (0)7979955923
MINCO is a precious metals
development and exploration company traded on the AIM market in London. Ticker
symbol (MIO),