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Minco's Projects
Pallas Green - Shareholders approved the sale of Minco's 23.6% interest in the Pallas Green project in Co. Limerick to Xstrata Zinc for a consideration of US$19.4 million.
Rathdowney - Situated in the Rathdowney area of Co. Laois, Ireland, Minco holds a 100% interest in prospective licence 1653. Lundin Mining, the operator of the nearby Galmoy mine, was carrying out exploration on the licence under a joint venture and in July 2011, relinquished its interest in the licence back to Minco. Minco now plans to continue its own exploration on this property.
Tatestown - The Prospecting Licence is located adjacent to the Navan orebody belonging to Tara-Boliden at Navan, Co. Meath, Ireland. This licence is the subject of a joint venture between Westland and Tara-Boliden and Tara-Boliden is the operator and manager of the joint venture. Westland's interest is approximately 30%.
Earlier exploration had identified the Tatestown deposit which has an inferred resource of 775,000 tonnes grading 5.42% zinc and 3.83% lead which is separated from the Scanlanstown deposit, owned by Tara-Boliden (888,000 tonnes grading 6.45% zinc and 2.66% lead), by the River Blackwater.
Curraghinalt - Minco holds a 2% net smelter royalty on production from the Curraghinalt gold prospect near Omagh in Co. Tyrone currently owned by Dalradian Resources Inc. who are currently conducting an active exploration programme using six drill rigs. Curraghinalt has an indicated mineral resource of 400,000 ounces (0.95 million tonnes grading 13.24 g/t gold) and an inferred mineral resource of 1.16 million ounces of gold (2.46 million tonnes grading 14.64 g/t gold).
Mexico - Minco participates in a zinc and silver production focus in Mexico through its 29% ownership of Xtierra Inc., a Canadian public company whose shares are listed on the TSX Venture Exchange(XAG) and which is completing a feasibility study on its Bilbao silver-zinc project in Zacatecas.
