Curraghinalt Gold Project, Northern Ireland (Royalty interest)
Minco holds a 2% NSR royalty on the Curraghinalt gold deposit located near Omagh, in Northern Ireland which is being explored by Dalradian Resources Inc.
The Curraghinalt property is in the Sperrin Mountains of County Tyrone, about 15 km east of Omagh, in Northern Ireland.
Dalradian Resources Inc. is a TSX and London (AIM)-listed gold exploration and development company, incorporated in Canada focused on advancing the Curraghinalt gold deposit in County Tyrone, Northern Ireland.
Curraghinalt is a high grade lode gold deposit with mineralization still open in all directions. A 2014 NI 43-101 compliant resource returned:
- Measured mineral resource of 0.02 MT grading 20.15 g/t gold for 15,000 contained ounces
- Indicated mineral resource of 2.98 MT grading 10.34 g/t gold for 989,000 contained ounces
- Inferred mineral resource of 8.01 MT grading 9.67 g/t gold for 2,490,000 contained ounces
The 2014 Preliminary Economic Assessment shows that it is a high grade, high margin deposit with relatively low capital expenditures required to build a 162,000 ounce per year mine. Dalradian has a work program underway including infill drilling and an underground exploration program (885 metres of development with two test stopes).and a feasibility study to further advance the project toward production. Dalradian is also undertaking a work program in support of a planning (permitting) application for construction of an operating gold mine at Curraghinalt. Components of the program include a feasibility study, an environmental impact assessment.