Irish mineral exploration group Minco says the latest drilling results from the Tobermalug zinc and lead deposit at Pallas Green in Co Limerick are positive.
Minco said two holes had found deposits with significant zinc and lead values in the project that it is developing with Xstrata, one of the largest zinc production companies in the world.
The company has four rigs on site and has drilled 15 holes so far this year. Minco Chief Executive Terence McKillen said the latest results were very encouraging.
Minco has a 23.6 per cent interest in the project.