Belmore Resources continues to locate mineralisation at Kilbricken Zinc- Lead- Silver discovery acreage
25-01-2010

Belmore Resources, a minerals exploration company, is pleased to announce further results from the continuing appraisal drilling of its Kilbricken Zinc- Lead- Silver discovery. The project is a joint venture with Lundin Mining Exploration Ltd., a wholly owned subsidiary company of Lundin Mining Corporation (TSX:LUN, OMX:LUMI), which is currently the operator of the drilling programme. 

The drilling has continued to locate mineralisation in the Kilbricken area. Drillhole 09-3679-19, which intersected 3.85m at 10.23% Zn (Zinc), 5.99% Pb (Lead) and 76.2g/tonne Ag (Silver), was particularly encouraging. Mineralisation in drillholes 09-3679-14 and 18 indicates an extension of the mineralising system to the west-northwest and the massive pyrite in 09-3679-20 also indicates potential targets to the east and southeast.

Diamond drilling is continuing along a prospective zone running through licence 3679 and probably extending eastwards into licence 3643 and westwards into licence 3787.

Geophysical surveying methods, in particular gravity, as well as geochemistry, will be used to develop additional targets within the prospective Waulsortian Reef horizon.

Following a recent review of the Clare results Lundin remains committed to and optimistic regarding the East Clare exploration programme.
Company Chairman, Mr. Ian Forrest, commented:  “I am encouraged by the results of drilling in 2009, and appreciate the professionalism of Lundin Mining in their pursuit of this exploration programme. We look forward both to progressing these targets with Lundin Mining and to a continued high level of activity in 2010.”

DETAILED RESULTS

DRILLHOLE 09-3679-14

This drillhole constituted a major step out to the northwest and tested the target horizon 275 metres from high grade drillhole 09-3679-06.

Two mineralized intervals were encountered:
                                                                                          403 – 406m  3m at 3.3% Zn, 1.085% Pb and 33g/tonne Ag
                                                                                  and 423.5 - 424.8m 1.3m at 6.83% Zn, 3.87% Pb and 48g/tonne Ag

The presence of resource grade mineralisation in such a large step out is very encouraging. A second drillhole (09-3679-18) was collared to test the target horizon 110m west of drillhole 09-3679-14.


DRILLHOLE 09-3679-18

This drillhole also encountered a thick zone of mineralisation, again with two main mineralised horizons:
                                                                                        437.2 – 449.2m 12m at 0.43% Zn and 0.10% Pb
                                                                                and 462.15 – 470.7m 8.55m at 1.675% Zn and 0.885% Pb

There is high likelihood that these two holes are peripheral to high grade mineralisation and further drilling is in progress in the area.


DRILLHOLE 09-3679-15

This drillhole was collared 70m south of drillhole 09-3679-6 and intersected trace mineralisation only.


DRILLHOLE 09-3679-16

This drillhole was collared west of barren drillholes 3679-10 and 12. It intersected 15.55m of mineralized (0.6% combined Zn/Pb) strata. The presence of such a thick mineralised zone gives grounds for optimism in this area.


DRILLHOLE 09-3679-17

This hole intersected the target horizon about 110m north-northeast of drillhole 09-3679-6. A 1.25m interval from 446.25 – 447.5m assayed 1.26% Zn, 5.4% Pb and 14.2g/tonne Ag.


DRILLHOLE 09-3679-19

This hole intersected the target horizon 70 metres north of drillhole 09-3679-06. The hole was well mineralised with the following result:

                                                                                        431 – 434.85m 3.85m at 10.23% Zn, 5.99% Pb and 76.2g/tonne Ag

This drillhole provides further evidence that the Kilbricken discovery is not an isolated pod but is part of a larger mineralising system.


DRILLHOLE 09-3679-20

This hole is located 220m east-southeast of drillhole 09-3679-06. It intersected 4.95m of massive pyrite (Iron Sulphide). The pyrite contained minor lead and trace zinc but experience from Irish ore bodies indicates that massive pyrite often passes laterally into high grade zinc and lead mineralisation.


DRILLHOLE 09-3679-21

This drillhole is 60m north of drillhole 09-3679-17. It intersected 2.8m at 2.08% Zn and 0.4% Pb but more significantly it also intersected a major Fault Zone which cuts out approximately 150m of stratigraphy. The fault is thought to trend in an east – west direction but more drilling is needed to better define it. Faults of this type are believed to have an important role in the emplacement of Irish ore bodies.


ENDS

ENQUIRIES

Bishopsgate Communications
Nick Rome

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