Ironbark announces world-class resource Ironbark project area...

Ironbark announces world-class resource

Ironbark project area


Ironbark has reported a strong resource upgrade at its wholly owned Citronen Fjord Zinc Project in Greenland, with recent exploration at the project resulting in an increase in contained metal of more than 130 percent, equating to approximately seven billion pounds of zinc.

Canadian-based global engineering and geological firm, Wardrop Engineering Inc has independently calculated resources at Citronen to be 73 Mt @ 4.2% Zn, 0.5% Pb.

Ironbark Managing Director, Jonathan Downes said the focus on Citronen this year was a major decision for the company.

“We knew Citronen represented a major undeveloped zinc resource and this latest development into world-class territory is a big step towards Ironbark becoming a substantial zinc producer,” Mr Downes said.

Ironbark has also developed considerable site infrastructure at Citronen, including camp and accommodation construction, servicing equipment upgrades and improvements to the existing airstrip.

Ironbark said it will commence an intensive drilling campaign at Citronen in 2008. The company said it also plans to undertake future drilling to potentially highlight prospective areas along the belt.

“In our view, Citronen may represent only a small part of a larger SEDEX camp, as the resource is open to further mineralisation in every direction and is constrained only by drilling,” Mr Downes said.

- 23 Nov 2007