Australian base metals exploration and development company Ironbark Zinc has announced that it received high grade copper and gold rock chip results from its 100% owned Fiery Creek prospect at the Peakview base metals project in New South Wales.The results come from more than 7 km of largely underexplored historic workings at the Fiery Creek prospect within the project area. They include up to 15.25% copper and 22.7 g/tgold. Ironbark conceded that the sampling results were significantly better than expected and drilling permits have recently been granted for the Peakview project and further permits will be immediately sought to include the Fiery Creek prospect.
Meanwhile, the company said it will continue to progress exploration programmes at its Australian projects; the Peakview base metals and the Captains Flat base metals projects, both in New South Wales, in tandem with its core focus of putting the Citronen base metal project in Greenland in to production.Ironbark is listed on the Australian Securities Exchange and is seeking to become a significant base metal mining house. Ironbark has a US$50 million (R439.99 million) funding facility provided by Glencore International AG to help drive the growth of the company. Ironbark said that it was seeking to build shareholder value through exploration and development of its projects and also to actively expand its project portfolio. Ironbark‘s wholly owned Citronen base metal project currently hosts in excess of 13.1 billion pounds of zinc and lead.