13:08דצמבר 03, 2021MT Newswires

Adventus Mining Initiates Drilling on Rathkeale Property in Ireland

Adventus Mining () said Friday that it has started exploration scout hole drilling on its Rathkeale block in County Limerick in the Republic of Ireland.

The company's stock, which remained unchanged in Canada yesterday, also remained unchanged in early Frankfurt trading on Friday.

The company is carrying out the drilling under the earn-in agreement with a wholly-owned subsidiary of South32 Ltd., which has a right to buy a 70% interest in the Kingscourt, Rathkeale, and Fermoy blocks, which are 100% owned by Adventus through its wholly-owned subsidiary, Adventus Zinc Ireland Ltd.

Adventus said it has selected seven targets for the initial phase of exploration scout hole drilling on the Rathkeale Block. A total of 5,000 meters of drilling is planned to target the prospective base of Waulsortian limestone for zinc-lead mineralization, the company said.