ZMI holds a 100% interest in the Ballinasloe Project, via its wholly-owned subsidiary Beal Na Blath Resources Ltd.
The Ballinasloe Project is located in County Galway, 50km east of Galway/Carnmore on the Glentaun-Cloonark Regional Structure, in close proximity to the M7 motorway and regional rail.
Several large resource companies have completed exploration campaigns within the project area, including Canadian Superior, CSA, Ivernia West, Teck, Billiton Exploration Ireland Ltd, Navan Resources and Westland Exploration Ltd.
These exploration activities identified widespread regional mineralisation at Ballinasloe within the Early Mississippian Waulsortian Mudbank, with high-grade mineralisation intersected by Canadian Superior at Glentaun (0.6m @ 35% Zn from 6m).
Numerous high-quality targets have been identified that were never tested by previous explorers, who exited the region due to budget constraints and prevailing low zinc prices. These targets include coincident highly conductive and chargeable anomalies near mineralisation, untested geochemical anomalies in neighbouring prospecting licences and drillholes that failed to reach target depth.