ZMI’s Navan Project is located 15km south-east of Boliden’s world-class Tara Mine, which is the largest zinc mine in Europe with a resource base of 69.9Mt @ 10.1% Zn & 2.6% Pb.
The project area exhibits broad scale NNW and NNE regional faults with lesser parallel WSW trending lineations and is surrounded by historic lead and copper pits.
Exploration conducted by past explorers at the Navan Project was largely ineffective, and several coincident geochemical and geophysical anomalies exist that have never been followed up.
The Navan Project is located near the processing infrastructure of the Tara Mine, which has the capability to process several million tonnes of ore per year.
The project is in relatively under-explored terrane, in a region that is very tightly held by major mining companies including Boliden, Teck and BHP Billiton. This area has suffered from an extended period of under-exploration due to the significant cut-back in base metals exploration by the major resource companies.
Due to its proximity to the Tara Mine, ZMI’s Navan Project warrants a systematic exploration program to investigate the potential for a large, high-grade discovery analogous to the Tara deposit.