Minco Starts Drilling on Moate Prospecting Licence

Aug 31, 2021

31 August 2021 – Minco Exploration plc (“MNX” or “Minco”) is pleased to announce that diamond drilling has started on its wholly-owned Prospecting Licence 1229 in County Westmeath to test a zinc-lead target.

The target, located to the east of Athlone, was defined following a detailed review of historic exploration results and more recent drilling by Minco. These data have defined a geological setting interpreted as analogous to that hosting the Tynagh mine (11.8 Mt @ 11.5% Zn+Pb) 45 km to the south-west.

Peter McParland, Minco’s CEO, commented that “We are very excited to get this new drill hole started and look forward to up-dating shareholders on progress during the coming weeks”.

Competent Person

Technical information in this news release has been approved by EurGeol John A. Clifford, P.Geo, Minco’s Director – Exploration and “Competent Person” as defined under the 2017 Pan-European Reporting Standard.

About Minco Exploration plc

Minco Exploration plc is a mineral exploration company focused on mineral exploration in Ireland, where Minco holds Prospecting Licences which are considered highly prospective for the discovery of zinc-lead mineralization.

The Licences are operated by Minco or in joint venture with Boliden Tara Mines. Minco is participating (20%) in a joint venture with Boliden (80%) on Licence 1440R (Tatestown), which lies immediately adjacent to Boliden’s large 130 million tonnes Tara zinc-lead mine at Navan. Minco is also participating in a joint venture with Boliden on Licence 3373 (Kells), contiguous to the west of Licence 1440R, where Minco can earn up to a 75% interest; and in a joint venture with Boliden on ten Prospecting Licences in County Galway (Slieve Dart) where Minco can earn up to a 50% interest. Minco also holds a 100% interest in two Licences at Moate, County Westmeath.

Additional information about the Company is available at www.MincoExploration.com.

Click here to download the full News Release. (PDF)

This news release may include certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization, resources and reserves, exploration results, and future plans and objectives of Minco Exploration, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Minco Exploration’s expectations are exploration risks detailed herein and from time to time in the filings made by Minco Exploration with securities regulators.