Great Glen Resources (Ireland)

Great Glen Resources projects
Metal
PB - Lead, ZN - Zinc
Location

Ireland

Metal

Lead & Zinc

Profile

Great Glen Resources (the “Company”) is a private base metals exploration company focused on Ireland. The company is currently conducting extensive surface sampling programs targeting lead-zinc mineralization on it’s wholly owned Carrick-on-Suir, Lismore and Castleblayney licenses.

Objective

Execute grassroots exploration programs in underexplored geological terrains comparable to the Tara mine area.

Investment Highlights

1. Talented exploration team will be led by exploration geologist Sean Jefferson under the supervision of Daniel James.

2. Familiarity with mining Clear permitting procedure. Major and mid-tier mining companies active in the country (e.g. Boliden: € 5 Bn+ market capitalization)

3. Prospective geology with little exploration in some metallogenic belts (because of lack of outcrop exposure)

4. Controlling a big land package (636 km2), spread over four concession groups throughout Ireland in underexplored areas

5. Excellent jurisdiction: Ireland is ranked 4th as mining jurisdiction worldwide (source: Fraser Institute annual survey of mining companies 2017)

6. Low valuation means high leverage to success.

7. Strong financial backing by Plethora Private Equity.

8. Systematic work planned throughout 2019 

Liquidity event

A public listing or private transaction if the 2019 exploration season proves to be successful is envisioned for 2020.

Corporate presentation en press releases / exploration updates

We have obtained licenses in 3 different areas (Monaghan-Clones / Castleblayney, Carrick-on-Suir and Lismore) with similar albeit slightly different, and thus un(der)explored, geological settings to the Tara mine area.
In depth desktop studies mainly focused on newly generated geophysical data from the government was concluded and highlighted some interesting areas in our licenses. Early 2019 exploration work highlighted significant anomalous areas on the Carrick-on-Suir license block.
During the spring of 2019 Great Glen geologists discovered significant, outcropping, lead-zinc mineralization in the Castleblayney area within a geological environment more typical for SEDEX-VMS style deposits.

 

Outlook

The remainder of 2019 will be focusing on advancing the Carrick-on-Suir project via low impact overburden drilling (Pionjar) and geophysics. Castleblayney will be subject to a follow up program to assess the potential size of the discovered mineralization.