6th Nov 2019 16:01
(Alliance News) - IMC Exploration Group PLC on Wednesday said it is continuing studies on the precious metals found at its Avoca deposit and Kilmacoo gold prospect in Wicklow, Ireland.
The metal processing company said the work is progressing in association with the Raw Materials Characterization Laboratory at Trinity College Dublin.
IMC explained that the aim of the work is to characterise the form of gold to assess the extent of syn-tectonic enrichment during the Caledonian Orogeny.
The study is refining the understanding of metal zonation and sulphide paragenesis within the Avoca orebodies and Kilmacoo prospect, which will allow the development of a "robust" mineral deposit model for gold mineralisation across the Avoca district in particular and south-east Ireland in general, IMC said.
"The microanalytical approach will benefit and support our forthcoming metallurgical testing," said Executive Chair Eamon O'Brien.
IMC shares were trading 1.8% lower in London on Wednesday at 1.67 pence each.
By Evelina Grecenko; [email protected]
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