Minco PLC Regulatory News (MIO)

17 Jul 2007 07:30

Minco PLC17 July 2007 Minco Plc DRILLING EXPANDS AREA OF HIGH GRADE ZINC AT PALLAS GREEN London, 17 July, 2007 - Minco plc (MIO), the London AIM quoted precious and basemetals exploration and development company announces the results of furtherdrilling at the Tobermalug prospect which forms part of its Pallas Green,Ireland joint venture with Xstrata Zinc (Minco 23.6%). Highlights • Results for hole MN 636-059 return several sulphide intersectionsincluding 6.70 metre (core length) grading 8.63% zinc and 1.58% lead. • Five drill rigs continue to operate in the vicinity of the Tobermalugprospect. Drill hole 636-059 is collared 100 metres to the southwest of hole 636-057 whichreturned a 24.40 metre (core length) intersection averaging 7.13% zinc and 0.47%lead (results reported July 6, 2007). Significant zinc and lead mineralization,associated in places with intersections of weakly mineralized pyritic sulphides,up to 40 or 50 metres in thickness has now been recorded over an north-trendingzone at Tobermalug some 1,200 metres in length and up to 600 or 700 metres inwidth. Five drills continue to operate at the Tobermalug prospect. Summary of assay results for MN-636-059 From To Width Zinc Lead (%) (m) (m) (m) (%) 337.65 339.45 1.80 2.16 0.09 343.30 350.00 6.70 8.63 1.58Incl. 343.30 344.45 1.15 25.77 6.12Incl. 347.85 350.00 2.15 9.89 1.28 362.70 365.45 2.75 2.78 0.52 411.60 412.90 1.30 5.31 2.14 Exploration Director's Comment Commenting on the announcement, Terence McKillen, Director of Exploration andBusiness Development said: "The results for drill hole 636-059 taken togetherwith the results released last week for adjacent and nearby holes confirms theexpansion of the area of high grade zinc mineralization at Tobermalug and addsto the tonnage potential. Step-out drilling to the south, east, southeast andnortheast is continuing to further delineate the zone of mineralization. We willpost additional assay results as they are received." QUALIFIED PERSON The above information has been reviewed and verified by Mr. Roger Turner, CEOand Chairman of Minco, for the purposes of the Guidance Note for Mining, Oil andGas Companies issued by the London Stock Exchange in March 2006. Mr. Turner,with 40 years of mining engineering, management and consulting experience,graduated as a mining engineer from the Camborne School of Mines, has an M.Sc.degree in Economic Geology from Leicester University and is a member in goodstanding with the Institute of Materials, Minerals and Mining and a UK CharteredEngineer. About Minco: Minco PLC is an AIM quoted precious and base metals exploration and developmentcompany with silver projects in Mexico and zinc exploration in Ireland. For further information, www.minco.ie or contact:Roger Turner: Executive Chairman +44 (0)20 7397 8155Terence McKillen: Director of Exploration & Business Development +1 416 362 6686Simon Beardsmore: Commercial Manager +44 (0)20 7397 8159Chris Rollason: (UK NOMAD) Collins Stewart +44 (0)20 7523 8350Nick Bias: (UK IR & PR) BuckBias +44 (0)7887 920 530Tom McCormack (Ireland PR) ConneXions +353 (0)1 230 3015 This information is provided by RNS The company news service from the London Stock Exchange