Glencore backs Ironbark’s Greenland project

Michael Allan McCrae | October 14, 2011 | 2:04 pm Base Metals Australia Europe Lead Zinc 

Ironback Zinc (ASX:IBG) announced on Thursday that Glencore International (LON:GLEN) will help the company with a US$50 million funding facility to advance Ironback’s Citronen base metals project in Greenland.

The lead-zinc Citronen project is located in northern Greenland. The company says that the current resource is the following:

  • Global Resource – 101.7Mt @ 4.7% Zn + Pb at a 2% Zn cut-off
  • Medium Grade – 56.0Mt @ 6.1% Zn + Pb at a 3.5% Zn cut-off with a
  • Higher-grade core of – 22.6Mt @ 8.2% Zn + Pb at a 5% Zn cut-off

Image from Ironback Zinc.

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