Alba Mineral Resources has received full laboratory assay results from select soil samples taken during recent programme at the Limerick base metal project which confirm four main areas of anomalism.
Alba said the most pronounced anomalism for copper-silver-arsenic (Cu-Ag-As) was similar to that found at former Gortdrum copper-silver (Cu-Ag) mine 25 km due east.
Gortdrum was mined for copper-silver-mercury (Cu-Ag-Hg) between 1967 and 1975, producing 3.8 million tonnes containing 1.19% Cu and 25.1 g/t Ag.
This new target will now form the focus for additional work on the licence.
The company is now considering the next stage of work on the Limerick project which may include conducting several induced polarisation (IP) lines over potential targets not previously tested.
If warranted, follow-up exploration drilling will take place to determine the cause of geochemical and geophysical anomalism.
Chief executive Michael Nott said: "The four principal anomalies that have been identified provide us with targets for follow-up exploration.
"In particular, the copper-silver-arsenic-antimony anomaly discovered matches quite closely the profile of the copper-silver-mercury mine at Gortdrum, just 25km to the east.
"Gortdrum was mined for copper-silver between 1967 and 1975, producing 3.8 million tonnes containing 1.19% copper and 25.1 g/t silver, as well as recoverable quantities of mercury.
"This is further evidence that we are in the right address geologically.
"This target will be our focus for ongoing work at Limerick."
At 9:14am: (LON:ALBA) Alba Mineral Resources PLC share price was -0.02p at 0.34p