Results of Gravity Surveying at Kilmallock

About this update from Unicorn Mineral Resources Public Limited Company

[{"type":"text","content":"\n\n \n \n30 July 2024\nUnicorn Mineral Resources Plc\n \n(\"Unicorn\" or the \"Company\")\n \nGravity Survey Results Identifies Five Strong and High-Priority Drill Target Anomalies at Kilmallock\n \nUnicorn Mineral Resources Plc (LSE:UMR), a mineral exploration and development company exploring for zinc, lead, copper and silver, with its main focus at present being the \"Limerick Basin\" in Ireland, is pleased to provide an update on the key findings from the recently conducted gravity geophysical survey at the Kilmallock Block Project located in southern County Limerick (\"Kilmallock\").\n \nØ Kilmallock is situated 20km south of Glencore's \"Pallas Green lead and zinc\" prospect and contiguous with, and approx. 15km along strike to the west, from TSX-V listed Group Eleven Resources Corporation's (\"Group Eleven\") newly discovered Ballywire Zinc-Lead-Silver Deposit\nØ The gravity geophysical survey was undertaken by geophysical contractors BRG and has been completed over the past two weeks\nØ A total of 174  gravity stations survey points were established across the Kilmallock licence block\nØ Data was collected using a LaCoste and Romberg gravimeter and corrected for various factors including instrument drift, elevation latitude, Bouguer and Free Air\nØ These results have been combined with the historic regional data to generate a detailed grid across the subcrop of the main target horizon, the Waulsortian Reef\nØ The results from the gravity survey have undergone detailed modelling and a number of high-priority drill targets have now been generated from the five main gravity anomalies identified from Bouguer Anomaly, Residual, 1st Vertical Derivative, and Analytic Signal modelling\nØ The five high-priority potential drill targets are all located on discrete, strongly anomalous zones with marked positive gravity responses located in regions underlain by prospective stratigraphy and structure\nØ A comparison of the Kilmallock gravity survey with that of Group Eleven's 2023 gravity  survey at the adjoining Ballywire Zinc-Lead-Silver Deposit confirms that they are strongly analogous\nØ Group Eleven has been using their gravity model to help target drill targets which led to the discovery of the Ballywire Zinc-Lead-Silver Deposit and where the best drill intersection to date has been ...

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