Business
Update on Kilmallock
Unicorn Mineral Resources Plc has announced positive results from 3D gravity modelling at its Kilmallock project, identifying five pronounced anomalies potentially indicating alteration or massive sulphide mineralisation, guided by northwest-southeast trending faults. The company is commencing a further 340-station gravity survey to increase data density and generate a more robust density model, aiming to identify new drilling targets. This follows a 2024 survey that also showed encouraging gravity responses. The Kilmallock licences are situated in a highly prospective region within the Limerick Basin, adjacent to Group Eleven Resources' Ballywire Prospect, which has reported significant zinc, lead, copper, and silver intersections. Disclaimer*
About this update from Unicorn Mineral Resources Public Limited Company
Unicorn Mineral Resources Plc ("Unicorn", or "the Company") 29 June 2026 Update on Kilmallock Results of 3D Gravity Modelling at Unicorn's Kilmallock Licence and commencement of the next phase of surveying. Unicorn Mineral Resources Plc, (LSE: UMR), a mineral exploration and development company exploring for Zinc, Lead, Copper and Silver, announces the results of the 3D modelling of last year's gravity survey at the Company's Kilmallock project. Kilmallock lies in the highly prospective Limerick Basin close to the exciting Ballywire Prospect owned by Group Eleven Resources, who followed a similar approach prior to their successful drilling campaign. The 3D density model is a useful tool to guide future exploration of interesting anomalies that are untested by historic drilling to identify new drilling targets. Results of 3D Modelling Five pronounced anomalies (red, dashed polygons) are discrete features that lie in areas with prospective geology and structure and controlled by the significant northwest - southeast faults. These five features may be caused by alteration or possibly massive sulphide mineralisation, but the very obvious association with mapped and well constrained faulting is highly encouraging. The elongated northwest-southeast trending anomaly to the south of Bulgaden (Blue Arrow) seems to be controlled by the major northwest striking faults and has not been tested by drilling to date. Accordingly, the mineralisation intersected to date in this area could be a distal satellite of a more extensive mineralisation related to the density high. The Blue dashed polygon to the east is a potential anomalous response, but it is located at the edge of the surveyed area and cannot be confirmed yet, and further surveying will focus in this region. Recommendation The recommendation from the geophysicist was that the gravity survey needs to be extended to the east towards Ballywire, and to the south across the immediate Supra- Waulsortian, to enable the generation of a more robust and comprehensive density model before a targeted drilling programme is carried out. Next Steps Accordingly, Unicorn has engaged B.R.G. (Geotechnics) Limited ("BRG") to carry out a 340 station gravity survey across the Kilmallock Block designed to increase data density to approximately one station per 200m across the most prospective reg...
View stock analysis, news, and events for Unicorn Mineral Resources Public Limited Company