Belmore Resources (Holdings) plc - (PLUS ticker: BEL)
website: www.belmoreresources.com



2009
Belmore Resources is a minerals exploration company focusing solely on projects in the Republic of Ireland, priority being given to its zinc exploration properties in County Clare, where it has a current 100% interest in eleven prospecting licences covering 393 sq km.

Exploration activities have been accelerated following a joint venture agreement with Lundin Mining in February 2009 whereby Lundin has a right to earn a 70% interest in the County Clare licences if some £14.7 million is expended over the coming years, of which £700,000 had been spent as at end June: a very active drilling programme is currently being carried out, while further tests will also be run on targets identified on Belmore’s other licences.

2008
Belmore Resources is a minerals exploration company focusing solely on projects in the Republic of Ireland, priority being given to its zinc exploration properties in County Clare, where it has a 50% interest (with an extra 20% option for Euro 600,000 expenditure) in six prospecting licences and a 100% interest in three further prospecting licences. Previous exploration had identified a high grade resource of zinc and lead-rich massive sulphides of approximately 400,000 tonnes @12% zinc plus lead and 75 g/t silver. April brought an announcement of a new high grade zinc/lead mineralisation discovery from diamond drilling of 10 metres of 13.84% zinc plus 5.52% lead and 63 g/t silver which management rated as highly significant. Further diamond drilling will be necessary to determine the extent of the mineralisation while management evaluates these results and determines future strategy.

2007
Belmore Resources is a minerals exploration company focusing on projects in the Republic of Ireland and Northern Ireland, priority being given to its zinc exploration properties in County Clare. Here it has a 50% interest in six prospecting licences covering 267 sq km and a 100% interest in two prospecting licences covering 86 sq km. Previous exploration had identified a high grade resource of zinc and lead-rich massive sulphides of approximately 400,000 tonnes at 12% zinc plus lead and 75 g/t silver. Further 100% interest blocks are held in Donegal and Dromore, Northern Ireland.