NorthMin Corporation (TSXV: NMB) has been granted six new prospecting licences across its wholly owned Tynagh project in the Republic of Ireland, roughly quadrupling the company’s ground position to 215.7 square kilometres from 46.4.
The additions sit contiguous to the existing licence covering the historic Tynagh mine and give NorthMin seven licences in total, spanning three structural trends within 17 kilometres of the mine site. Held through Irish subsidiary Viridian Metals Ireland, the new licences run for six years and carry minimum spending commitments of €240,000 over that period, though the company is free to surrender any that fail to justify further work.
The new ground captures two additional fault structures, Pallas and Ballyshrule, the latter tied to historic drill evidence of copper mineralization that has never been fully tested.
“We are pleased to expand our ground position around the Tynagh project to encompass additional targets that have been identified,” said Chief Executive Officer Julian Vickers, who pointed to recent high-grade copper intercepts logged beneath the historic deposit.
Separately, NorthMin has secured a permit for a 39 hole infill drilling program on its tailings ponds, valid through June 2028. A geotechnical rig is expected to mobilize within weeks to collect fresh metallurgical samples from the West Pond.
NorthMin last traded at $0.15 on the TSX Venture.
