Belmore Resources (Holdings) Plc
("Belmore" or "the Company")
Further encouraging drilling results at Kilbricken
Belmore Resources, a minerals exploration company, is pleased to announce further results from the continuing
appraisal drilling of its Kilbricken Zinc- Lead- Silver discovery. The project is a joint venture with Lundin Mining
Exploration Ltd. ("Lundin"), a wholly owned subsidiary company of Lundin Mining Corporation (TSX:LUN, OMX:LUMI),
which is currently the operator of the drilling programme.
An active drilling programme is continuing on the Belmore/Lundin Joint Venture licences in County Clare. Three drill
rigs are active at the main Kilbricken Prospect (Prospecting Licence 3679) and a fourth drill rig is currently
drilling boreholes on other licences in the block to test additional targets.
Completed drillholes up to and including drillhole 3679-21 have been previously announced by the Company. This release
covers drillholes 3679-22 to 3679-38.
The drilling has continued to locate mineralisation in the Kilbricken area. The best results were obtained in
drillhole 3679-32 and 3679-38. Drillhole 3679-32 is 300 metres northwest of the initial discovery drillhole 3679-04
and 3679-38 is 120 metres east-northeast of the same discovery drillhole.
Drillhole From in To in metres Interval in % Zinc % Lead Silver Zinc plus
metres metres gm/tonne Lead
3679-32 355.8 360.5 4.7 8.48 1.93 18.18 10.40
Drillhole From in To in metres Interval in % Zinc % Lead Silver Zinc plus
metres metres gm/tonne Lead
3679-38 397.1 399.95 2.85 9.36 8.96 85.38 18.32
and
3679-38 418.5 424.3 5.8 6.98 4.0 53.75 10.98
Minor mineralisation was also encountered in drillholes 3679-28 and 3679-34 and most of the remaining holes contain
visible zinc and lead.
The additional drilling indicates the presence of a normal fault down-throwing approximately 100 metres to the south
and trending west-northwest to east-southeast. The hanging-wall of this fault is now a major target and drilling will
continue to test it initially in the area north and east of 3679-38 which is considered to be very prospective.
Company Chairman, Mr. Ian Forrest, commented: "The Company and its partner Lundin are both encouraged by these
continued positive results which are beginning to delineate a highly prospective lead zinc target.
"Lundin and Belmore are committed to advancing the current drilling programme and will continue to drill aggressively
allowing us to better understand the potential of the lead zinc target."
--ENDS--
The directors of the issuer accept responsibility for this announcement
ENQUIRIES:
Belmore Resources (Holdings) Plc Tel: 00353 876812883
Patrick Mahony
Bishopsgate Communications Ltd Tel: 020 7562 3350
Nick Rome/Michael Kinirons
Rivington Street Corporate Finance Tel: 020 80990571
Eran Zucker
Notes to Editors
About Belmore
Belmore is a minerals exploration company with a focus on projects in the Republic of Ireland. Whilst prospects for
any mineral will be considered, priority will be given to the Company's zinc exploration properties in County Clare.
Clare Blocks (Republic of Ireland): Belmore now has a 100% interest in 10 prospecting licences covering 360 sq
kilometres.
As announced by the Company in April 2008 diamond drilling on Prospecting Licence 3679, in which Belmore holds a 100%
interest, near Quin in County Clare, intersected newly discovered zinc and lead mineralisation. The drillhole
intersected 18 metres of massive sulphide at the base of the Waulsortian Reef. The top part of that massive sulphide
consists of virtually barren pyrite but the bottom part contains high-grade zinc and lead sulphides as well as pyrite
and arsenopyrite. The interval from 448.1 to 458.1 metres gave the following composite result: 10 metres at 13.84%
Zinc, 5.52% Lead and 62.84 gm/tonne Silver.
As announced on the 26th February 2009, Belmore has entered into an agreement with Lundin Mining Exploration Ltd, in
respect of Prospecting Licences that the Company currently holds in Co. Clare. Lundin has a right to earn up to a 70%
interest in the Prospecting Licences that Belmore currently holds in Co. Clare by spending up to €14.7 million over a
number of years. In June 2009 Lundin exceeded the agreed initial expenditure of €700,000 and has since that time
accelerated its earn-in spending.
Previous exploration identified a high-grade resource of zinc and lead rich massive sulphides (approximately 400,000
tonnes @ 12% zinc plus lead and 75g/t silver) in the area of Milltown.
For further information please visit www.belmoreresources.com
Belmore Resources (Holdings) plc