Lundin raises hopes for Clare mine

LUNDIN MINING said yesterday that it has “anticipation of future good results” from a 350sq km silver, lead and zinc prospect it co-owns in Co Clare.

Last Thursday, hopes of establishing a mine at the site received a major boost, with Belmore Resources recommending to its shareholders to accept a €7.2 million cash offer from Lundin to buy out the company. Belmore’s sole asset is the Clare prospect and the offer represents a windfall for its shareholders, 60% of whom are Irish.

Speaking yesterday from Ontario, Lundin Mining’s senior vice-president of exploration and new business development Neil O’Brien said: “If the deposits are there, we will find them and push on to establish it as the next mine for the Lundin Corporation.”