Connemara Mining has been granted two prospecting licences in Co. Cork.
The licences - PL 4504 and PL 4505 - are thought to be prospective for base metals.
The ground is around the former Ladyswell Barite mine which operated until the 1980s.
Barite is used as a drilling mud in oil exploration and has a number of medical and technical uses. It is frequently found in conjunction with base metal deposits. Modern systematic geophysical and drilling programmes have never been applied to the area. Connemara is looking at zinc, lead, silver and copper potential on the ground. Chairman John Teelingsaid: "While our current focus is on our gold/silver licences in Donegal; we keep a watchful eye on good base metal ground coming available. These two licences in Cork are high on our list of priority ground. The ground contains a former barite mine and has good base metal indications; modern exploration tools have never been applied. With zinc prices touching $2,300 a ton prospects are improving in this area."
At 3:50pm: (LON:CON) Connemara Mining Company PLC share price was 0p at 2p