Navan mining veteran Peter McParland has won a joint venture deal to first investigate, and then possibly develop, a Welsh mountain prospect that is believed to have potential for copper, zinc, lead, gold and silver. Anglesey Mining is already carrying out feasibility and development work at the site, which has a reported resource of 2.1 million tonnes at 6.9pc combined base metals in the indicated category. McParland's mining services company QME, based in Co Meath, is to carry out an agreed programme of design, engineering and optimisation studies relating to the future development of Parys Mountain. In consideration of this, QME would earn a 30pc undivided joint venture interest in the Parys Mountain project. Its equipment division is a large provider of new and re-manufactured underground and open pit mining equipment to the international mining industry worldwide.

Source: Irish Independent December 02, 2018 12:00 UTC