Connemara Mining Company plc Further Drilling to Commence at Inishowen Project (2708R)
September 20 2017 - 3:42AM
UK Regulatory
TIDMCON
RNS Number : 2708R
Connemara Mining Company plc
20 September 2017
20(th) September 2017
Connemara Mining Company plc ("Connemara")
Further Drilling to Commence at the Inishowen Project
Connemara (AIM: CON) is pleased to announce that further diamond
drilling at its 100%-owned Inishowen Gold Project will commence on
25 September 2017.
Initially, five (5) holes are planned to test the geometry and
extension of gold bearing veins discovered in 2016. In addition
more mapping and sampling will be conducted over the wider
area.
John Teeling, Chairman, stated "This is the next step in our
gold exploration programme in Donegal. We need to find out if the
gold bearing veins discovered in 2016 extend across the licence.
Other operations in bordering County Tyrone in similar geological
settings include the Galántas Gold Corp's operating Omagh Gold Mine
and the significant gold reserve established at Dalradian
Resources' Curraghinalt Project. "
Inishowen Project
The Inishowen project consists of eleven (11) contiguous
prospecting licences located on the Inishowen peninsula in County
Donegal, Ireland. These licences cover the entire Green Bed Member
of the Dalradian Supergroup on the peninsula which is considered by
Connemara to be highly prospective for mesothermal gold.
This next round of drilling is expected to build on the success
of the initial discovery in April 2016 where 3.05m grading at
5.8g/t Au was discovered in hole 3 at 23.05m. In June 2016 a
further 643m was drilled over 4 holes targeting the veins from the
north drilling south. A high-grade zone was intercepted at 8.13m at
a steeper angle of 70 degrees grading 4.82m at 5.48g/t Au. The zone
was not located in the step back drilling further from the north.
The new 2017 holes will target the veins by drilling from the south
in order to establish the geometry of the gold-bearing veins.
In addition, more detailed structural data in the surrounding
area will be collected that may assist expert analysis to direct
further drill programmes. New targets identified from compilation
work will also be investigated over the northern part of the
project area.
Information on Connemara Mining
Connemara is a diversified exploration company with principal
assets in gold and zinc exploration licences across Ireland.
Connemara holds interests in a total of 35 licences, including
joint ventures with: Teck at the Oldcastle Zinc Project; Group
Eleven Resources at the Stonepark Zinc Project; and with Hendrick
Resources at Mine River Gold Project. Of these, 24 are 100% owned
by Connemara while joint venture partners have earned in on the
remainder.
This announcement has been reviewed and approved by Gavin
Berkenheger (CGeol) in his capacity as the Qualified Person for the
purposes of the AIM Guidance Note for Mining, Oil and Gas Companies
issued by the London Stock Exchange.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
ENDS
Enquiries:
Connemara Mining Company
Plc
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Director
+353 (0) 87 272
1748
+44 (0) 7552 378
Patrick Cullen, CEO 208
Northland Capital Partners
Limited
Matthew Johnson / Gerry +44 (0) 203 861
Beaney 6625
John Howes / Bonnie
Hughes (Broking)
+44 (0) 207 138
Blytheweigh 3204
+44 (0) 783 185
Nick Elwes 1855
+44 (0) 781 784
Camilla Horsfall 1793
Teneo PSG
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.connemaramc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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