Connemara Mining Company plc 14.25g/t gold over 0.5m at Inishowen (0349W)
November 09 2017 - 2:52AM
UK Regulatory
TIDMCON
RNS Number : 0349W
Connemara Mining Company plc
09 November 2017
9(th) November 2017
Connemara Mining Company plc
("Connemara")
14.25g/t gold over 0.5m at Inishowen
-- Assay results from the latest phase of drilling at Inishowen include:
Au
hole from to width ppm
---------- ----- ----- ------ ------
17-MR-08 21.5 22.0 0.5 14.25
---------- ----- ----- ------ ------
17-MR-09 42.6 43.6 1.0 0.35
---------- ----- ----- ------ ------
17-MR-11 5.9 6.4 0.5 0.43
---------- ----- ----- ------ ------
-- This has improved Connemara's understanding of the geometry of the mineralised zone
-- Prospecting has also identified gold occurrence 500m from drilling area
Connemara (AIM: CON) is pleased announce assay results from its
100%-owned Inishowen Gold Project, located in Donegal, Ireland. A
five hole drill programme was conducted in October at the Meeneragh
gold target in the southeast of the project to better understand
the gold bearing veins orientation and grade.
Hole 17-MR-08 intercepted gold mineralisation from 21.5m grading
at 14.25g/t gold over 0.5m and confirms that the vein is steeply
dipping. Hole 17-MR-09 returned 1m at 0.35g/t gold associated with
a 20cm quartz vein from 42.6m confirming the continuity of the vein
along strike. Hole 17-MR-11 intercepted a new vein 100m south with
0.43g/t gold over 0.5m from 5.9m. No significant mineralisation was
intercepted in the other holes.
John Teeling, Chairman, commented "we are pleased to provide
positive results for our Inishowen Gold Project. We are encouraged
by the high-grade in Hole 17-MR-08 and pleased to find further
mineralisation 50 metres along trend from the high-grade zone
identified in earlier drilling. The prospecting has located gold in
bedrock in the vicinity of Meeneragh which returned 0.14g/t Au.
This gives scope for the discovery of further mineralisation in the
wider area."
The confirmation of orientation and grade of veins including the
discovery of a new vein to the south has enabled Connemara
geologists to define a new wider exploration programme around the
target. Follow up work will include further interpretation of
existing geophysical data and newly processed data from the Tellus
airborne geophysical survey, which will be available in February
2018. This is expected to assist in better defining the regional
fault structures (especially the Glentogher Fault associated with
the Meeneragh target).
500 metres away to the northeast of the drilling location an
outcrop of faulted Green Bed returned 0.14g/t gold. The discovery
of gold in the Green Bed Member supports our expectation that the
source of gold is associated with the Green Bed rock type and we
believe follow up work should be concentrated over its entire 15km
strike length. Prospecting and mapping will continue over the
Inishowen target areas to locate the source of high-grade gold
found in historic stream sediment samples.
Information on Connemara Mining
Connemara is a diversified exploration company with principal
assets in gold and zinc exploration licences across Ireland.
Connemara now holds interests in a total of 47 licences, including
joint ventures with Teck at the Oldcastle Zinc Project and with
Group Eleven Resources at the Stonepark Zinc Project. There are
active exploration programmes on our gold projects in
Wicklow/Wexford as well as Donegal.
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
+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
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