Connemara Mining Company plc Prospecting Update - Wicklow/Wexford Gold Project (5829B)
January 11 2018 - 1:13AM
UK Regulatory
TIDMCON
RNS Number : 5829B
Connemara Mining Company plc
11 January 2018
11(th) January 2018
Prospecting Update from Wicklow / Wexford Gold Project
-- 4.53 g/t gold over 8 metres at Tombreen
-- The 8 metre intersection at Tombreen includes 2 metres grading at 16.1 g/t gold
-- Prospecting highlights from surface samples collected at
Gibbet Hill include 5 samples with grades in excess of 0.5 g/t gold
and as high as 5.08 g/t gold
-- Assay results from drilling at Tombreen (TB) and Gibbet Hill (GH) include:
From To Width Au
Hole (m) (m) (m) (g/t)
---------- ----- ----- ------ -------
17-TB-01 46.5 47.5 1.0 0.32
---------- ----- ----- ------ -------
17-TB-01 63.0 66.0 3.0 0.17
---------- ----- ----- ------ -------
17-TB-01 74.0 82.0 8.0 4.53
---------- ----- ----- ------ -------
17-TB-01 78.0 80.0 2.0 16.10
---------- ----- ----- ------ -------
17-TB-01 89.0 92.0 3.0 0.59
---------- ----- ----- ------ -------
17-GH-01 36.0 37 1.0 0.25
---------- ----- ----- ------ -------
17-GH-01 47.0 48 1.0 0.17
---------- ----- ----- ------ -------
17-GH-01 60.5 61.5 1.0 0.21
---------- ----- ----- ------ -------
Connemara (AIM: CON) is pleased announce results at its
100%-owned Mine River gold project located in Wicklow and Wexford,
south east Ireland. Three holes were drilled in December, one at
the Tombreen target and two at Gibbet Hill. Assay results confirm 8
metres grading 4.53 g/t gold (Au) at Tombreen, including a 2 metre
intersection grading 16.1 g/t Au. Mineralisation ranging from 0.17
g/t Au to 0.25 g/t Au over several intersections was confirmed in
one of the holes at Gibbet Hill. In addition, prospecting
activities have confirmed significant mineralisation in the area
around Gibbet Hill, with surface samples reporting grades as high
as 5.08 g/t Au.
John Teeling, Chairman, stated "This is a very strong result
from the Tombreen hole. An 8 metre intersection at 4.5 g/t gold
would be very satisfactory but 2 metres of 16.1 g/t gold within
that is truly exciting. Tombreen is a known gold area but this is
better than anything previously reported. The results at Gibbet
Hill, 5km to the south are encouraging. We knew the vein system
extends through the ground, the good rock samples demonstrate the
presence of gold, as does the low gold grades discovered in hole 1.
It suggests more drilling to find the veins. We will now focus our
work on the Tombreen, Knocknalour, Gibbet Hill area."
The 8m intersection from 74m grading at 4.53 g/t Au at Tombreen
(17-TB-01) has demonstrated substantial mineralised thicknesses.
The best reported historical intersection at Tombreen was 50cm
grading at 21.28 g/t Au from 70.7m (2558-3). The new intersection
includes 2m from 78m at 16.1 g/t.
Drilling at Gibbet Hill 5km to the south of Tombreen,
demonstrated gold mineralisation in one of the holes. Further
surface sampling has provided further data to support significant
mineralisation in the target area. Detailed structural mapping was
completed while drilling was underway and this data, along with all
available geophysical and sampling data is now being reviewed.
Three kilometres to the south east of Tombreen, historic
drilling at Knocknalour included six holes with results including:
40cm grading at 19.9g/t Au from 96.0m (2554-2) and 30cm grading at
10.45g/t Au from 88.5m (2554-3). Connemara's geologists suspect
some drilling may have terminated within mineralisation and, in
light of the significant increase in the thickness of
mineralisation confirmed at Tombreen, these results are being
reviewed. It is possible that historic core may be available.
The latest results confirm the area between Tombreen,
Knocknalour and Gibbet Hill as the focus of the Mine River project.
This extends for 5 kilometres at the southern end of the overall
trend, which is a 15 kilometre long target confirmed by drilling
and identified from geochemical surveys in streams and soils. There
is significant strata-bound gold mineralisation broadly associated
with the contacts between Ordovician volcanic rocks and
metasedimentary rocks following the Caledonian northeast -
southwest trend. The mineralisation being targeted by Connemara is
associated with a significant geophysical anomaly identified in the
airborne geophysical survey flown by Hendrick Resources in 2012
(combined with the Tara Exploration survey of 2000).
Information on Connemara Mining
Connemara is a diversified exploration company with principal
assets in gold and zinc exploration licences across Ireland.
Connemara currently 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 Mine River gold
project in Wicklow/Wexford as well as at our Inishowen gold project
in 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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