Proactiveinvestors RSS feed en Wed, 21 Feb 2018 17:17:41 +0000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[Media files - Connemara Mine River Grades Good as Gold ]]> Thu, 11 Jan 2018 16:22:00 +0000 <![CDATA[News - Connemara Mining reports strong gold grade at Mine River in Ireland ]]> Connemara Mining Company PLC (LON:CON) saw its shares gain 4% today as it reported high gold grades from one of three holes drilled recently at its Mine River prospect in Wicklow and Wexford in Ireland. 

Assay results from the hole at the Tombreen target indicated an 8m section grading 4.53 g/t gold, which included 2m at 16.1 g/t. 

READ: Connemara Mining says Mine River gold project on track

Mineralisation ranging from 0.17 g/t to 0.25g/t over several intersections was also confirmed in a hole at nearby Gibbet Hill, while surface samples from the surrounding area contained grades as high as 5.08 g/t.


John Teeling, chairman, said it was 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.”  

WATCH: Connemara Mining highlights reinvigoration of Irish mining scene

The results at Gibbet Hill, 5km to the south were also encouraging he added.  

“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.”

In late afternoon trading, Connemara Mining shares were up 4%, or 0.18p at 4.55p.

 -- Adds share price --  

Thu, 11 Jan 2018 08:41:00 +0000
<![CDATA[RNS press release - Prospecting Update - Wicklow/Wexford Gold Project ]]> Thu, 11 Jan 2018 07:13:11 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 02 Jan 2018 14:55:16 +0000 <![CDATA[News - Connemara Mining says Mine River gold project on track ]]> Connemara Mining PLC (LON:CON) said it has achieved its key objectives at its Mine River gold project in Wicklow and Wexford, Ireland.

The company has drilled two holes at Gibbet Hill at 193 metres and another at Tom Breen at 97 metres. Elsewhere in the project area, it has completed sampling and mapping.

WATCH: Connemara Mining boss looking forward to busy 2018 after 'excellent' four months as CEO

Drill and field samples will be delivered to the assay laboratory on Friday and results are expected in January.

Chairman Johan Teeling said the geological mapping and field sampling has already yielded information and the company will have new drill targets for the New Year.

“Our geologists and drill contractors have been busy for the past month on our Mine River project in Wicklow and Wexford,” said chairman Johan Teeling.

“There have been challenging weather conditions as expected but we are satisfied with progress.” 

WATCH: Connemara Mining advancing exciting Zinc and Gold projects in Ireland

Historic drilling at the project has proven gold mineralisation in bedrock along the trend.

The focus of the project is a 15 kilometre long target that has been identified by geochemical surveys, indicating significant strata-bound gold mineralisation associated with the contacts between Ordovician volcanic rocks and metasedimentary rocks

Thu, 21 Dec 2017 07:57:00 +0000
<![CDATA[RNS press release - Update on Gold Drilling and Field Exploration ]]> Thu, 21 Dec 2017 07:00:03 +0000 <![CDATA[Media files - Connemara Mining boss looking forward to busy 2018 after 'excellent' four months as CEO ]]> Mon, 18 Dec 2017 08:09:00 +0000 <![CDATA[RNS press release - Gold Drilling to Commence at Mine River ]]> Thu, 16 Nov 2017 09:52:47 +0000 <![CDATA[Media files - Connemara Mining highlights reinvigoration of Irish mining scene ]]> Fri, 10 Nov 2017 11:28:00 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 09 Nov 2017 13:37:11 +0000 <![CDATA[News - I’m here to get things moving, says new Connemara chief Patrick Cullen ]]> It’s early days for Patrick Cullen at Connemara Mining PLC (LON:CON). But less than two months into the job, he’s already brimming with enthusiasm for the company’s potential.

This in itself tells a story, as he’s not been attracted to the company by any form of significant salary.

WATCH: Connemara Mining advancing exciting Zinc and Gold projects in Ireland

Rather, it’s the Irish gold and zinc assets themselves, and what he believes he can do with them at this stage of the cycle.

Cullen’s relatively new on the Irish junior mining scene, but he fits right in.

An Irishman himself, with a geoscience background at Schlumberger, many years of experience in 3D seismics and mining at AngloGold (including a major re-design of two levels at Western Deeps) and subsequent experience with junior explorers in Africa, this is a man who arrives with a perfect feel for what he’s doing.

And when he decided to move his family to Ireland, he cast his eye around for likely-looking opportunity.

“I found John Teeling and these very good assets and I thought we could definitely do something,” he says.

And his idea of doing something is entirely operational. He’s not on the board and his main remuneration is option-based. If he can make things happen on the ground, he’ll be rewarded.

"Much to be getting on with" ....

“My role is to get things moving,” he says.

There’s much to be getting on with.

Founded as one of the stable of John Teeling companies that also includes Botswana Diamonds (LON:BOD) and Clontarf Energy (LON:CLON), Connemara has over the years amassed a suite of zinc and gold assets in Ireland and made plenty of progress on both.

Things have slowed down a bit in recent years though, as joint venture partner Teck proved less than steady in the level of its commitment at a key asset, Stonepark, and eventually sold out to Group Eleven, a private vehicle backed by MAG Silver (TSE:MAG) that’s due to list shortly in Toronto.

Connemara holds a 23.44% working interest in Stonepark, so it will not be making the running there, but even so that stake could still turn out to be very valuable. Next door, on the Pallas Green license, owned once upon-a-time by Minco, the word is that Glencore has six drill rigs at work and thats an already significant resource that could get bigger.

What that will ultimately mean for Stonepark isn’t clear, but Cullen expects Group Eleven to go to work on the project in a fairly serious way, and for Connemara’s end to come in at around £500,000 over the next two years.

That’s money Cullen reckons he can raise fairly easily, with the help of outstanding warrants, but it would be easier of course if he could get the share price moving.

Inishowen gold project push

In part, that’s why Connemara is now stepping up the work programme at its Inishowen gold project, which isn’t so far away from the Curraghinalt project that made Dalradian Resources (LON:DALR) a £200mln company.

Inishowen’s a long way from that at the moment, but the early work has been good.

“The second lot of drilling that the company did last summer hit 5 grams per tonne gold over 4.8 metres,” says Cullen.

“We’ve just done five more holes and further results will be back in a couple of weeks.”

But if there’s an idea that this will put a little zest into the share price with this drilling, the long game is far more interesting.

Cullen wants to put maybe 70 holes into three or four targets right across the licence and to work it up as a regional trend. And he wants to keep hold of it all while he does it. They also have near-term plans for drilling at their other gold project in the south-east of Ireland.

“I’m not giving up any of this ground and I’m not doing any deals,” he says. “We’ve got to drill more holes. We don’t want to miss another Curraghinalt.”

Thu, 09 Nov 2017 11:07:00 +0000
<![CDATA[RNS press release - 14.25g/t gold over 0.5m at Inishowen ]]> Thu, 09 Nov 2017 08:52:25 +0000 <![CDATA[Media files - Connemara Mining advancing exciting Zinc and Gold projects in Ireland ]]> Mon, 30 Oct 2017 15:54:00 +0000 <![CDATA[RNS press release - Drilling Completed at Inishowen ]]> Fri, 27 Oct 2017 07:00:02 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Wed, 25 Oct 2017 14:29:13 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 19 Oct 2017 11:50:35 +0100 <![CDATA[RNS press release - Acquisition Increases Wicklow Gold Strike Length ]]> Thu, 19 Oct 2017 07:00:03 +0100 <![CDATA[RNS press release - Report On Stonepark Zinc Published ]]> Tue, 17 Oct 2017 10:14:23 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Fri, 13 Oct 2017 12:16:32 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 03 Oct 2017 13:29:14 +0100 <![CDATA[RNS press release - Interim Statement for the period ended 30 June 17 ]]> Tue, 26 Sep 2017 07:00:07 +0100 <![CDATA[RNS press release - Further Drilling to Commence at Inishowen Project ]]> Wed, 20 Sep 2017 09:42:40 +0100 <![CDATA[RNS press release - Group Eleven Acquires Teck Stake in Stonepark ]]> Wed, 13 Sep 2017 07:00:03 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 07 Sep 2017 09:54:57 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Wed, 06 Sep 2017 15:10:44 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Mon, 04 Sep 2017 16:00:34 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Tue, 15 Aug 2017 07:15:01 +0100 <![CDATA[RNS press release - Placing ]]> Tue, 15 Aug 2017 07:00:03 +0100 <![CDATA[RNS press release - Senior Management Appointment ]]> Mon, 14 Aug 2017 12:14:45 +0100 <![CDATA[RNS press release - Highlights of Statements Made at the AGM ]]> Mon, 24 Jul 2017 13:37:34 +0100 <![CDATA[RNS press release - Holding in Company ]]> Mon, 10 Jul 2017 09:18:01 +0100 <![CDATA[RNS press release - Holding in Company ]]> Wed, 28 Jun 2017 10:09:15 +0100 <![CDATA[RNS press release - Final Results for the Year Ended 31 December 2016 ]]> Wed, 28 Jun 2017 07:00:03 +0100 <![CDATA[RNS press release - Holding in Company ]]> Tue, 13 Jun 2017 16:41:16 +0100 <![CDATA[RNS press release - Focus on Inishowen Gold Prospect ]]> Wed, 26 Apr 2017 07:00:06 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 25 Apr 2017 14:49:34 +0100 <![CDATA[RNS press release - Holding in Company ]]> Thu, 13 Apr 2017 10:07:30 +0100 <![CDATA[RNS press release - Five New Lead/Zinc Properties in Irish Midlands ]]> Fri, 31 Mar 2017 07:00:09 +0100 <![CDATA[RNS press release - Options Granted ]]> Tue, 21 Mar 2017 15:50:41 +0000 <![CDATA[RNS press release - Exploration Update ]]> Wed, 08 Feb 2017 13:05:50 +0000 <![CDATA[RNS press release - Oldcastle Drilling ]]> Fri, 04 Nov 2016 07:00:06 +0000 <![CDATA[RNS press release - Interim Results ]]> Thu, 29 Sep 2016 07:00:06 +0100 <![CDATA[RNS press release - New Prospecting Licences in Cork ]]> Tue, 06 Sep 2016 07:00:07 +0100 <![CDATA[RNS press release - Intercepts 4.82m at 5.48g/t gold at Inishowen ]]> Wed, 03 Aug 2016 07:00:07 +0100 <![CDATA[RNS press release - Highlights of the Chairman's Statement from AGM ]]> Thu, 28 Jul 2016 10:55:59 +0100 <![CDATA[RNS press release - New Gold System Identified in Inishowen Drilling ]]> Wed, 27 Jul 2016 07:00:07 +0100 <![CDATA[RNS press release - Final Results for the Year Ended 31 December 2015 ]]> Tue, 28 Jun 2016 08:55:38 +0100 <![CDATA[RNS press release - Drilling In Inishowen, Donegal ]]> Tue, 31 May 2016 10:37:47 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Fri, 27 May 2016 12:19:07 +0100 <![CDATA[RNS press release - Inishowen Second Phase Drill Programme Begins ]]> Mon, 23 May 2016 07:00:05 +0100