http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Wed, 22 Nov 2017 07:27:01 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Gold Drilling to Commence at Mine River ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171116095247_13434069/ Thu, 16 Nov 2017 09:52:47 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171116095247_13434069/ <![CDATA[Media files - Connemara Mining highlights reinvigoration of Irish mining scene ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8352/connemara-mining-highlights-reinvigoration-of-irish-mining-scene-8352.html Fri, 10 Nov 2017 11:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8352/connemara-mining-highlights-reinvigoration-of-irish-mining-scene-8352.html <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171109133711_13426510/ Thu, 09 Nov 2017 13:37:11 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171109133711_13426510/ <![CDATA[News - I’m here to get things moving, says new Connemara chief Patrick Cullen ]]> http://www.proactiveinvestors.co.uk/companies/news/187007/im-here-to-get-things-moving-says-new-connemara-chief-patrick-cullen-187007.html 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.”

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Thu, 09 Nov 2017 11:07:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187007/im-here-to-get-things-moving-says-new-connemara-chief-patrick-cullen-187007.html
<![CDATA[RNS press release - 14.25g/t gold over 0.5m at Inishowen ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171109085225_13425995/ Thu, 09 Nov 2017 08:52:25 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171109085225_13425995/ <![CDATA[Media files - Connemara Mining advancing exciting Zinc and Gold projects in Ireland ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8306/connemara-mining-advancing-exciting-zinc-and-gold-projects-in-ireland-8306.html Mon, 30 Oct 2017 15:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8306/connemara-mining-advancing-exciting-zinc-and-gold-projects-in-ireland-8306.html <![CDATA[RNS press release - Drilling Completed at Inishowen ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171027070002_13410822/ Fri, 27 Oct 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171027070002_13410822/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171025142913_13408928/ Wed, 25 Oct 2017 14:29:13 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171025142913_13408928/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171019115035_13402492/ Thu, 19 Oct 2017 11:50:35 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171019115035_13402492/ <![CDATA[RNS press release - Acquisition Increases Wicklow Gold Strike Length ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171019070003_13401596/ Thu, 19 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171019070003_13401596/ <![CDATA[RNS press release - Report On Stonepark Zinc Published ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171017101423_13399120/ Tue, 17 Oct 2017 10:14:23 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171017101423_13399120/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171013121632_13396410/ Fri, 13 Oct 2017 12:16:32 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171013121632_13396410/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171003132914_13384422/ Tue, 03 Oct 2017 13:29:14 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20171003132914_13384422/ <![CDATA[RNS press release - Interim Statement for the period ended 30 June 17 ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170926070007_13374980/ Tue, 26 Sep 2017 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170926070007_13374980/ <![CDATA[RNS press release - Further Drilling to Commence at Inishowen Project ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170920094240_13369060/ Wed, 20 Sep 2017 09:42:40 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170920094240_13369060/ <![CDATA[RNS press release - Group Eleven Acquires Teck Stake in Stonepark ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170913070003_13360673/ Wed, 13 Sep 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170913070003_13360673/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170907095457_13355072/ Thu, 07 Sep 2017 09:54:57 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170907095457_13355072/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170906151044_13354032/ Wed, 06 Sep 2017 15:10:44 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170906151044_13354032/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170904160034_13351316/ Mon, 04 Sep 2017 16:00:34 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170904160034_13351316/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170815071501_13330065/ Tue, 15 Aug 2017 07:15:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170815071501_13330065/ <![CDATA[RNS press release - Placing ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170815070003_13329730/ Tue, 15 Aug 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170815070003_13329730/ <![CDATA[RNS press release - Senior Management Appointment ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170814121445_13329094/ Mon, 14 Aug 2017 12:14:45 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170814121445_13329094/ <![CDATA[RNS press release - Highlights of Statements Made at the AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170724133734_13305278/ Mon, 24 Jul 2017 13:37:34 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170724133734_13305278/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170710091801_13289129/ Mon, 10 Jul 2017 09:18:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170710091801_13289129/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170628100915_13275976/ Wed, 28 Jun 2017 10:09:15 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170628100915_13275976/ <![CDATA[RNS press release - Final Results for the Year Ended 31 December 2016 ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170628070003_13275311/ Wed, 28 Jun 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170628070003_13275311/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170613164116_13259198/ Tue, 13 Jun 2017 16:41:16 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170613164116_13259198/ <![CDATA[RNS press release - Focus on Inishowen Gold Prospect ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170426070006_13204327/ Wed, 26 Apr 2017 07:00:06 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170426070006_13204327/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170425144934_13203826/ Tue, 25 Apr 2017 14:49:34 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170425144934_13203826/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170413100730_13193854/ Thu, 13 Apr 2017 10:07:30 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170413100730_13193854/ <![CDATA[RNS press release - Five New Lead/Zinc Properties in Irish Midlands ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170331070009_13177984/ Fri, 31 Mar 2017 07:00:09 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170331070009_13177984/ <![CDATA[RNS press release - Options Granted ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170321155041_13166360/ Tue, 21 Mar 2017 15:50:41 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170321155041_13166360/ <![CDATA[RNS press release - Exploration Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170208130550_13121437/ Wed, 08 Feb 2017 13:05:50 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20170208130550_13121437/ <![CDATA[RNS press release - Oldcastle Drilling ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20161104070006_013023987/ Fri, 04 Nov 2016 07:00:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20161104070006_013023987/ <![CDATA[RNS press release - Interim Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160929070006_012982821/ Thu, 29 Sep 2016 07:00:06 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160929070006_012982821/ <![CDATA[RNS press release - New Prospecting Licences in Cork ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160906070007_012955241/ Tue, 06 Sep 2016 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160906070007_012955241/ <![CDATA[RNS press release - Intercepts 4.82m at 5.48g/t gold at Inishowen ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160803070007_012916706/ Wed, 03 Aug 2016 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160803070007_012916706/ <![CDATA[RNS press release - Highlights of the Chairman's Statement from AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160728105559_012909886/ Thu, 28 Jul 2016 10:55:59 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160728105559_012909886/ <![CDATA[RNS press release - New Gold System Identified in Inishowen Drilling ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160727070007_012907391/ Wed, 27 Jul 2016 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160727070007_012907391/ <![CDATA[RNS press release - Final Results for the Year Ended 31 December 2015 ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160628085538_012870546/ Tue, 28 Jun 2016 08:55:38 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160628085538_012870546/ <![CDATA[RNS press release - Drilling In Inishowen, Donegal ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160531103747_012835000/ Tue, 31 May 2016 10:37:47 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160531103747_012835000/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160527121907_012832882/ Fri, 27 May 2016 12:19:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160527121907_012832882/ <![CDATA[RNS press release - Inishowen Second Phase Drill Programme Begins ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160523070005_012825094/ Mon, 23 May 2016 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160523070005_012825094/ <![CDATA[RNS press release - Fundraising to Finance Donegal Gold Drilling ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160513093007_012815406/ Fri, 13 May 2016 09:30:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160513093007_012815406/ <![CDATA[RNS press release - Shareholder Notification ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160504173825_012803929/ Wed, 04 May 2016 17:38:25 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160504173825_012803929/ <![CDATA[News - Connemara Mining impresses with latest assays from Inishowen ]]> http://www.proactiveinvestors.co.uk/companies/news/124801/connemara-mining-impresses-with-latest-assays-from-inishowen-124801.html Having previously released the results of gold assays from its Inishowen drilling campaign, Connemara Mining Company PLC (LON:CON) had more good news on Thursday.

The shares rose 14% to 2.39p, bringing the gain year-to-date up to 66%, as it published the silver, lead, zinc  assay results from the short hole drilling programme conducted earlier this year.

In hole 01, a 0.30 metre interval returned 9.3 grams per tonne (g/t) silver, 0.34% lead and 1.32% zinc.

Hole 02 intersected 0.48 metres with 29.2 g/t silver, 1.31% lead and 0.55% zinc.

Hole 03 returned 0.39 metres at 9.7 g/t silver, 0.43% lead and 0.86% zinc.

The results at depth are supported by surface sampling results where galena and pyrite bearing quartz boulders in the vicinity of the drill hole locations have returned values up to 70 g/t and 46.8g/t silver, the Ireland-focused exploration company said.

A 10cm quartz galena vein in outcrop a few kilometres to the north returned 572 g/t silver and 19% lead, it added.

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Thu, 14 Apr 2016 10:14:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/124801/connemara-mining-impresses-with-latest-assays-from-inishowen-124801.html
<![CDATA[RNS press release - Drilling, Inishowen Gold Licences ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160414070007_012776369/ Thu, 14 Apr 2016 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160414070007_012776369/ <![CDATA[RNS press release - Gold Results, Inishowen Licences, Donegal ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160407070005_012767058/ Thu, 07 Apr 2016 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160407070005_012767058/ <![CDATA[RNS press release - Drilling for Gold in Inishowen ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160226070006_012713603/ Fri, 26 Feb 2016 07:00:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160226070006_012713603/ <![CDATA[RNS press release - Results of Two Exploration Holes ]]> http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160225070005_012711754/ Thu, 25 Feb 2016 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/240/LSE20160225070005_012711754/