logo-loader

Connemara reveals high grade drill result from Stonepark zinc property, Ireland

Published: 07:44 25 May 2011 BST

no_picture_pai

Connemara Mining Co (LON:CON) has revealed impressive results from drilling at the Stonepark zinc property in Ireland, including 2.85m at 17.41% zinc and 3.98% lead.

The result extends the Stonepark North zone to the northeast, said the firm, which also announced that step-out drilling 1km southwest of Stonepark North zone had encountered low grade zinc-lead mineralisation.

Six rigs are at work on the site in county Limerick.

Connemara controls 25 percent of Stonepark while Canada’s Teck Resources (TSE:TCK, NYSE:TCK)  has 75 percent and Connemara plans to drill 25 kilometres on the Limerick licences this year.

Chairman John Teeling said today: "The Connemara/Teck joint venture in Limerick continues to excite.The Stonepark North discovery is extended by another high grade result 120 metres to the northwest including 2.85 metres of over 20 percent combined zinc and lead.

"Interesting results have been found 1km away from Stonepark offering the possibility of a much bigger mineralised system. Six kilometers to the southwest, drilling has discovered low grade mineralisation but more importantly has identified a previously unknown fault."

The company said hole 74 intersected an 8.65m zone grading 7.72 percent zinc and 2.19 percent lead at 220 metres depth, including 2.85 metres at 17.41 percent zinc and 3.98 percent lead from 224.45m.

This hole was drilled to the northeast of hole 45 (which intersected 7.45 metres of 19.2 percent zinc and and 8.5 percent lead) and extends Stonepark North zone by around 120 metres to the northeast.

Drilling to-date at Stonepark North has defined a flat-lying zone of zinc-lead mineralization at 200 to 250 metres depth, with a strike length of at least 800m in a north-south direction and around 100-150 metres wide. The zone is still open, said Connemara.

The company added that encouraging results have come from an area 6km to the southwest of Stonepark North where drilling has intersected hydrothermal black matrix breccia with trace zinc mineralisation.

"Drilling indicates that this mineralisation is adjacent to a large and previously unrecognised fault. Further step-out drilling is planned, said the firm.

Teeling added that Connemara was using a range of modern sophisticated techniques to better target drill holes.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

1 hour, 7 minutes ago