Proactiveinvestors recommends
Additional Information
Market: AIM
Sector: General Mining - Zinc, Lead and Tin
EPIC: CON
Latest Price: 8.75p  (0,00%)
52-week High: 20.00p
52-week Low: 8.50p
Market Cap: 2.25M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Connemara Mining
www.connemaramining.com

Connemara Mining Company plc was established in 2006 by veterans of the Irish zinc industry to exploit zinc opportunities in Ireland and currently holds 38 prospecting licences in central and south-west Ireland. Connemara’s licences are for some or all of the base metals (Bm), barite (b), gold (g), silver (s), and platinum group elements (PGE). The Connemara exploration philosophy is trendology and closeology - follow the mineralised trends and obtain ground as close as possible to existing or former zinc/lead mines.

Full Connemara Mining profile here
Is CON a Buy, Sell or Hold?Get your FREE analysis of CON
Pdf

Connemara Mining’s shares up after “positive and significant” results from Limerick zinc discovery

8th Sep 2011, 8:07 am by Jon Mainwaring Connemara believes Stonepark West is likely to be a totally new zone of zinc-lead to add to its other deposits

 

Shares in Connemara Mining (LON:CON) opened higher by more than nine per cent this morning after it reported “very positive and significant” results from its zinc discovery at Stonepark in Limerick, Ireland.

Connemara, which has a 25 per cent stake in the discovery, said it had found a new zone of high-grade mineralisation intersected at Stonepark West, some 1.7 kilometres south west of the Stonepark North zone. Its drill hole here, dubbed Hole 86, intersected high-grade zinc and lead mineralisation of 2.5 metres at 4.16 per cent zinc and 4.37 per cent lead, beginning at a depth of 382.5 metres.

Connemara said it is calling this new discovery “Stonepark West”.

In addition, Hole 64, which is located 580 metres east of the new discovery between Stonepark North and Stonepark West, has intersected 3.1 metres of 1.92 per cent zinc and 0.56 per cent lead at a depth of 273 metres, with further zinc-lead mineralisation discovered at 288 metres. Drilling 1.5 kilometres to the west of the new discovery has also intersected hydrothermal breccias similar to those at Stonepark West.

Connemara added that the Stonepark West discovery is significant because it is likely to be a totally new zone of zinc-lead to add to that at Stonepark and Stonepark North.

“These are very positive and significant results,” said chairman John Teeling. “The discovery at Stonepark West appears to be a new zone, typical of Irish zinc orebodies. That in itself is significant, but the results in other holes to the east (Hole 64), between Stonepark North and Stonepark West, and 1.5 kilometres to the west also contain mineralisation. There is now evidence to indicate that more zones of zinc-lead will be discovered in what is becoming a large area of zinc-lead mineralisation. Step out drilling continues.”

At 08:02am Connemara’s shares were up 9.1 per cent at 12 pence each.

 

 

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.