Proactive Investors - Run By Investors For Investors

Connemara Mining says gold occurrences found on two licences

Connemara Mining says gold occurrences found on two licences


Ireland-focused Connemara Mining (LON:CON) revealed that gold has been found on two of its licences.

The previously unknown occurrences were found following a soil sampling programme, it said.

The firm has five prospective licences in the Wicklow/Wexford area and Canadian explorer Hendrick Resources, which carried out the work, is spending €1 million to earn a 75% interest in the licences.

The sampling was targeted in areas after re-modelling of the local geology using high quality airborne geophysical data acquired by Hendrick in the spring of this year.

In total, 800 samples were collected resulting in the discovery of zones with significant gold enrichment.

"These are located in previously untested areas and close to known occurrences - notably Tombreen  and Knocknalour. These results appear to extend the Tombreen  and Knocknalour occurrences," the company said.

Chairman John Teeling said: "The second phase of exploration by Hendrick Resources continues to yield positive results.

"I am very pleased with the discovery of previously unknown gold occurrences on two of the Connemara licences. Follow up close spaced soil sampling will be conducted early in 2013 to refine drill targets. The full programme is being carried by Hendrick at no cash cost to Connemara."


View full CON profile View Profile

Connemara Mining Timeline

Related Articles

January 09 2017
Hannan’s flagship is the Kilbricken base metal project, located within the Clare prospecting licenses
May 25 2017
Zinc One’s chief executive Jim Walchuk argues that the acquisition of Bongara and Charlotte takes the firm closer to production

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use