Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Connemara Mining RNS Release

14.25g/t gold over 0.5m at Inishowen


RNS Number : 0349W
Connemara Mining Company plc
09 November 2017
 

9th November 2017

 

Connemara Mining Company plc

("Connemara")

 

14.25g/t gold over 0.5m at Inishowen

 

 


·   Assay results from the latest phase of drilling at Inishowen include:

hole

from

to

width

Au ppm

17-MR-08

21.5

22.0

0.5

14.25

17-MR-09

42.6

43.6

1.0

0.35

17-MR-11

5.9

6.4

0.5

0.43

 

·   This has improved Connemara's understanding of the geometry of the mineralised zone

·   Prospecting has also identified gold occurrence 500m from drilling area

 

Connemara (AIM: CON) is pleased announce assay results from its 100%-owned Inishowen Gold Project, located in Donegal, Ireland.  A five hole drill programme was conducted in October at the Meeneragh gold target in the southeast of the project to better understand the gold bearing veins orientation and grade.

 

Hole 17-MR-08 intercepted gold mineralisation from 21.5m grading at 14.25g/t gold over 0.5m and confirms that the vein is steeply dipping.  Hole 17-MR-09 returned 1m at 0.35g/t gold associated with a 20cm quartz vein from 42.6m confirming the continuity of the vein along strike.  Hole 17-MR-11 intercepted a new vein 100m south with 0.43g/t gold over 0.5m from 5.9m.  No significant mineralisation was intercepted in the other holes.

 

John Teeling, Chairman, commented "we are pleased to provide positive results for our Inishowen Gold Project.  We are encouraged by the high-grade in Hole 17-MR-08 and pleased to find further mineralisation 50 metres along trend from the high-grade zone identified in earlier drilling.  The prospecting has located gold in bedrock in the vicinity of Meeneragh which returned 0.14g/t Au.  This gives scope for the discovery of further mineralisation in the wider area."

 

The confirmation of orientation and grade of veins including the discovery of a new vein to the south has enabled Connemara geologists to define a new wider exploration programme around the target.  Follow up work will include further interpretation of existing geophysical data and newly processed data from the Tellus airborne geophysical survey, which will be available in February 2018.  This is expected to assist in better defining the regional fault structures (especially the Glentogher Fault associated with the Meeneragh target).

 

500 metres away to the northeast of the drilling location an outcrop of faulted Green Bed returned 0.14g/t gold.  The discovery of gold in the Green Bed Member supports our expectation that the source of gold is associated with the Green Bed rock type and we believe follow up work should be concentrated over its entire 15km strike length.  Prospecting and mapping will continue over the Inishowen target areas to locate the source of high-grade gold found in historic stream sediment samples.

 

Information on Connemara Mining

Connemara is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland.  Connemara now holds interests in a total of 47 licences, including joint ventures with Teck at the Oldcastle Zinc Project and with Group Eleven Resources at the Stonepark Zinc Project.  There are active exploration programmes on our gold projects in Wicklow/Wexford as well as Donegal.

 

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange. 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

ENDS

 

Enquiries:

Connemara Mining Company Plc


John Teeling, Chairman

+353 (0) 1 833 2833

Jim Finn, Director


Patrick Cullen, CEO

+353 (0) 87 272 1748

+44 (0) 7552 378 208

Northland Capital Partners Limited


Matthew Johnson / Gerry Beaney

+44 (0) 203 861 6625

John Howes


Blytheweigh

+44 (0) 207 138 3204

Nick Elwes

+44 (0) 783 185 1855

Camilla Horsfall

+44 (0) 781 784 1793

Teneo PSG


Luke Hogg

+353 (0) 1 661 4055

Alan Tyrrell

+353 (0) 1 661 4055

 

www.connemaramc.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCVKLBBDFFEFBB



Connemara Mining Timeline

© 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