Connemara Mining PLC (LON:CON) said it has achieved its key objectives at its Mine River gold project in Wicklow and Wexford, Ireland.
The company has drilled two holes at Gibbet Hill at 193 metres and another at Tom Breen at 97 metres. Elsewhere in the project area, it has completed sampling and mapping.
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Drill and field samples will be delivered to the assay laboratory on Friday and results are expected in January.
Chairman Johan Teeling said the geological mapping and field sampling has already yielded information and the company will have new drill targets for the New Year.
“Our geologists and drill contractors have been busy for the past month on our Mine River project in Wicklow and Wexford,” said chairman Johan Teeling.
“There have been challenging weather conditions as expected but we are satisfied with progress.”
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Historic drilling at the project has proven gold mineralisation in bedrock along the trend.
The focus of the project is a 15 kilometre long target that has been identified by geochemical surveys, indicating significant strata-bound gold mineralisation associated with the contacts between Ordovician volcanic rocks and metasedimentary rocks