The Connemara Mining Company PLC (LON:CON) has announced that further drilling is in progress at its Stonepark zinc project in Limerick, Ireland.
Connemara, which as a 23.44% interest in the joint venture (JV) that holds the licence for the asset, said its JV partner, Group Eleven, plans to drill 1,500 to 2,000 metres in the latest phase of the drilling programme.
The drill collars are located outside of the established maiden mineral resource estimate for Stonepark and the aim of the latest drilling is to provide improved geological information as a prelude to the 2019 drilling campaign.
“We are very pleased to see the rig turning at Stonepark once again. We have reviewed the targeting strategies proposed by Group Eleven and are supportive of their 'Big Think' approach as it applies to the Limerick Basin,” said Patrick Cullen, the chief executive officer of Connemara.
"Connemara has already contributed to its share of the costs for the 2018 exploration programme, including ground-based geophysics at various targets across the block, the earlier drilling on hole G11-2638-01, which revealed spectacular grades of 32.2% combined zinc and lead, as well as the budget for this proposed programme," he added.
Shares in Connemara were unchanged in mid-afternoon trading.