Connemara Mining COMPANY (LON:CON)
SECTOR – MINING
RATING – CORP*
MARKET CAP – £2.0m
CURRENT PRICE – 2.3p#
Interim Results
NORTHLAND VIEW
LBT during H117 totaled €95k which remained in line with €96k in H116.
Net debt totaled €420k in H117 up from €75k.
At the Company’s Stonepark Zinc Project, located in Limerick, Group Eleven Resources Corp., a private company, acquired the 76.56% interest held by Teck Ireland in TILZ Minerals, the joint venture company, which holds the six prospecting licences.
At the Inishowen Gold Project, located in Donegal, a follow up drill programme on the 2016 discovery is underway.
The Company has also met with Paul Johnson who has acquired in over 10% of the Company to discuss how to spread the message that Connemara offers an opportunity to gain exposure to zinc and gold.
Connemara Mining Company is going through something of a resurgence of late with the appointment of a new CEO, Patrick Cullen, a new joint venture partner at the Stonepark Zinc Project and a follow up drill programme commencing at the Inishowen Gold Project.
COMPANY DESCRIPTION
An Irish focused exploration company with interests in gold and zinc-lead projects.