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Connemara Mining Interim Loss Widens As It Progresses Irish Projects
LONDON (Alliance News) - Connemara Mining Co PLC on Wednesday said its loss widened in the first half of 2018 as it progressed on projects in Ireland.
The gold and zinc exploration company posted a pretax loss of EUR160,000 for the six months to the end of June, widened from EUR95,000 reported for the same period a year earlier.
Connemara did not generate any revenue in either years, as it is currently at the exploration stage across several projects in Ireland.
At the Oldcastle zinc project, which comprises of five contiguous licences covering 172 square kilometres in the counties of Meath and Cavan, the project operator has completed two drill holes for a total of 1,320 meters and is currently drilling a third hole which is due to be completed in September.
Meanwhile, at the Inishowen project, the company said it was first to drill for gold in the County Donegal area and has had encouraging results.
Shares in Connemara were trading 3.2% lower on Wednesday at 2.25 pence each.
Latest CON News
- Connemara Mining Raises GBP230,000 For Projects In Share Placing (ALLISS)
5 Mar 2019 - Connemara Mining to change name to Arkle Resources
12 Feb 2019 - Connemara Mining To Rename Arkle Resources To Reflect Irish Heritage
12 Feb 2019 - Connemara Mining Says Stonepark Zinc Project Drilling On Track
24 Jan 2019 - Connemara Mining Finds Zinc And Lead At Stonepark Project In Ireland
24 Oct 2018 - Connemara Mining Restarts Drilling At Oldcastle Zinc Project
4 Jul 2018 - Connemara Confirms Mineralisation Via Drill Hole At Stonepark Zinc
18 Jun 2018
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LONDON (Alliance News) - Connemara Mining Co PLC on Wednesday said its loss widened in the first half of 2018 as it progressed on projects in Ireland....
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LONDON (Alliance News) - Irish gold and zinc miner Connemara Mining Co PLC said on Wednesday it has started a new drill programme at the Oldcastle Zin...
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