Today's news14 Apr 2015 09:43
Connemara Mining (AIM: CON) is pleased to announce the acquisition of five new prospecting licences covering 187 sq km on the Innisowen peninsula in County Donegal, Ireland. This area contains the former the Glentougher Lead Silver mine. The area is considered by Connemara geologists to be prospective for high grade gold mineralisation and also have potential for base metal deposits. Rock samples containing up to 104g/t gold were identified in 2011 by the previous licence holder, but no high grade outcrop was discovered. The release of the Tellus Survey data confirmed the presence of elevated gold in the area and highlighted further target areas for investigation. A total of 16 target areas have been identified by Connemara from historic work and the latest Tellus Survey data. An initial prospecting programme is commencing in the coming days with first results expected in July.