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Drilling Commences at Mine River Gold Project

28 Mar 2018 07:00

RNS Number : 1565J
Connemara Mining Company plc
28 March 2018
 

28th March 2018

 

Connemara Mining Company plc

 

("Connemara" or the "Company")

Drilling Commences at Mine River Gold Project

 Connemara Mining Company plc (LON: CON), the Irish gold and zinc exploration company, is pleased to provide an update to shareholders on operations at its 100% owned Mine River Gold Project in Wicklow/Wexford.

 

Highlights

 

· Connemara has re-commenced drilling at the Mine River Gold Project, totalling 1,000 metres over 10 drill holes

 

· The Company has prioritised two targets: at Tombreen (where the Company recently reported drilling results of 16.1 g/t gold in Hole 17-TB-01 over 2 metres from 78 metres depth), and 2.5 kilometres to the southwest at Knocknalour

 

· Both locations lie along a target trend identified through airborne geophysics, soil and rock geochemical surveys, and historic drilling

 

Patrick Cullen, Chief Executive Officer of Connemara, commented: "We are pleased to report drilling has re-commenced at our Mine River Gold Project. We had very encouraging results at the Tombreen Prospect and are looking to build on that. Tombreen and Knocknalour lie along the significant 15 kilometre target trend we have identified at Mine River. With this drilling we want to confirm high-grade gold mineralisation while expanding strike-length. We look forward to the results."

 

Mine River Gold Project

 

The Block currently comprises 11 contiguous Prospecting Licences with a total area of approximately 475 km2, located in the counties of Wicklow and Wexford in southeast Ireland. The area was the focus of the Wicklow Gold Rush of 1795 and gold mining continued on a small-scale until the mid-1800s.

 

The Company has identified a 15 kilometre long target by combining data from geochemical surveys in streams and soils completed across the Block with results from the airborne geophysical survey flown by Hendrick Resources in 2012 (and combined with the Tara Exploration survey of 2000).

 

Historic drilling and recent drilling by Connemara has proven gold mineralisation in bedrock. An eight metre intersection from 74m grading at 4.53 g/t gold (Au) at Tombreen (17-TB-01) has demonstrated substantial mineralised thickness, which includes 2m from 78m at 16.1 g/t Au. The best reported historical intersection at Tombreen was 50cm grading at 21.28 g/t Au from 70.7m (2558-3). Geological data indicates significant strata-bound gold mineralisation is associated with the contacts between Ordovician volcanic rocks and metasedimentary rocks.

 

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

INFORMATION FOR EDITORS

Connemara is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland. Connemara currently holds interests in a total of 41 licences, including joint ventures with Teck at the Oldcastle Zinc Project and with Group Eleven Resources Corp at the Stonepark Zinc Project.

 

Further information can be sourced from the Company website: www.connemaramc.com

 

ENDS

 

Enquiries:

 

Connemara Mining Company Plc

 

John Teeling, Chairman

+353 (0) 1 833 2833

Patrick Cullen, CEO

+353 (0) 87 272 1748

+44 (0) 755 237 8208

Northland Capital Partners Limited

 

Matthew Johnson / Dugald J. Carlean

+44 (0) 203 861 6625

John Howes

 

First Equity Limited

 

Jason Robertson

+44 (0) 207 374 2212

Blytheweigh

+44 (0) 207 138 3204

Nick Elwes

+44 (0) 783 185 1855

Camilla Horsfall

+44 (0) 781 784 1793

Teneo PSG

 

Luke Hogg

+353 (0) 1 661 4055

Alan Tyrrell

+353 (0) 1 661 4055

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLLLFFTVRIDFIT
Date   Source Headline
13th Oct 201712:16 pmRNSHolding(s) in Company
3rd Oct 20171:29 pmRNSHolding(s) in Company
26th Sep 20177:00 amRNSInterim Statement for the period ended 30 June 17
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15th Aug 20177:15 amRNSDirector/PDMR Shareholding
15th Aug 20177:00 amRNSPlacing
14th Aug 201712:14 pmRNSSenior Management Appointment
24th Jul 20171:37 pmRNSHighlights of Statements Made at the AGM
10th Jul 20179:18 amRNSHolding in Company
28th Jun 201710:09 amRNSHolding in Company
28th Jun 20177:00 amRNSFinal Results for the Year Ended 31 December 2016
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26th Apr 20177:00 amRNSFocus on Inishowen Gold Prospect
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31st Mar 20177:00 amRNSFive New Lead/Zinc Properties in Irish Midlands
21st Mar 20173:50 pmRNSOptions Granted
8th Feb 20171:05 pmRNSExploration Update
24th Jan 20172:58 pmRNSRise in Volume and Price
24th Jan 201710:44 amRNSNew Technical Director joins the Board
23rd Jan 20174:44 pmRNSHolding(s) in Company
4th Nov 20167:00 amRNSOldcastle Drilling
29th Sep 20167:00 amRNSInterim Results
6th Sep 20167:00 amRNSNew Prospecting Licences in Cork
3rd Aug 20167:00 amRNSIntercepts 4.82m at 5.48g/t gold at Inishowen
28th Jul 201610:55 amRNSHighlights of the Chairman's Statement from AGM
27th Jul 20167:00 amRNSNew Gold System Identified in Inishowen Drilling
28th Jun 20168:55 amRNSFinal Results for the Year Ended 31 December 2015
31st May 201610:37 amRNSDrilling In Inishowen, Donegal
27th May 201612:19 pmRNSHolding(s) in Company
23rd May 20167:00 amRNSInishowen Second Phase Drill Programme Begins
13th May 20169:30 amRNSFundraising to Finance Donegal Gold Drilling
4th May 20165:38 pmRNSShareholder Notification
14th Apr 20167:00 amRNSDrilling, Inishowen Gold Licences
7th Apr 20167:00 amRNSGold Results, Inishowen Licences, Donegal
26th Feb 20167:00 amRNSDrilling for Gold in Inishowen
25th Feb 20167:00 amRNSResults of Two Exploration Holes
21st Dec 20157:00 amRNSUpdate on Oldcastle Drilling
11th Nov 20157:00 amRNSTrenching Results, Inishowen Gold Licences
16th Oct 20157:00 amRNSOldcastle Block Drilling
15th Sep 20157:00 amRNSInterim Statement for period ended 30 June 2015
10th Sep 201511:13 amRNSHolding(s) in Company
24th Aug 20157:00 amRNSInishowen Gold Licences Update
6th Jul 201511:30 amRNSResult of AGM
26th Jun 20157:00 amRNSInishowen Exploration Update
3rd Jun 20157:00 amRNSFinal Results for the Year Ended 31 December 2014

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