If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArkle Res Regulatory News (ARK)

Share Price Information for Arkle Res (ARK)

Share Price is delayed by 15 minutes
Get Live Data
0.675    0.00 (0.00%)
Bid:
0.65
Ask:
0.70
Spread: 0.05 (7.692%)
Market Cap: £10.77m
ARK Live PriceLast checked at - London Stock Exchange

Intraday Arkle Res Share Chart

Drilling Report

28 May 2008 07:00

RNS Number : 3423V
Connemara Mining Company plc
28 May 2008
 



28th May 2008

Connemara Mining Company PLC

Significant Zinc and Lead Mineralisation Discovered in Lough SheelinIreland

Highlights:

 

> Zinc and lead in five holes

 

> Mineralisation similar to that of the Tara mine at Navan

 

> Zone open to the North and East

 

> Second phase drilling planned

Connemara Mining, the AIM listed (AIM: CONN) Irish zinc explorer is pleased to report results from their exploratory drilling programme in the Lough Sheelin area of Cavan/Meath in central Ireland. Five of the eleven drillholes intersected significant zinc/lead mineralisation as shown in Table 1 below. The other six holes had only traces of or no zinc/lead mineralisation.

Table 1: Zinc/Lead Mineralisation at Lough Sheelin

Hole

From

Width

Grade

Zinc

Lead

C-3925-1

58.7m - 59.15m

0.45m

4.35%

2.32%

C-3925-5

114.1m - 118.8m

4.7m

3.38%

0.59%

C-3935-8

101.8m - 102.3m

0.5m

3.66%

1.64%

104.1m - 105.7m

1.6m

1.21%

0.35%

C-3925-9

103.5m - 104.6m

1.1m

2.18%

0.65%

106.6m - 107.8m

1.2m

2.36%

0.58%

C-1053-2

103.7m - 104.4m

0.7m

1.2%

0.26%

The target in this block of five licences is a Navan style deposit similar to the giant Tara zinc mine 25km to the east. The drilling focused on the Drumlerry area, where historic work had indicated some potential for zinc and lead mineralisation

Connemara considers the mineralisation intersected to be highly significant for a number of reasons: 

 

> It has extended the limits of the envelope of carbonate hosted, low/medium grade mineralisation

at Drumlerry;

 

> The style of the mineralisation is very similar to the low/medium grade mineralisation that forms an

extensive halo around the Navan deposit;

 

> It provides clear evidence that a quite powerful mineralising system was active in this region;

 

> The zone of mineralisation remains open to the north and west.

  

The drilling at Drumlerry is very widely spaced, with holes 250-500m apart and there is scope for high grade lenses of massive sulphide mineralisation to occur within the defined mineralised envelope. There is also potential for significant mineralisation to lie to the north and west in a region that remains untested by diamond drilling. The ongoing exploration programme will test both the prospectivity within the identified mineralised envelope and in the unexplored region to the north and west. Work will also continue on two other high priority targets on the Lough Sheelin Block.

John Teeling, Chairman of Connemara Mining commented;

"We are delighted with these results. What began as a five hole scouting drill programme was extended to eleven holes because of favourable results. These results are very significant, the mineralisation is similar to the halo around the Tara mine and the zone is open to the north and west. A follow up drilling programme is planned to begin in the coming months.

The second Connemara zinc discovery, at Limerick some 100 miles to the southwest of Lough Sheelin is being drilled at present by our partner, Teck Cominco. First results of this second phase programme are due next week."

This release has been approved by Graham Reid, P. Geo., Director BRG Technical Services, consultants to Connemara. Mr. Reid has 30 years mineral exploration and evaluation experience.

Enquiries:

Connemara Mining Company Plc

John Teeling, Chairman

+353 (0)1 833 2833

Jim Finn, Financial Director

Blue Oar Securities Plc

John Wakefield

+44 (0) 117 933 0020

Simon Moynagh

College Hill

Paddy Blewer

+44 (0) 207 457 2020

Nick Elwes

www.connemaramining.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLILFVEESIDFIT
Date   Source Headline
27th Sep 20197:00 amRNSInterim Statement for period ended 30 June 2019
17th Sep 20197:00 amRNSNew Gold Target at Inishowen
24th Jul 20192:17 pmRNSResults of Annual General Meeting
24th Jul 20197:00 amRNSSignificant Gold Anomalies at Mine River Project
27th Jun 20197:00 amRNSPosting of Annual Report and Notice of AGM
24th Jun 20197:00 amRNSFinal Results for the Year Ended 31 December 2018
7th May 20191:00 pmRNSNew Mineralisation at Stonepark Zinc Project
1st Apr 20194:14 pmRNSTotal Voting Rights
21st Mar 20194:10 pmRNSChange of Name and Update
12th Mar 20193:24 pmRNSHolding(s) in Company
12th Mar 201912:37 pmRNSResult of EGM
5th Mar 201912:31 pmRNSFundraising of £230,000
12th Feb 20197:00 amRNSProposed Change of Name
24th Jan 20191:00 pmRNSExploration Update at Stonepark Zinc Project
21st Jan 20197:00 amRNSChange of Nominated Adviser and Broker
24th Oct 20181:00 pmRNSFurther Drilling at Stonepark Zinc Project
26th Sep 20187:00 amRNSInterim Report
30th Jul 20187:00 amRNSHolding(s) in Company
25th Jul 20181:32 pmRNSResults of Annual General Meeting
5th Jul 20187:00 amRNSDirector/PDMR shareholding
4th Jul 20187:00 amRNSDrilling Recommences at Oldcastle Zinc Project
29th Jun 20187:00 amRNSPosting of Annual Report and Notice of AGM
25th Jun 201811:23 amRNSMine River Exploration Update
22nd Jun 20187:00 amRNSFinal Results for the Year Ended 31 December 2017
18th Jun 20181:01 pmRNS32.2% Zinc + Lead combined over 5.4m at Stonepark
17th Apr 20182:58 pmRNSMaiden Resource at Stonepark Zinc Project
17th Apr 20187:00 amRNSUK Investor Show 21st April 2018
28th Mar 20187:00 amRNSDrilling Commences at Mine River Gold Project
26th Mar 20187:00 amRNSBusiness Strategic Update
21st Mar 201810:50 amRNSHolding(s) in Company
16th Mar 20182:14 pmRNSInvestor Presentation
15th Mar 20184:23 pmRNSHolding(s) in Company
15th Mar 20189:44 amRNSHolding(s) in Company
9th Mar 20187:00 amRNSDrilling to Commence at the Stonepark Zinc Project
26th Feb 20187:00 amRNSStrategic Financing and Board Restructuring
11th Jan 20187:13 amRNSProspecting Update - Wicklow/Wexford Gold Project
2nd Jan 20182:55 pmRNSHolding(s) in Company
21st Dec 20177:00 amRNSUpdate on Gold Drilling and Field Exploration
16th Nov 20179:52 amRNSGold Drilling to Commence at Mine River
9th Nov 20171:37 pmRNSHolding(s) in Company
9th Nov 20178:52 amRNS14.25g/t gold over 0.5m at Inishowen
27th Oct 20177:00 amRNSDrilling Completed at Inishowen
25th Oct 20172:29 pmRNSHolding(s) in Company
19th Oct 201711:50 amRNSHolding(s) in Company
19th Oct 20177:00 amRNSAcquisition Increases Wicklow Gold Strike Length
17th Oct 201710:14 amRNSReport On Stonepark Zinc Published
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
20th Sep 20179:42 amRNSFurther Drilling to Commence at Inishowen Project

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.