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:
0.00
Ask:
0.00
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
13th Sep 20177:00 amRNSGroup Eleven Acquires Teck Stake in Stonepark
7th Sep 20179:54 amRNSHolding(s) in Company
6th Sep 20173:10 pmRNSHolding(s) in Company
4th Sep 20174:00 pmRNSHolding(s) in Company
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
13th Jun 20174:41 pmRNSHolding in Company
26th Apr 20177:00 amRNSFocus on Inishowen Gold Prospect
25th Apr 20172:49 pmRNSHolding(s) in Company
13th Apr 201710:07 amRNSHolding in Company
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
28th May 20157:00 amRNSInitial Results, Inishowen Gold Licences
1st May 201511:15 amRNSChange of Adviser
14th Apr 20157:00 amRNSFive New Prospecting Licences
10th Dec 20147:00 amRNSAppointment of Director

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.