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Drilling Update

2 Mar 2010 07:00

RNS Number : 8893H
Connemara Mining Company plc
02 March 2010
 



2nd March 2010

Connemara Mining Company Plc

 

Ongoing Drilling on the Stonepark Project Hits

More Zinc-Lead Mineralisation

 

·; Another drill hole in the Stonepark North zone intersects high grade zinc-lead mineralisation.

 

·; Results suggest the presence of a continuous zone of zinc-lead mineralisation at approximately 200-220 metres depth

 

Connemara Mining (AIM:CON), the AIM listed Irish zinc explorer, is pleased to report additional results from the ongoing drilling programme in Limerick. The programme is under option to and operated by Teck Ireland Limited, a subsidiary of Teck Resources Limited - Canada's largest diversified mining company.

 

Hole 36 (TC-2638-036) intersected 5.35 metres at 13.2% zinc and 3.2% lead from 202.7 meters depth (see Table 1). This high grade zone occurred at the base of a thick interval of hydrothermal black matrix breccia that contains additional lower grade disseminated zinc-lead mineralisation. This overall interval has a grade of 4.67% zinc and 1.04% lead over a 21.25 metre interval from 186.8 m depth.

 

Table 1: Stonepark North Drilling Highlights

Hole ID

From (m)

To (m)

Thickness1 (m)

Zinc (%)

Lead (%)

TC-2638-036

202.70

208.05

5.35

13.22

3.18

TC-2638-0322

207.60

215.40

7.80

5.18

2.68

Including:

TC-2638-0322

214.05

215.40

1.35

10.40

2.16

TC-3638-0263

216.05

223.35

7.20

13.07

2.23

1All drill holes are vertical (-90 degrees). 2Reported January 20th, 2010. 3Reported Sept. 4th, 2009.

 

Hole 36 is the seventh hole at Stonepark North and is located 100 metres north of drill hole 32 and 180 metres north of drill hole 26. Both holes 26 and 32 intersected significant zinc-lead mineralization at similar depths (see Table 1) suggesting the presence of a continuous stratiform zone of zinc-lead mineralisation within the host Waulsortian Limerstone unit. This zone is still open in a number of directions.

 

The Stonepark North zone is located approximately 2 kilometres north of Connemara's original discovery at Stonepark and appears to represent the shallower, up-dip end of a large mineralizing system on the Stonepark Project.

 

Sulphide mineralization is similar in style in all the Stonepark North holes and consists of massive to disseminated sphalerite, galena and pyrite and is typical of an "Irish-type" deposit such as the large Anglo American mine at Lisheen 60 kilometres to the northeast of Stonepark.

 

Drilling is ongoing with two rigs currently on site. The 2010 drilling programme will comprise approximately 10,000 metres of diamond drilling.

 

John Teeling, Chairman of Connemara Mining, commented:

"The Stonepark zinc discovery in Limerick looks to have serious potential. Mineralisation in the holes is relatively shallow and there is growing evidence of a continuous zone of zinc-lead mineralisation. Though still an exploration project, the Stonepark discoveries, when allied to the adjacent Pallas Green discoveries, mean that we are hopeful that the next world class zinc mine in Ireland will be in the area."

 

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

Smith & Williamson Corporate Finance

Nick Reeve

+44 (0) 117 376 2213

Barrie Newton

+44 (0) 117 376 2213

College Hill

Nick Elwes

+44 (0) 20 7457 2020

 

www.connemaramining.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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27th Jul 202311:30 amRNSResults of Annual General Meeting
27th Jun 20237:00 amRNSFinal Results for the Year Ended 31 December 2022
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27th Sep 202211:00 amRNSAdditional Drilling on Stonepark
15th Sep 202211:00 amRNSRecommencement of Drilling on Stonepark Licences
9th Aug 202211:00 amRNSUpdate on Stonepark Operation
5th Aug 202211:14 amRNSResult of Annual General Meeting
30th Jun 20227:00 amRNSFinal Results for the Year Ended 31 December 2021
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31st May 20227:00 amRNSTotal Voting Rights
3rd May 20229:05 amRNSSecond Price Monitoring Extn
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28th Apr 202212:02 pmRNSExercise of Warrants
1st Mar 202212:29 pmRNSTotal Voting Rights
22nd Feb 20227:00 amRNSExercise of Warrants
2nd Feb 202211:00 amRNSDrilling Begins at Stonepark
19th Jan 202211:00 amRNSDrilling to Begin on Stonepark
24th Nov 20217:00 amRNSUpdate at Mine River
30th Sep 20217:00 amRNSInterim Statement for period ended 30 June 2021
10th Sep 20212:50 pmRNSHigh grade gold intersected at Mine River
4th Aug 20218:50 amRNSFurther results from drilling at Mine River
27th Jul 20211:35 pmRNSResult of Annual General Meeting
13th Jul 20217:00 amRNSPreliminary results from drillhole 4 at Mine River
25th Jun 20219:38 amRNSFinal Results for the Year Ended 31 December 2020
16th Jun 202112:15 pmRNSUpdate on Mine River Drilling
21st May 20217:00 amRNSFirst Drillhole at Mine River Intersects Gold

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