Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.275
Bid: 0.25
Ask: 0.30
Change: 0.00 (0.00%)
Spread: 0.05 (20.00%)
Open: 0.275
High: 0.275
Low: 0.275
Prev. Close: 0.275
ARK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
 
 
DRLLLFLDVVILIII
Date   Source Headline
16th Jul 20084:07 pmRNSNotice of Results
14th Jul 20088:21 amBUSHolding(s) in Company
2nd Jul 200812:15 pmRNSAGM Statement
11th Jun 20087:00 amRNSSonicFocus in HP's new PC
5th Jun 20087:00 amRNSFinal Results
4th Jun 20087:00 amRNSDrilling Report
3rd Jun 20087:00 amRNSViXS Systems Partnership
28th May 20087:00 amRNSDrilling Report
15th May 200810:26 amBUSDirector/PDMR Shareholding
13th May 20084:43 pmBUSBlocklisting Interim Review
8th May 20087:01 amRNSCustomer Win - Flash Market
8th May 20087:01 amRNSCustomer Win - TM Technology
29th Apr 20083:27 pmBUSHolding(s) in Company
29th Apr 20083:26 pmBUSHolding(s) in Company
29th Apr 20083:21 pmBUSAnnual Information Update
23rd Apr 20084:44 pmBUSHolding(s) in Company
23rd Apr 20087:00 amRNSInterim Management Statement
22nd Apr 200810:25 amRNSResult of AGM
21st Apr 20083:57 pmBUSAnnual report & accounts
18th Apr 20083:42 pmBUSHolding(s) in Company
9th Apr 20087:00 amRNSDrilling Report
7th Apr 20082:18 pmRNSHolding(s) in Company
31st Mar 20087:03 amRNSRe: Toshiba Collaboration
26th Mar 200811:28 amBUSHolding(s) in Company
11th Mar 20087:02 amRNSArc Power saving Energy PRO
11th Mar 20087:02 amRNSArc Sonic Focus-Ready
4th Mar 200811:24 amBUSHolding(s) in Company
3rd Mar 20087:02 amRNSCustomer Announcement
20th Feb 20087:01 amRNSCustomer Announcement
20th Feb 20087:00 amRNSFinal Results
19th Feb 20086:20 pmBUSHolding(s) in Company
13th Feb 20087:02 amRNSCustomer Announcement
13th Feb 20087:01 amRNSCustomer Announcement
13th Feb 20087:01 amRNSCustomer Announcement
12th Feb 20087:02 amRNSProduct Integration
12th Feb 20087:01 amRNSAcquisition
6th Feb 20087:01 amRNSNew License Agreement
14th Jan 20087:01 amRNSCES 2008: ARC Update
9th Jan 20087:01 amRNSTrading Update
2nd Jan 20083:59 pmBUSTotal Voting Rights
17th Dec 20077:00 amRNSDrilling Report
3rd Dec 200712:26 pmBUSTotal Voting Rights
28th Nov 20077:00 amRNSDrilling Report
21st Nov 200710:24 amBUSHolding(s) in Company
16th Nov 20074:55 pmBUSDirector/PDMR Shareholding
9th Nov 200712:32 pmBUSHolding(s) in Company
9th Nov 200712:32 pmBUSHolding(s) in Company
7th Nov 20077:00 amBUSBlocklisting Interim Review
29th Oct 20076:45 amBUSARC Wins Cadence Design Systems' ''Collaboration Award'' for the Second Consecutive Year
10th Oct 20077:45 amBUSConfigCon Silicon Valley 2007: ''Multimedia Solutions Fueling The YouTube Generation''

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.