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
0.725    -0.025 (-3.33%)
Bid:
0.65
Ask:
0.80
Spread: 0.15 (23.077%)
Market Cap: £11.49m
ARK Live PriceLast checked at - London Stock Exchange

Intraday Arkle Res Share Chart

Drilling Update

4 Sep 2009 07:00

RNS Number : 5066Y
Connemara Mining Company plc
04 September 2009
 



4th September 2009 

Connemara Mining Company PLC

Drilling Results, Stonepark, Limerick

First drill hole of the 2009 programme hits high grade zinc-lead mineralisation - the best hole to date on the project

Significantly the hole is located 1.5 km northwest of the earlier discovery at Stonepark and could represent a new and potentially higher-grade mineralised zone

The planned 2009 exploration programme will include a further 5000 metres plus of diamond drilling - drilling is ongoing with two drill rigs currently onsite

Connemara Mining, the AIM listed Irish zinc explorer, is pleased to report a successful start to the 2009 drilling programme in Limerick. The programme is being operated by Teck Ireland Ltd., a subsidiary of Teck Resources Limited - Canada's largest diversified mining company.

The first drill hole of the current programme (TC-2638-026) intersected 7.2 metres grading 13.07% zinc and 2.23% lead from 216.05 metres depth, including 3.75m grading 17.06% zinc and 3.5% lead. The mineralisation consists of massive sphalerite, galena and pyrite and the ore-textures are typical of an "Irish-type" deposit such as Lisheen or Galmoy.

Hole ID

Hole 

Angle (degrees)

From

(m)

To

(m)

Thickness (m)

Zinc (%)

Lead (%)

TC-2638-026

-90

216.05

223.25

7.2

13.07

2.23

including:

TC-2638-026

-90

216.05

219.80

3.75

17.06

3.50

Hole 26 was drilled 1.5 km northwest of the Stonepark zone, in an area referred to as Stonepark North. This is the second hole at Stonepark North and is located 280 metres southeast of TC-2638-012, which in mid-2008, intersected a zone of colloform-textured limonite (after sulphideand returned 0.95m grading 2.73% zinand 4.73% lead from 203.15m. This weathered sulphide zone (referred to as a "gossan") was intersected beneath deep overburden and within karstically weathered limestone/dolostone that was characterised by low core recovery in the hole

Both intersections are at a similar depth and stratigraphic level within the host Waulsortian Limestone and together define what appears to be a new, and shallower, zone of mineralisation on the Limerick project. 

The planned 2009 exploration programme will include a further 5000 metres plus of diamond drilling and is being co-funded by Teck (75%) and Connemara Mining (25%). Drilling is ongoing with two drill rigs currently on site. A number of geophysical surveys are also ongoing with the aim of defining additional drill targets outside the Stonepark and Stonepark North zones.

The Stonepark North zone is located approximately 4.5 km west of the Tobermalug discovery at Minco/Xstrata's Pallas Green project. In July 2009, Minco announced a JORC-compliant resource of 11,300,000 tonnes grading 10.2% zinc and 1.9% lead in the "Inferred" resource category at Tobermalug.

John Teeling, Chairman of Connemara Mining, said - 

"This is a very positive result. The discovery has almost everything one would want - high grade, the right type of mineralisation, shallow depth and is located a good distance from the earlier discovery".

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

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
 
 
DRLILFSSATIVIIA
Date   Source Headline
25th Feb 20117:00 amRNSPlacing of new shares
24th Feb 20117:00 amRNSDrilling Update
15th Dec 20107:00 amRNSDrilling Update
30th Sep 20107:00 amRNSHalf Yearly Report
27th Jul 201011:37 amRNSTR-1: Notification of major interest in shares
26th Jul 20104:51 pmRNSChange of Adviser
26th Jul 20102:56 pmRNSTotal Voting Rights
26th Jul 201012:00 pmRNSAGM Statement
20th Jul 20107:00 amRNSDrilling Update
9th Jul 201012:26 pmRNSIssue of Equity
30th Jun 201010:01 amRNSAnnual Report and Accounts
24th Jun 20107:00 amRNSFinal Results
21st Jun 20108:39 amRNSDrilling Update
8th Jun 20103:25 pmRNSDirectorate Change
23rd Apr 20107:00 amRNSDrilling Update
2nd Mar 20107:00 amRNSDrilling Update
20th Jan 20107:00 amRNSDrilling Update
9th Oct 20095:14 pmRNSOffer Update
25th Sep 20095:58 pmRNSOffer Update
23rd Sep 20097:00 amRNSHalf Yearly Report
21st Sep 20097:00 amRNSOffer Update
16th Sep 20093:51 pmRNSDirectorate Change
16th Sep 20091:22 pmRNSApplication for cancellation of listing
16th Sep 20097:00 amRNSOffer Wholly Unconditional
11th Sep 20094:58 pmRNSOffer Update
4th Sep 20097:00 amRNSDrilling Update
25th Aug 20097:00 amBUSHolding(s) in Company
21st Aug 20094:34 pmRNSOffer Document Posted
19th Aug 200912:03 pmPRNRule 8.1 - Arc International Plc
18th Aug 20097:00 amRNSRecommended Cash Offer
12th Aug 200910:03 amBUSRule 8.3 - Arc International
11th Aug 200910:07 amBUSRule 8.3 - Arc International
7th Aug 200911:02 amBUSRule 8.3 - Arc International
5th Aug 20097:00 amRNSInterim Results
4th Aug 20091:07 pmRNSRule 8.3- Arc International Plc
4th Aug 20099:00 amRNSARC & Sitel Collaboration
30th Jul 20092:11 pmRNSRule 8.3- ARC International Plc
29th Jul 20094:35 pmRNSPrice Monitoring Extension
29th Jul 200911:44 amRNSStmnt re Share Price Movement
28th Jul 20099:00 amRNSUniversity of Edinburgh Development
8th Jul 200912:28 pmRNSAGM Statement
2nd Jul 20099:00 amRNSContract Win
1st Jul 20099:00 amRNSContract win
30th Jun 20097:00 amRNSTrading Update
10th Jun 200911:32 amBUSBlocklisting Interim Review
10th Jun 20097:00 amRNSFinal Results
3rd Jun 20091:35 pmBUSHolding(s) in Company
1st Jun 20094:11 pmBUSTotal Voting Rights
21st May 20097:00 amRNSUpdate on Castlemaine Licence Block
20th May 20097:00 amRNSInterim Management Statement

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.