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Drilling Update

14 Mar 2011 07:00

RNS Number : 8396C
Connemara Mining Company plc
14 March 2011
 



14th March 2011

 

Connemara Mining Company plc

 

("Connemara" or the "Company")

 

Stonepark Update

 

·;

Step out drilling has intersected hydro thermal breccias and low-grade Zinc-Lead mineralisation up to 2km southwest of the Stonepark North Zone

·;

25,000 metres drilling program for 2011 is ongoing

·;

Six drill rigs now on site

·;

Airborne gravity survey completed. Seismic survey planned in Q2

 

The board of Connemara Mining Company plc (AIM:CON) is pleased to present an update on drilling in the Limerick Region. The programme is a joint venture between Connemara (25%) and Teck Ireland Ltd. ("Teck") (75%).

 

Drilling is ongoing on the Stonepark project with six rigs now on site. Approximately 25 km of diamond drilling is planned for 2011. Results from the first few holes of 2011 are encouraging and have significantly increased the known size of the Stonepark hydrothermal system. Drill hole TC-2638-064, located 1km southwest of the Stonepark North zone, intersected low-grade zinc-lead mineralisation (assays pending) hosted in well-developed hydrothermal black matrix breccia. Drill holes TC-2638-065, 067 and 070, located 1km west, 1km southwest and 2km southwest respectively of the Stonepark North discovery hole (TC-2638-026), also intersected trace mineralisation in well-developed black matrix breccia.

 

An airborne gravity survey over the Monaster licence block was carried out by Bell Geospace in late January-early February. Data from the survey is currently being processed with results expected in early March. This survey will be used to guide step-out drilling in the coming months.

 

Tesla-IMC International limited has been contracted to complete a 25 line kilometers 2D seismic survey on the Monaster block. The survey is scheduled to begin in early April and will identify ore-controlling faults within the Stonepark-Stonepark North area. On the adjacent Pallas Green project, Minco-Xstrata have recently announced a similar seismic program. The aim of the survey is to find ore-controlling faults that may host thicker mineralisation.

 

A soil geochemical survey is also underway on the Monaster licence block. An orientation survey carried out last year showed that soil geochemistry could effectively detect the known mineralisation at Stonepark North. Soil geochemistry results, combined with data from airborne gravity and seismic surveys, will be used in combination to guide drilling along a prospective trend southwest of Stonepark.

 

John Teeling, Chairman, commented:

"The 2011 exploration programme on Stonepark is now in full swing. Six rigs are drilling what will be a total of 25 kilometres. The recent airborne gravity survey will guide future drilling while the imminent seismic survey will help in the search for thicker mineralisation. Results from wide spaced holes up to 2km away from Stonepark are very positive, discovering well developed black matrix breccias, - the target horizon containing low grade zinc mineralisation."

 

This announcement has been reviewed and approved by the Company's technical director Graham Reid (P.Geo) in his capacity as the Qualified Person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange. Mr Reid is a Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years experience in mineral and site investigation fields.

 

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 3762213

Barrie Newton

+44 (0) 117 3762213

Optiva Securities Ltd

Jason Robertson

+44 (0) 203 137 1906

Jeremy King

+44 (0) 203 137 1904

College Hill

Nick Elwes

+44 (0) 207 457 2020

 

www.connemaramining.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLLLFSDVIILLIL
Date   Source Headline
25th Nov 20197:00 amRNSStonepark Strategic Review
19th Nov 201912:38 pmRNSDirector Resignation
13th Nov 20191:00 pmRNSNew Prospective Features Identified at Stonepark
16th Oct 20197:00 amRNSStonepark partner receives funding from Glencore
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

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