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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
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24th Jul 20171:37 pmRNSHighlights of Statements Made at the AGM
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28th Jun 201710:09 amRNSHolding in Company
28th Jun 20177:00 amRNSFinal Results for the Year Ended 31 December 2016
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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

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