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Limerick Zinc Discovery Update

24 Feb 2012 07:00

RNS Number : 0310Y
Connemara Mining Company plc
24 February 2012
 



Connemara Mining Company Plc

"Connemara" or the "Company"

 

Limerick Zinc Discovery Update

 

Connemara Mining Company Plc ("Connemara" or "the Company") (AIM CON) is pleased to provide an update on its exploration programme on the Stonepark area in Limerick. The program is a joint venture between Connemara (25%) and Teck Ireland Ltd. ("Teck") (75%). Three mineralized zones have been identified in the Stonepark area. These include Stonepark, Stonepark North & Stonepark West.

 

The latest results from Stonepark West in Limerick continue to expand the zinc/lead mineralized zone to the south and northeast. This zone remains open in several directions.

 

 

Highlights

·; Hole 103 intersects 3.85m @ 5.35% Zinc (Zn) and 1.58% Lead (Pb) from 264.15m including 1.2m 12.41% Zn and 4.66% Pb from 264.15m

·; Hole 100 intersects 13m @ 0.14% Zn and 0.04% Pb from 276m

 

Chairman, John Teeling commented:

 

"The continued expansion of the Stonepark West discovery in Limerick highlights the extensive nature of the mineralizing system. These results follow on from the Company's announcement of 20 December 2011 and further expand the targeted upper mineralized zone. The ongoing 2012 drilling programme will test the extent of the current zone as well as targeting new areas."

 

 

Operational Details

 

The latest results in Stonepark West from Hole 103 continue to expand the upper mineralized zone as seen in holes 99 (100m north - 7.2m 6.37%Zn/2.17%Pb) and 95 (200m north - 2.67m 10.88%Zn/4.03%Pb). These 3 drillholes are structurally separated from Holes 86, 89 & 91 to the west, where the principal mineralized zone is at a deeper level (average 380m).

 

The results from Hole 100, drilled 150m to the North East of Hole 95, shows that the mineralized zone extends in this direction, opening up the possibilities of expansion towards Stonepark North.

 

 

 

Table 1: Stonepark West Drilling Highlights

Hole ID

From (m)

To (m)

Thickness1 (m)

zinc (%)

lead (%)

TC-2638-103

264.15

268

3.85

5.35

1.38

Including:

TC-2638-103

264.15

265.35

1.2

12.41

4.66

TC-2638-100

276

289

13

0.14

0.04

TC-2638-0994

244.8

252

7.2

6.37

2.17

Including:

TC-2638-0994

244.8

247.47

2.67

10.88

4.03

TC-2638-0954

248.8

250.8

2

11.62

0.49

TC-2638-0914

381.2

383.6

2.4

4.47

0.21

TC-2638-0863

382.5

385

2.5

4.16

4.37

TC-2638-0642

273.00

276.10

3.10

1.92

0.56

TC-2638-0642

290.00

288.00

2.00

1.09

0.01

TC-2638-0712

260.30

262.00

1.70

3.01

0.09

1All drill holes are vertical (-90 degrees). 2Reported 25th May 2011. 3Reported 8th September 2011. 4Reported 20th December 2011

 

The website version of this announcement, which can be found at http://www.connemaramc.com/investor/ includes as an appendix maps and diagrams that show the relative location of the three mineralized zones and drill holes.

 

Connemara is a diversified exploration company, with principal assets in base metal zinc/lead exploration licenses as well as shear hosted gold targeting licenses, in Ireland. The Company holds interests in 33 licenses covering an area of approximately 1,250 sq km.

 

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 Professional Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years' experience in mineral exploration and site investigation fields.

 

 

Enquiries:

 

Connemara Mining Company Plc

John Teeling, Chairman

+353 (0) 1 833 2833

Jim Finn, Financial Director

Westhouse Securities Limited

Tim Feather

+44 (0) 20 7601 6100

Richard Baty

College Hill

Nick Elwes

+44 (0) 207 457 2020

Optiva Securities Ltd

Jason Robertson

+44 (0) 203 137 1906

Jeremy King

+44 (0) 203 137 1904

Pembroke Communications

David O'Siochain

+353 (0) 1 649 6486

 

 

www.connemaramining.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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