17 Jul 2014 12:00
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17th July 2014
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Highlights of the Chairman's Statement to the AGM of
Connemara Mining Plc held In Dublin at 11am Thursday 17th July 2014.
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Connemara, the Irish based zinc and gold explorer held its annual general meeting today and at the meeting the Chairman, John Teeling, made the following remarks:
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1. After years in the doldrums there are signs that our exploration sector can look forward to better times - the zinc price is rising, the gold price is stable, $20 million has been raised by Dalradian for gold exploration in Northern Ireland and there is some interest in our assets.
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2. Limerick Zinc - Our partner continues a programme of limited geophysical and lithogeochemical testing, on this drill ready block
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3. Oldcastle in Meath - Our partner, who is operator and spending all of the money is reviewing extensive geological, geophysical and geochemical data with the aim of focussing the drill targeting program.
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4. Wexford/Wicklow Gold - Our partner, Hendrick Resources, is currently undertaking a detailed soil and rock sampling program in a zone with interesting recent gold results.
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5. Donegal Gold - the initial exploration results showed some encouraging geochemical zones associated with our new structural/geological model for this underexplored area. Similarites can be drawn to the Dalradian Curraghinalt structural/geological zone.
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6. Other Zinc Licences - We have extended our Thurles Licences to 2016 and have been awarded a new licence in Kilkenny, close to the Rapla mineralised zone - recently awarded to Vedanta.
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All resolutions put to the meeting were duly passed.
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Ends
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Enquiries:
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Connemara Mining Company Plc | |
John Teeling, Chairman | +353 1 833 2833 |
Jim Finn, Director | |
Westhouse Securities Limited | |
Martin Davison | +44 (0) 20 7601 6100 |
Robert Finlay | |
Blytheweigh | +44 (0) 20 7138 3204 |
Tim Blythe | +44 (0) 7816 924 626 |
Halimah Hussain | +44 (0) 7725 978 141 |
Camilla Horsfall | +44 (0) 7817 841 793 |
Pembroke Communications | |
Natalie Tennyson | +353 1 649 6486 |
Alan Tyrrell | +353 1 649 6486 |
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www.connemaramining.com
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