Last checked at 4 Nov 2013 07:00
4 November 2013
Connemara Mining Co PLC
("Connemara" or the "Company")
Ten Prospecting Licences Awarded in Ireland
The board of Connemara Mining Company plc ("Connemara") (AIM: CON), today announces that it has been awarded 10 prospecting licences covering 413km² in the Stranorlar region of Donegal, Ireland. The licences cover gold, silver and base metals. The focus of Connemara's exploration will be gold.
The Donegal ground was selected by Connemara's geologists following a rigorous review of gold opportunities in Ireland. Historical records of the Donegal area show certain anomalies consistent with gold while the geology shares similarities with the major gold discoveries by Dalradian Resources and others in Tyrone, Northern Ireland.
Significant support for our evaluation is contained in the recently released 'Tellus Border' data of the Geological Survey of Ireland highlighting gold opportunities in the border area. This showed extensive gold anomalies in the Donegal area.
The indicators highlighted in the 'Tellus Border' survey will be added to our database to help in designing a work programme which will start with geophysical and geochemical sampling.
John Teeling, chairman, commented, "We are actively involved in the gold renaissance in Ireland. Our gold joint venture with Hendricks of Canada has identified high potential targets in the Wicklow/Wexford region. The positive results of exploration by Dalradian Resources, a Toronto company, indicate a multi-million ounce gold deposit in the Tyrone area.
"The geology of Donegal lies within the highly prospective Dalradian terrane which is also home to the Curraghinalt Gold Deposit in Northern Ireland and the Cononish Mine in Scotland. Traces of gold have been discovered in earlier exploration in Donegal. We were delighted that the Tellus data issued in recent days re-enforces our findings. This is early stage prospecting but the potential is good."
Enquiries:
Connemara Mining Company Plc
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Director
Blythe Weigh Communications +44 (0)20 7138 3204
Tim Blythe +44 (0) 7816 924626
Halimah Hussain +44 (0) 7725 978 141
Camilla Horsfall +44 (0) 7817 841 793
Westhouse Securities Limited
Richard Baty +44 (0) 20 7601 6100
David Coaten
Pembroke Communications
Alan Tyrrell +353 1 649 6486
Natalie Tennyson
www.connemaramining.com