Connemara Mining Company plc Drilling Completed at Inishowen (7737U)
27 October 2017 - 5:00PM
UK Regulatory
TIDMCON
RNS Number : 7737U
Connemara Mining Company plc
27 October 2017
27(th) October 2017
Connemara Mining Company plc ("Connemara")
Drilling Completed at Inishowen
-- Veins Intersected
-- Samples Submitted for Assay
-- Prospecting has Identified four New Targets
Connemara (AIM: CON) is pleased provide an update on exploration
activities at its 100%-owned Inishowen Project in Donegal, Ireland.
Drilling at the Meeneragh gold target and further sampling at new
gold targets has been completed. As planned, a total of two hundred
and sixty-two (262) metres were drilled on five (5) drill holes. A
total of sixteen (16) metres of drill core have been submitted for
assay. A total of twenty-one (21) samples were collected from
outcrop and boulders at four new targets. These samples were
collected across six (6) of the eleven (11) prospecting licences.
Results from assays from both drilling and prospecting are expected
mid-November.
John Teeling, Chairman, stated "We have completed the follow-up
drilling at the Meeneragh target as planned, we have intersected
veins and we look forward to the assay results. The information
from the new drilling gives us a better understanding on the nature
of mineralisation and its context in relation to geological
structures observed in the area. Connemara's geologists have also
completed sampling at other targets across the Inishowen Project
identified by earlier exploration and the Tellus programme. Our
geologists also report that the extreme flooding that occurred in
August has unearthed fresh outcrop in many areas which they intend
to follow up with a mini-drilling programme. Connemara is the first
company to complete exploration drilling for gold in the Inishowen
Peninsula, which lies to the west of other exciting projects in the
Dalradian rocks of Northern Ireland."
Meeneragh Drill Target, Inishowen
Historical assays led to selection of this target for initial
drilling and it is interpreted to be associated with the
interaction of the Glentogher Fault and rocks identified as
Dalradian Green Beds which are frequently associated with metal
deposits. The initial discovery hole, drilled in April 2016 (hole
3) graded 5.8 g/t Au over a 3.05 metre zone of narrow, high-grade
quartz veins at approximately 25 metres depth. In June 2016 a
further 643 metres over four holes were drilled. A similar
high-grade zone was intercepted at 8.13m at a steeper angle of 70
degrees grading 5.48 g/t Au over 4.82 metres. Gold mineralisation
is associated with zones of quartz veins and other altered zones.
Mineralisation has been identified up to depths of over 150 metres.
The target remains open at depth. The five (5) recently completed
holes intersected narrow quartz veins and, although these are
shallow holes, an improved understanding of the geometry has been
established.
Four New Targets at Inishowen
Connemara is not the first company to explore the Peninsula - a
number of companies have worked in the area from 1969 through 2014.
Work completed includes airborne geophysics as well as extensive
rock, soil and stream samples. Building on this work, including the
new Tellus data, four new targets have been identified:
a) Cleenagh
b) Garvary
c) Cloncha
d) Mossy Glen.
More detailed information relating to Meeneragh and the newly
identified targets, including location maps and technical data, is
available online at www.connemaramc.com/operations/inishowen/
Information on Connemara Mining
Connemara is a diversified exploration company with principal
assets in gold and zinc exploration licences across Ireland.
Connemara now holds interests in a total of 47 licences, including
joint ventures with Teck at the Oldcastle Zinc Project and with
Group Eleven Resources at the Stonepark Zinc Project.
This announcement has been reviewed and approved by Gavin
Berkenheger (CGeol) 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.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
ENDS
Enquiries:
Connemara Mining Company
Plc
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Director
+353 (0) 87 272
1748
+44 (0) 7552 378
Patrick Cullen, CEO 208
Northland Capital Partners
Limited
Matthew Johnson / Gerry +44 (0) 203 861
Beaney 6625
John Howes
+44 (0) 207 138
Blytheweigh 3204
+44 (0) 783 185
Nick Elwes 1855
+44 (0) 781 784
Camilla Horsfall 1793
Teneo PSG
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.connemaramc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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