Drilling, Inishowen Gold Licences

RNS Number : 1229V
Connemara Mining Company plc
14 April 2016
 

 

14th April 2016

 

Connemara Mining Company plc ("Connemara")

Drilling, Inishowen Gold Licences

 

Connemara Mining (AIM: CON) would like to announce the silver, lead, zinc  assay results from the short hole drilling programme conducted earlier this year, the gold results from which were announced 07/04/16.  In hole 1 (16-MR-01) at 31.1m, a 0.30m interval returned 9.3g/t silver, 0.34% lead and 1.32% zincHole 2 (16-MR-02) intersected 0.48m at 29.2g/t Silver, 1.31% Lead and 0.55% Zinc and hole 3 (16-MR-03) returned 0.39m at 9.7g/t Silver, 0.43% lead and 0.86% zinc.  A full list of intervals along with the gold assays can be seen in the table below:

 

Hole

From

To

Width

Silver

Lead

Zinc

16-MR-01

31.11

31.41

0.30

9.3

0.34

1.32

16-MR-02

36.40

37.00

0.60

4.7

0.11

0.37

16-MR-02

39.80

40.28

0.48

29.2

1.31

0.55

16-MR-03

7.67

7.77

0.10

7.4

0.42

0.93

16-MR-03

23.48

23.65

0.17

4.3

0.04

0.08

16-MR-03

25.50

25.89

0.39

9.7

0.43

0.86

 

The results at depth are supported by surface sampling results where galena and pyrite bearing quartz boulders in the vicinity of the drill hole locations have returned values up to 70g/t and 46.8g/t silver.  A 10cm quartz galena vein in outcrop a few kilometres to the north returned 572g/t Silver and 19% lead.

 

 

Connemara is a diversified exploration company with principal assets in gold, zinc and lead exploration licences in Ireland.  The company holds interests in 35 licenses covering an area of approximately 1, 350 sq km.

 

This announcement has been reviewed and approved by Gavin Berkenheger (BSc. Hons) 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. 

 

 


Enquiries:

 

Connemara Mining Company Plc


John Teeling, Chairman

+353 1 833 2833

Jim Finn, Director


Northland Capital Partners Limited


William Vandyk/Gerry Beaney

+44 (0) 20 3861 6625

John Howes


Dowgate Capital Stockbrokers Limited


Jason Robertson

+44 (0) 1293 517744

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

+44 (0) 7816 924 626

Camilla Horsfall

+44 (0) 7817 841 793

PSG Plus


Colm Heatley

+353 1 661 4055

Alan Tyrrell

+353 1 661 4055

 

www.connemaramining.com

 

 


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