Connemara Mining Company plc
09 April 2008
9th April 2008
Connemara Mining Company Plc
Exploration Update on Lough Sheelin Zinc Lead Prospect
Highlights:
• Positive initial results extend drilling programme from 5 to 11 holes
• Low to medium grade mineralisation observed in most holes
• Results of two holes received to date show grades of 4.35% Zinc and 2.32%
Lead over 0.45m in one hole and 1.15m of 6.4% Zinc and 0.99% Lead in the
other
• Grades improving through programme - moving closer to source of
mineralisation
The Directors of Connemara (AIM:CONN) are pleased to update shareholders on
their Lough Sheelin exploration activities. Connemara has completed an 11-hole
widely spaced drilling programme at Lough Sheelin in Cavan.
The programme was originally intended to be 5 holes but positive indications
extended the drilling. To date results have been obtained for two holes, five
are in the laboratory and two are in sample preparation, one hole missed the
target and one hole was barren. Hole C-3925-1 has an interval of 4.35% Zinc and
2.32% Lead over 0.45m. Hole C-3925-5 has low to medium grade Zinc/Lead
mineralisation over 5 metres including 1.15 metres of 6.4 % Zinc and 0.99% Lead.
As the drilling proceeded the mineralisation improved. The last three holes, yet
to be analysed, appear to contain significant grade and thickness of
mineralisation.
The style of mineralisation intersected is a combination of disseminated and
fracture fill sphalerite and galena. The grade and style of mineralisation are
what would be expected to be encountered within an area contiguous to a deposit.
The Lough Sheelin property consists of five contiguous prospecting licences
covering an area of approximately 170.76 km2 of Counties Meath and Cavan in
north-central Ireland. The block is located approximately 25km west of the
c.100Mt Navan Deposit, which is currently owned and operated by New Boliden-Tara
Mines Ltd. The geology of the Lough Sheelin area is strongly analogous to Navan,
with the target horizons consisting of a cyclical sequence of limestones, shale
and sandstone. The Connemara Lough Sheelin block is situated at the intersection
point of two major structural trends (the Longford-Down and the
Tynagh-Ballinalack Trends), which is considered to be highly prospective.
John Teeling, Chairman, commented;
'We are very excited with our drilling at Lough Sheelin. Historic data led us to
expect to encounter Zinc, but we are pleased with the extent and type of
mineralisation. The original 5-hole programme was repeatedly extended to follow
the discovery.
The good news in this story is that the mineralisation is open and we have not
yet discovered the source - although we appear to be moving closer to it. The
lesson from the discovery of the SWEX (Southwest Extension) Zone at the Navan
mine, some 20km away is that low grade pervasive halos can be important and must
be followed along to the feeder systems.
On receipt and analysis of the remaining drill results we will decide on a
follow up programme.'
This release has been approved by Graham Reid, P. Geo., Director BRG Technical
Services, consultants to Connemara. Mr. Reid has 30 years mineral exploration
and evaluation experience.
Contacts:
Connemara Mining Company Plc
John Teeling, Chairman +353 1 833 2833
Jim Finn, Financial Director
Blue Oar Securities Plc
John Wakefield +44 (0) 117 933 0020
Simon Moynagh
College Hill
Paddy Blewer +44 (0) 207 457 2020
Nick Elwes
www.connemaramining.com
This information is provided by RNS
The company news service from the London Stock Exchange
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