Drilling Update

RNS Number : 7514B
Connemara Mining Company plc
24 February 2011
 



24th February 2011

 

Connemara Mining Company plc

 

("Connemara" or the "Company")

 

Drilling Begins on Thurles Block

 

The directors of Connemara (AIM:CON) the AIM listed Irish zinc explorer are pleased to announce that drilling has begun on their three-licence Thurles block near the Lisheen zinc mine in Tipperary.

 

The initial programme is 3 x 300 metre holes, the locations of which have been selected after regional and detailed geophysics followed by geological modeling.

 

The initial holes will be drilled on the northern hanging wall of faults along the floors of the Littleton  Inlier.  The target is a Lisheen type zinc / lead discovery.

 

John Teeling, Chairman, commented:

"Zinc in Ireland is a good story.  Our discovery at Stonepark, that of Xstrata / Minco beside us and reported extensions at the Navan and Lisheen zinc mines combine well with strong demand and prices to produce an industry in good health.  Our ground in the Thurles area is prospective sharing many of the characteristics of the nearby Lisheen mine.  We have reviewed all existing data on the licences and conducted detailed geophysics.  As a result we have identified three targets.  This is high risk early stage exploration but the potential is good."

 

This announcement has been reviewed and approved by the Company's technical director Graham Reid (P.Geo) 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.  Mr Reid is a Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years experience in mineral and site investigation fields.

 

Enquiries:




Connemara Mining Company Plc


John Teeling, Chairman

+353 (0)1 833 2833

Jim Finn, Financial Director




Smith & Williamson Corporate Finance Limited


Nick Reeve

+44 (0) 117 3762213

Barrie Newton

+44 (0) 117 3762213



College Hill


Nick Elwes

+44 (0) 207 457 2020

 

www.connemaramining.com


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