Inishowen Exploration Update

RNS Number : 2813R
Connemara Mining Company plc
26 June 2015
 

 

26th June 2015

 

Connemara Mining Company plc ("Connemara")

Inishowen Exploration Update

 

Connemara Mining is pleased to announce the completion of the first phase of prospecting on the newly acquired Inishowen Block, in Donegal, Ireland. Initial results identified a clear target area for more detailed investigations.  Quartz vein material (float) measuring nearly half a metre wide with gold values in excess of 15 grams per tonne have been traced to a possible nearby source area.  Follow up work will include a tightly spaced soil sampling programme to further refine the target.  This will be followed by an initial trenching programme and a later drilling programme, if justified.

 

Chairman, John Teeling commented: "This is an exciting time for Connemara, and Irish minerals exploration.  The Ulster gold play was unlocked with previous discoveries in Tyrone and Monaghan.  We believe that this geology extends from Donegal into central Scotland.  It is early days but initial results seem to confirm our working model."

 

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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 the Company's technical advisor 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 Professional Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years' experience in mineral exploration and site investigation fields.

 

 


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 7382 1100

John Howes/Mark Treharne (Broking)


Dowgate Capital Stockbrokers Limited


Jason Robertson

+44 (0) 1293 517744

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

+44 (0) 7816 924 626

Halimah Hussain

+44 (0) 7725 978 141

Camilla Horsfall

+44 (0) 7817 841 793

PSG Plus


Aoife Ross

+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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