Inishowen Exploration Update

RNS Number : 2813R

Connemara Mining Company plc

26 June 2015

 

26^th 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	[phone]
Jim Finn, Director
Northland Capital Partners Limited
William Vandyk/Gerry Beaney	[phone]
John Howes/Mark Treharne (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Tim Blythe	[phone]
Halimah Hussain	[phone]
Camilla Horsfall	[phone]
PSG Plus
Aoife Ross	[phone]
Alan Tyrrell	[phone]

www.connemaramining.com

 

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