Inishowen Gold Licences Update

RNS Number : 8050W

Connemara Mining Company plc

24 August 2015

 

24^th August 2015

Connemara Mining Company plc ("Connemara")

Inishowen Gold Licences Update

The directors of Connemara Mining (AIM: CON) are pleased to provide an update on the gold exploration programme being undertaken in the Inishowen area of Donegal. 

The second phase of exploration involved a soil sampling programme over 700 sq m of ground encompassing the area which contained most of the boulders containing high gold grades found in the earlier exploration programme.  Soil samples were spaced 20 m apart in an attempt to identify a subsurface source of the gold bearing rocks.  The results of the exploration are encouraging with grades up to 0.46 g/t and the identification of a defined area for trenching which will be the focus of the next programme.

John Teeling, chairman commented: "We continue to make progress on this 5 licence block in Donegal.  It is very early days in what could be a long exploration programme but the indicators continue to remain positive.  The next stage, the plans for which are being drafted, will involve trenching to identify the nature of the gold bearing ore.  Phase 3 will commence later in 2015."

Ends

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.  Connemara has joint ventured elven zinc licences with Teck Resources of Canada and its Wicklow/Wexford gold licences with Hendricks Resources of Canada.  Donegal gold licences are 100% owned and operated by Connemara Mining.

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
Gerry Beaney	[phone]
William Vandyk
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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