Initial Results, Inishowen Gold Licences

RNS Number : 3979O

Connemara Mining Company plc

28 May 2015

 

28^th May 2015

Connemara Mining Company plc ("Connemara")

Initial Results, Inishowen Gold Licences

Connemara Mining (AIM: CON) is pleased to announce initial results from an ongoing prospecting programme on the five licence block of ground in the Inishowen area of Donegal centred around the historic Glentogher Lead-Silver Mine.  Quartz vein boulders up to 45cm in diameter containing encouraging grade gold have been found in a one kilometre square area.  Gold grades obtained include 15.35g/t, 15.7g/t, 6.99g/t, 4.52g/t, and 5.42g/t.  Prospecting is ongoing over other target areas.  It is expected that geophysics and additional sampling will be required to identify potential drill targets.

John Teeling, Chairman, commented "These are encouraging results, though it must be stressed that this is an early step along a long road.  The results support earlier work which identified gold traces in soil samples.  We await results from analysing other samples but this outcome indicates the need for a more detailed programme to identify possible drill targets."

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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