Intercepts 4.82m at 5.48g/t gold at Inishowen

RNS Number : 0420G

Connemara Mining Company plc

03 August 2016

 

3^rd August 2016

Connemara Mining Company plc ("Connemara")

Intercepts 4.82m at 5.48g/t gold at Inishowen, County Donegal

Connemara Mining (AIM: CON) would like to announce the results of the third and fourth hole drilling at Inishowen, County Donegal.  Multiple high-grade veins were intercepted over a 4.82m zone grading 5.48g/t gold in hole 16-MR-07.  This included a 10cm vein at 74.5g/t, a 24cm vein at 69g/t and a 13cm vein at 17.4g/t gold.  The shearing between the veins also contained elevated gold values.  This zone was intercepted immediately below the high-grade intercept from the first drilling campaign which revealed 3.05m at 5.79g/t gold.  Further drilling will concentrate on this zone and aim to identify it along strike and at depth.

Table 1: results of last two drill holes of phase 2 drilling at Inishowen, Co. Donegal

Hole	From (m)	To (m)	Width (m)	Gold grade (g/t)
16-MR-06	143.77	144.30	0.53	0.70
16-MR-06	163.85	165.00	1.15	0.10
16-MR-06	180.10	181.08	0.98	0.15
16-MR-06	202.55	203.40	0.85	0.10
16-MR-07	8.13	12.95	4.82	5.48
Which Included:
16-MR-07	8.38	8.48	0.10	74.50
16-MR-07	9.14	9.38	0.24	69.00
16-MR-07	12.82	12.95	0.13	17.40
16-MR-07	41.14	42.14	1.00	0.88
16-MR-07	92.00	93.50	1.50	0.18

John Teeling, Chairman, commented, "The fourth, and last hole, in the current drilling campaign produced some very good results.  Hole 16-MR-07 was located close to the hole in the last campaign which also produced high-gold grades.  There is clearly a high-grade gold zone in the area of these holes.  The next phase of drilling will be designed to follow the veins.

Connemara is a diversified exploration company with principal assets in gold, zinc and lead exploration licences in Ireland.  The company holds interests in 32 licenses covering an area of approximately 1, 290 sq km.

This announcement has been reviewed and approved by Gavin Berkenheger (BSc. Hons) 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. 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.Enquiries:

Connemara Mining Company Plc
John Teeling, Chairman	[phone]
Jim Finn, Director
Northland Capital Partners Limited
William Vandyk/Gerry Beaney	[phone]
John Howes
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Tim Blythe	[phone]
Camilla Horsfall	[phone]
Nick Elwes	[phone]
Rachael Brooks
PSG Plus
Colm Heatley	[phone]
Alan Tyrrell	[phone]

www.connemaramining.com

 

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