Limerick Zinc Discovery Update

RNS Number : 0310Y

Connemara Mining Company plc

24 February 2012

 



Connemara Mining Company Plc

"Connemara" or the "Company"

Limerick Zinc Discovery Update

Connemara Mining Company Plc ("Connemara" or "the Company") (AIM CON) is pleased to provide an update on its exploration programme on the Stonepark area in Limerick.  The program is a joint venture between Connemara (25%) and Teck Ireland Ltd. ("Teck") (75%).  Three mineralized zones have been identified in the Stonepark area. These include Stonepark, Stonepark North & Stonepark West.

The latest results from Stonepark West in Limerick continue to expand the zinc/lead mineralized zone to the south and northeast.  This zone remains open in several directions.

Highlights

·     Hole 103 intersects 3.85m @ 5.35% Zinc (Zn) and 1.58% Lead (Pb) from 264.15m including 1.2m 12.41% Zn and 4.66% Pb from 264.15m

·     Hole 100 intersects 13m @ 0.14% Zn and 0.04% Pb from 276m

Chairman, John Teeling commented:

"The continued expansion of the Stonepark West discovery in Limerick highlights the extensive nature of the mineralizing system.  These results follow on from the Company's announcement of 20 December 2011 and further expand the targeted upper mineralized zone. The ongoing 2012 drilling programme will test the extent of the current zone as well as targeting new areas."

Operational Details

The latest results in Stonepark West from Hole 103 continue to expand the upper mineralized zone as seen in holes 99 (100m north - 7.2m 6.37%Zn/2.17%Pb) and 95 (200m north - 2.67m 10.88%Zn/4.03%Pb). These 3 drillholes are structurally separated from Holes 86, 89 & 91 to the west, where the principal mineralized zone is at a deeper level (average 380m).

The results from Hole 100, drilled 150m to the North East of Hole 95, shows that the mineralized zone extends in this direction, opening up the possibilities of expansion towards Stonepark North.

Table 1: Stonepark West Drilling Highlights

Hole ID	From (m)	To (m)	Thickness1 (m)	zinc (%)	lead (%)
TC-2638-103	264.15	268	3.85	5.35	1.38
	Including:
TC-2638-103	264.15	265.35	1.2	12.41	4.66
TC-2638-100	276	289	13	0.14	0.04
TC-2638-0994	244.8	252	7.2	6.37	2.17
	Including:
TC-2638-0994	244.8	247.47	2.67	10.88	4.03
TC-2638-0954	248.8	250.8	2	11.62	0.49
TC-2638-0914	381.2	383.6	2.4	4.47	0.21
TC-2638-0863	382.5	385	2.5	4.16	4.37
TC-2638-0642	273.00	276.10	3.10	1.92	0.56
TC-2638-0642	290.00	288.00	2.00	1.09	0.01
TC-2638-0712	260.30	262.00	1.70	3.01	0.09

¹All drill holes are vertical (-90 degrees). ²Reported 25^th May 2011. ³Reported 8^th September 2011. ⁴Reported 20^th December 2011

The website version of this announcement, which can be found at http://www.connemaramc.com/investor/   includes as an appendix maps and diagrams that show the relative location of the three mineralized zones and drill holes.

Connemara is a diversified exploration company, with principal assets in base metal zinc/lead exploration licenses as well as shear hosted gold targeting licenses, in Ireland.  The Company holds interests in 33 licenses covering an area of approximately 1,250 sq km.

This announcement has been reviewed and approved by the Company's technical director 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, Financial Director
Westhouse Securities Limited
Tim Feather	[phone]
Richard Baty
College Hill
Nick Elwes	[phone]
Optiva Securities Ltd
Jason Robertson	[phone]
Jeremy King	[phone]
Pembroke Communications
David O'Siochain	[phone]

www.connemaramining.com

 

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