Trenching Results, Inishowen Gold Licences

RNS Number : 2504F

Connemara Mining Company plc

11 November 2015

 

11^th November 2015

Connemara Mining Company plc ("Connemara")

Trenching Results, Inishowen Gold Licences

Connemara Mining (AIM: CON) is pleased to announce the results of the trenching programme carried out on our ground at Inishowen, County Donegal.  Trenching was conducted over the high gold grade soil samples obtained in July 2015.  This was done in an attempt to identify a subsurface source of the anomalous quartz rock found scattered in the surrounding fields.  Channel sampling of the exposed bedrock obtained good grades indicating 0.80m at 7.95g/t Gold and 1.1m at 1.78g/t Gold.  This includes a 12cm vein at 30.1g/t, 10cm at 16.85g/t and 10cm at 10.45g/t Gold.

The veins were narrow, averaging 10 to 12cm wide; however such veins have been known to swell.  Judging by the size of gold bearing boulders removed from the foundations of a nearby building it is possible that they could swell to as much as 80cm. In this geological environment it is normal that veins do not occur by themselves so multiple veins are expected to be found over the course of further exploration.

The next steps involve detailed mapping and prospecting over a 4-6 sq km area, expanding the soil sampling to see how far this gold anomaly extends and conducting further trenching.  A shallow drill hole programme is being considered to generate information on dip and strike direction.  The whole programme will commence in early 2016.

John Teeling, Chairman, commented "This is a very good result.  It is rare to find high grade gold.  Now we need to find out how big is the area containing the gold.  We need more information on the extent of these veins as well as tracing their width.  Based on boulders in the area we are confident that at least one vein will swell.  The next phase will begin early in 2016."

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 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. 

Enquiries:

Connemara Mining Company Plc
John Teeling, Chairman	[phone]
Jim Finn, Director
Dipti Mehta
Northland Capital Partners Limited
Gerry Beaney	[phone]
William Vandyk
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Tim Blythe	[phone]
Camilla Horsfall	[phone]
PSG Plus
Aoife Ross	[phone]
Alan Tyrrell	[phone]

www.connemaramining.com

 

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