New Prospecting Licence in Kilkenny

RNS Number : 7765P

Connemara Mining Company plc

22 August 2014

 



22 August 2014

Connemara Mining Company

New Prospecting Licence in Kilkenny

Connemara Mining (AIM: CON), the diversified exploration company with licences in zinc/lead and gold exploration across Ireland, is delighted to announce that it has recently been awarded Prospecting License 3313 in County Kilkenny.

The new license is located to the north east of the Vedanta, Lisheen and Lundin, Galmoy Mines and to the south of the Rapla mineralized zone explored by Arcon and Lundin. The license covers almost 50 sq km, with previous drilling restricted to the north-west corner. The base metal target hosting Waulsortian Limestone horizon deepens to the south east. Vedanta hold licenses both to south and north of the block.

John Teeling, Chairman, commented:

"We are delighted to have been awarded the 50 sq km PL3313 licence in Kilkenny.  This part of Ireland, which contains the giant Lisheen zinc mine and closed Galmoy mine, has always been rich in zinc.  Our previous drilling has been focused on the north west of the block and we have potential targets to the south east.

"We are excited that the zinc industry is finally coming back to life with a supply deficit, which is likely to continue for some years.  This licence adds to the high quality portfolio of licences across Ireland held by Connemara."

Ends

Connemara is a diversified exploration company with principal assets in base metal zinc/lead exploration licences as well as shear hosted gold exploration licences in Ireland.  The company holds interests in 29 licences covering an area of approximately 1,115 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, Director
Westhouse Securities Limited
Martin Davison	[phone]
Robert Finlay
Blytheweigh	[phone]
Tim Blythe	[phone]
Halimah Hussain	[phone]
Camilla Horsfall	[phone]
Pembroke Communications
Natalie Tennyson	[phone]
Alan Tyrrell	[phone]

www.connemaramining.com

 

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