Result of AGM

RNS Number : 6244M

Connemara Mining Company plc

17 July 2014

 



17^th July 2014

Highlights of the Chairman's Statement to the AGM of

Connemara Mining Plc held In Dublin at 11am Thursday 17^th July 2014.

Connemara, the Irish based zinc and gold explorer held its annual general meeting today and at the meeting the Chairman, John Teeling, made the following remarks:

1.         After years in the doldrums there are signs that our exploration sector can look forward to better times - the zinc price is rising, the gold price is stable, $20 million has been raised by Dalradian for gold exploration in Northern Ireland and there is some interest in our assets.

2.         Limerick Zinc - Our partner continues a  programme of limited geophysical and lithogeochemical testing, on this drill ready block

3.         Oldcastle in Meath - Our partner, who is operator and spending all of the money is reviewing extensive geological, geophysical and geochemical data with the aim of focussing the drill targeting program.

4.         Wexford/Wicklow Gold - Our partner, Hendrick Resources, is currently undertaking a detailed soil and rock sampling program in a zone with interesting recent gold results.

5.         Donegal Gold - the initial exploration results showed some encouraging geochemical zones associated with our new structural/geological model for this underexplored area.  Similarites can be drawn to the Dalradian Curraghinalt structural/geological zone.

6.         Other Zinc Licences - We have extended our Thurles Licences to 2016 and have been awarded a new licence in Kilkenny, close to the Rapla mineralised zone - recently awarded to Vedanta.

All resolutions put to the meeting were duly passed.

Ends

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

 

END

 

 

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