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:
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Connemara Mining Company Plc
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John Teeling, Chairman
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+353 1 833 2833
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Jim Finn, Director
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Northland Capital Partners Limited
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|
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William Vandyk/Gerry Beaney
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+44 (0) 20 3861 6625
|
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John Howes
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|
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Dowgate Capital Stockbrokers Limited
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|
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Jason Robertson
|
+44 (0) 1293 517744
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Blytheweigh
|
+44 (0) 20 7138 3204
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|
Tim Blythe
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+44 (0) 7816 924 626
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Camilla Horsfall
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+44 (0) 7817 841 793
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Nick Elwes
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+44 (0) 7831 851 855
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Rachael Brooks
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PSG Plus
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Colm Heatley
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+353 1 661 4055
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Alan Tyrrell
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+353 1 661 4055
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www.connemaramining.com