Connemara (AIM: CON) is pleased to announce that further diamond drilling at its 100%-owned Inishowen Gold Project will commence on 25 September 2017.
Initially, five (5) holes are planned to test the geometry and extension of gold bearing veins discovered in 2016. In addition more mapping and sampling will be conducted over the wider area.
John Teeling, Chairman, stated
“This is the next step in our gold exploration programme in Donegal. We need to find out if the gold bearing veins discovered in 2016 extend across the licence. Other operations in bordering County Tyrone in similar geological settings include the Galántas Gold Corp’s operating Omagh Gold Mine and the significant gold reserve established at Dalradian Resources’ Curraghinalt Project. ”
The Inishowen project consists of eleven (11) contiguous prospecting licences located on the Inishowen peninsula in County Donegal, Ireland. These licences cover the entire Green Bed Member of the Dalradian Supergroup on the peninsula which is considered by Connemara to be highly prospective for mesothermal gold.
This next round of drilling is expected to build on the success of the initial discovery in April 2016 where 3.05m grading at 5.8g/t Au was discovered in hole 3 at 23.05m. In June 2016 a further 643m was drilled over 4 holes targeting the veins from the north drilling south. A high-grade zone was intercepted at 8.13m at a steeper angle of 70 degrees grading 4.82m at 5.48g/t Au. The zone was not located in the step back drilling further from the north. The new 2017 holes will target the veins by drilling from the south in order to establish the geometry of the gold-bearing veins.
In addition, more detailed structural data in the surrounding area will be collected that may assist expert analysis to direct further drill programmes. New targets identified from compilation work will also be investigated over the northern part of the project area.
Investor Event Wednesday 27 September
Connemara CEO Patrick Cullen will be presenting at the Share Talk Investor’s Evening on Wed 27 September at NEX Exchange, London. To book your free ticket(s) click on the following link or copy and paste it to your browser: https://www.eventbrite.co.uk/e/regency-mines-widecells-group-vast-resources-connemara-mining-company-tickets-28740408335
Information on Connemara Mining
Connemara is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland. Connemara holds interests in a total of 35 licences, including joint ventures with: Teck at the Oldcastle Zinc Project; Group Eleven Resources at the Stonepark Zinc Project; and with Hendrick Resources at Mine River Gold Project. Of these, 24 are 100% owned by Connemara while joint venture partners have earned in on the remainder.
This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) 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 (EU) 596/2014.
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