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Connemara Mining Company Plc
Summary
| Project: | Inishowen | |
|---|---|---|
| Deposit: | Inishowen | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 7/27/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2016: Connemara Mining Company Plc announces an Exploration/Drilling Update report for its Inishowen deposit at the Inishowen project. Drilling results incl. 1.00m @ 2.48g/t Au from 32.75m. Connemara Mining (AIM: CON) is pleased to report results fro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gavin Berkenheger (Not stated) | |
| ABSTRACT: | Connemara Mining (AIM: CON) is pleased to report results from the first two drill holes in a four hole programme on our licences in Donegal. This is the second drilling campaign conducted in the area. The first two holes have encountered what is believed to be a new gold system in a Green Bed environment contained within quartz calcite veins, shears and an altered unit. This type of geology is known to host very large deposits in other parts of the world. A 1m section in hole 16-MR-05 contained an average grade of 2.48g/t Au with a 33cm quartz vein at 6.85g/t Au. A 2.98m section at 0.27g/t Au contained multiple quartz calcite veins within sheared, fractured pelite. Another group of quartz calcite veins over 0.55m ran 1.37g/t Au. An altered unit within the semipelite contained a grade of 1.03m at 0.33g/t Au. The mineralisation is still not well understood but these results in this particular geological environment are extremely encouraging with potential for additional mineralisation along strike and at depth. Each hole was located 100m apart. So far the presence of sphalerite in quartz veins has been a good indicator of gold. The second batch of results is expected shortly. John Teeling, Chairman, commented "A significant and exciting indication from these results is that we have identified a new gold system of a type known to contain large gold deposits. Finding gold in fault zones, shears and altered zones shows there must have been significant gold bearing fluids there at some time. This is still an early stage project. We await with interest results from the remaining two holes which are being analysed. These will be available within weeks." | |
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