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Connemara Mining Company Plc
Summary
| Project: | Oldcastle | |
|---|---|---|
| Deposit: | Oldcastle | |
| Location: | Ireland | |
| Commodities: | Zinc-Lead | |
| Date: | 2/8/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-2-2017: Connemara Mining Company Plc announces an Exploration/Drilling Update report for its Oldcastle deposit at the Oldcastle project. Drilling results incl. 1m @ 0.35% Zn, 0.09% Pb from 752m. The directors of Connemara Mining (AIM: CON) are pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gavin Berkenheger (Not stated) | |
| ABSTRACT: | The directors of Connemara Mining (AIM: CON) are pleased to provide an update on exploration activities at Oldcastle. Trace mineralisation has been intersected in the latest drill hole within the Oldcastle Block located on the Meath/Cavan border. The Oldcastle block of five licences is being explored by Teck Ireland Ltd (Teck) under an option agreement with Connemara, where Teck have now earned into a 65% holding in the block. Results from TC-1991-003 include 0.3% zinc and 0.09% lead at 725-726m (1m), from the Top Micrites of the Navan Group. The drill hole helps in establishing the regional model and in targeting directions for future drilling. Teck continues to advance the Oldcastle ground as part of their North Midlands zinc exploration programme where the target is a Navan style zinc/lead orebody. John Teeling, Chairman, commented "We are making progress on both active exploration programmes. The Oldcastle project, being funded by Teck, is grass a roots exploration programme. We are searching for a world-class system -with the Tara Mines style zinc orebody being the analogue. We have evidence for favourable stratigraphy, structures, alteration and trace mineralization in an area that is 20 miles from Navan. The latest drill hole has traces of lead and zinc, as do the two previous holes in the area. The results are being built into a developing model of the area to improve targeting criteria for potential future drilling.” | |
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