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Connemara Mining Company Plc
Summary
| Project: | Stonepark | |
|---|---|---|
| Deposit: | Stonepark | |
| Location: | Ireland | |
| Commodities: | Zinc | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Connemara Mining Company Plc announces an Exploration/Drilling Update report for its Stonepark deposit at the Stonepark project. Drilling results incl. 5.40m @ 24.97% Zn, 7.20% Pb, 12.22g/t Ag from 234.05m. Connemara Mining Company plc (LON: CO | |
| Resources: | 5.3Mt @ 8.55% Zn, 2.60% Pb for 990Klbs Zn, 301Klbs Pb contained | |
| CP/QP: | [Overall Report]: Gavin Berkenheger (Not stated) | |
| ABSTRACT: | Connemara Mining Company plc (LON: CON), the Irish gold and zinc exploration company, is pleased to announce results from hole G11-2638-01 at the Stonepark Zinc Project ("Stonepark"). This hole was drilled into a key area of known high-grade mineralisation on the presumed eastern edge of the recently announced maiden Inferred Mineral Resource Estimate (RNS dated 17 April 2018). Connemara's joint venture partner, Group Eleven Resources Corp. ("Group Eleven"), is the project operator. Patrick Cullen, Chief Executive Officer of Connemara, commented: "We are very pleased with these grades from the first new hole at Stonepark since 2012 and with progress following on from the recent announcement of a maiden Resource. The results underline the high grade nature of the deposit. "The decision to drill inclined holes has yielded immediate results by giving better structural information. This has opened the deposit eastwards, presenting opportunity to increase the Resource towards Glencore's Pallas Green deposit."The strategic value of the location of Stonepark should not be overlooked, it lies adjacent to Pallas Green. These deposits are Ireland's two largest undeveloped zinc-lead Resources by metal contained." The Stonepark Zinc Project is a joint venture between Connemara (23.44% interest) and Group Eleven (76.56% interest). The NI43-101 independent report on Stonepark has been uploaded to SEDAR by partner Group Eleven and a copy of this report is available on the Connemara website. | |
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