Drilling on Thurles Block

RNS Number : 9621G

Connemara Mining Company plc

05 July 2012

 



5 July 2012

Connemara Mining Company

Drilling on Thurles Block

Connemara Mining ("Connemara" or "The Company") (AIM: CON), the diversified exploration company with principal assets in base metal zinc and lead exploration licences across Ireland, today announces that drilling has been completed on Thurles Prospecting Licence 1577. The results from this latest drilling, when combined with that from three earlier holes, are sufficiently encouraging for The Company to apply for a two year extension of the licence over the four blocks in the Thurles area.

The hole encountered thick sequences of Suprareef lithologies, some of which were brecciated and fractured, with extensive cavities.  The extensive broken, cavity and brecciated rocks encountered in this hole suggest that it was drilled down a significant structure, which is supported by the gravity data for this area.  No mineralisation was encountered in this hole. 

The hole was stopped at 294.3m due to the difficult and slow drilling conditions.  The data is being extensively analysed and included into the general regional picture of the licence block and beyond. 

The Thurles Block is dominated by a southwesterly plunging syncline, located close to Vedanta's Lisheen Mine. Southwestern trending faults, with NW offsets are key in the development of the Lisheen orebodies. Similar structures could be developed on the Thurles Block, as possibly shown by the latest drilling on PL1577.

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Connemara is a diversified exploration company with principal assets in base metal zinc/lead exploration licences as well as shear hosted gold exploration licences in Ireland.  The company holds interests in 34 licences covering an area of approximately 1,250 sq km.

This announcement has been reviewed and approved by the Company's technical director Graham Reid (P.Geo) 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.  Mr Reid is a Professional Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years' experience in mineral exploration and site investigation fields.

Enquiries:

Connemara Mining Company Plc

John Teeling, Chairman                                                              [phone]

Blythe Weigh Communications                                              [phone]

Tim Blythe                                                                                [phone]

Robert Kellner                                                                          [phone]

Westhouse Securities Limited

Richard Baty                                                                             [phone]

Petre Norton

Optiva Securities Ltd

Jason Robertson                                                                        [phone]

Jeremy King                                                                             [phone]

Pembroke Communications

David O'Siochain                                                                      [phone]

www.connemaramining.com

 

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