Drilling Update

RNS Number : 8396C

Connemara Mining Company plc

14 March 2011

 



14th March 2011

Connemara Mining Company plc

("Connemara" or the "Company")

Stonepark Update

·	Step out drilling has intersected hydro thermal breccias and low-grade Zinc-Lead mineralisation up to 2km southwest of the Stonepark North Zone
·	25,000 metres drilling program for 2011 is ongoing
·	Six drill rigs now on site
·	Airborne gravity survey completed.  Seismic survey planned in Q2

The board of Connemara Mining Company plc (AIM:CON) is pleased to present an update on drilling in the Limerick Region.  The programme is a joint venture between Connemara (25%) and Teck Ireland Ltd. ("Teck") (75%).

Drilling is ongoing on the Stonepark project with six rigs now on site.  Approximately 25 km of diamond drilling is planned for 2011. Results from the first few holes of 2011 are encouraging and have significantly increased the known size of the Stonepark hydrothermal system. Drill hole TC-2638-064, located 1km southwest of the Stonepark North zone, intersected low-grade zinc-lead mineralisation (assays pending) hosted in well-developed hydrothermal black matrix breccia. Drill holes TC-2638-065, 067 and 070, located 1km west, 1km southwest and 2km southwest respectively of the Stonepark North discovery hole (TC-2638-026), also intersected trace mineralisation in well-developed black matrix breccia.

An airborne gravity survey over the Monaster licence block was carried out by Bell Geospace in late January-early February. Data from the survey is currently being processed with results expected in early March. This survey will be used to guide step-out drilling in the coming months.

Tesla-IMC International limited has been contracted to complete a 25 line kilometers 2D seismic survey on the Monaster block. The survey is scheduled to begin in early April and will identify ore-controlling faults within the Stonepark-Stonepark North area.  On the adjacent Pallas Green project, Minco-Xstrata have recently announced a similar seismic program.  The aim of the survey is to find ore-controlling faults that may host thicker mineralisation.

A soil geochemical survey is also underway on the Monaster licence block. An orientation survey carried out last year showed that soil geochemistry could effectively detect the known mineralisation at Stonepark North.  Soil geochemistry results, combined with data from airborne gravity and seismic surveys, will be used in combination to guide drilling along a prospective trend southwest of Stonepark.

John Teeling, Chairman, commented:

"The 2011 exploration programme on Stonepark is now in full swing.  Six rigs are drilling what will be a total of 25 kilometres.  The recent airborne gravity survey will guide future drilling while the imminent seismic survey will help in the search for thicker mineralisation.  Results from wide spaced holes up to 2km away from Stonepark are very positive, discovering well  developed black matrix breccias,  - the target horizon containing low grade zinc mineralisation."

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 Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years experience in mineral and site investigation fields.

Enquiries:
Connemara Mining Company Plc
John Teeling, Chairman	[phone]
Jim Finn, Financial Director
Smith & Williamson Corporate Finance
Nick Reeve	[phone]
Barrie Newton	[phone]
Optiva Securities Ltd
Jason Robertson	[phone]
Jeremy King	[phone]
College Hill
Nick Elwes	[phone]

www.connemaramining.com

 

END

 

 

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