Ten Prospecting Licences Awarded in Ireland

RNS Number : 0522S

Connemara Mining Company plc

04 November 2013

 



4 November 2013

Connemara Mining Co PLC

("Connemara" or the "Company")

Ten Prospecting Licences Awarded in Ireland

The board of Connemara Mining Company plc ("Connemara") (AIM: CON), today announces that it has been awarded 10 prospecting licences covering 413km² in the Stranorlar region of Donegal, Ireland.  The licences cover gold, silver and base metals.  The focus of Connemara's exploration will be gold.

The Donegal ground was selected by Connemara's geologists following a rigorous review of gold opportunities in Ireland.  Historical records of the Donegal area show certain anomalies consistent with gold while the geology shares similarities with the major gold discoveries by Dalradian Resources and others in Tyrone, Northern Ireland.

Significant support for our evaluation is contained in the recently released 'Tellus Border' data of the Geological Survey of Ireland highlighting gold opportunities in the border area.  This showed extensive gold anomalies in the Donegal area.

The indicators highlighted in the 'Tellus Border' survey will be added to our database to help in designing a work programme which will start with geophysical and geochemical sampling.

John Teeling, chairman, commented, "We are actively involved in the gold renaissance in Ireland.  Our gold joint venture with Hendricks of Canada has identified high potential targets in the Wicklow/Wexford region.  The positive results of exploration by Dalradian Resources, a Toronto company, indicate a multi-million ounce gold deposit in the Tyrone area.

"The geology of Donegal lies within the highly prospective Dalradian terrane which is also home to the Curraghinalt Gold Deposit in Northern Ireland and the Cononish Mine in Scotland.  Traces of gold have been discovered in earlier exploration in Donegal.  We were delighted that the Tellus data issued in recent days re-enforces our findings.  This is early stage prospecting but the potential is good."

Enquiries:

Connemara Mining Company Plc

John Teeling, Chairman                                                                                           [phone]

Jim Finn, Director

Blythe Weigh Communications                                                                             [phone]

Tim Blythe                                                                                                                       [phone]

Halimah Hussain                                                                                                            [phone]

Camilla Horsfall                                                                                                              [phone]       

Westhouse Securities Limited

Richard Baty                                                                                                                      [phone]

David Coaten

Pembroke Communications

Alan Tyrrell                                                                                                                           [phone]

Natalie Tennyson                                                                                           

www.connemaramining.com

 

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