Glencar Mining PLC
18 July 2000
GLENCAR MINING PLC ('Glencar')
Glencar begins exploration drilling
Glencar is pleased to announce the commencement of a drilling programme on its
Kildare prospecting licences. The first hole, currently underway, is a
shallow, angled hole designed to confirm and refine our geological and
structural interpretation. This hole will take approximately 3 weeks to
complete and evaluate, following which we expect to commence the first deep
hole to be drilled on the property with a target depth of approximately 600
The drill target is a significant anomaly, both geochemical and geophysical,
in a geological and structural setting similar to that hosting the Galmoy and
Lisheen zinc mines of Arcon International and Anglo/Ivernia West respectively.
Shallow reconnaissance drilling carried out on the property last year
encountered pervasive zinc mineralisation in dolomitised limestones.
Drilling to increase the ore reserve at Wassa in Ghana is expected to commence
in early August of this year. It is anticipated that this drilling programme
will result in an initial increase of some 190,000 ounces to the Proven and
Probable Reserve at Wassa before the end of 2000.
Contact: Hugh McCullough + 00 353 (0) 1 661 9974
or Philip O'Quigley