Connemara Mining Company PLC

Published : September 09th, 2011

RNS - Exploration Update

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Keywords :   Lead | Zinc |

 

New Zinc Discovery at Stonepark in Limerick

 

?         New zone of high grade mineralization intersected at Stonepark West; 1.7km southwest of the Stonepark North zone

?         Hole 86 intersects 2.5m at 4.16% zinc and 4.37% lead from 382.5m

?         Additional drilling at Stonepark North has extended the mineralization 250m to the North with hole 78 intersecting 1m @ 5.97% zinc and 0.24% lead from 339.8m

?         Step out drilling has also intersected hydrothermal breccias extending 2km Southwest of the new Stonepark West discovery

?         25,000 metre drilling program for 2011 is ongoing with four drill rigs on site

 

The board of Connemara Mining Company Plc (?Connemara?, AIM:CON) is pleased to present an exploration update on our zinc-lead discovery in Limerick. The programme is a joint venture between Connemara (25%) and Teck Ireland Ltd. (?Teck?) (75%).

 

Hole 86, located 1.7km southwest of the Stonepark North zinc discovery, intersected high grade zinc and lead mineralisation of 2.5m of 4.16% zinc and 4.37% lead beginning at a depth of 382.5 metres (see Table 1 for results). We are calling this new discovery ?Stonepark West?. The mineralisation is hosted in a geological setting similar to that of Stonepark North.

 

In addition, hole 64, located 580 metres east of the new discovery, between Stonepark North and Stonepark West, has intersected 3.1m of 1.92% zinc and 0.56% lead at a depth of 273 metres with further zinc-lead mineralisation discovered at 288 metres. Drilling 1.5km to the west of the new discovery has also intersected hydrothermal breccias similar to those in Stonepark West. This drilling was targeted using the results of the soil geochemistry survey conducted in the area earlier in the year.

 

The Stonepark West discovery is significant in that it is likely to be a totally new zone of zinc-lead to add to that at Stonepark and Stonepark North. The similarity in the geology between Stonepark West and the Stonepark zones suggests that the area between them could contain additional zinc-lead zones while the mineralisation found 1.5km west of Stonepark West offers the potential for further extensions.

 

 

 

At Stonepark North, drilling has intersected 1m of 5.97% zinc and 0.24% lead in hole 78, 250m north of hole 74, which intersected 8.65m comprising 7.72% zinc and 2.19% lead from 220m. This mineralization forms part of the lower zone of zinc-lead and is at the same stratigraphic level as the mineralization at Stonepark some 1.7km away.

 

Table 1: Stonepark Drilling Highlights

Hole ID

From (m)

To (m)

Thickness1 (m)

zinc (%)

lead (%)

TC-2638-086

382.5

385

2.5

4.16

4.37

Including:

383.9

385

1.1

6.13

4.63

TC-2638-078

339.8

340.8

1

5.97

0.24

TC-2638-0742

220.00

228.65

8.65

7.72

2.19

 

Including:

 

 

 

 

TC-2638-0742

224.45

227.3

2.85

17.41

3.98

TC-2638-0642

273.00

276.10

3.10

1.92

0.56

TC-2638-0642

288.00

290.00

2.00

1.09

0.01

TC-2638-0712

260.30

262.00

1.70

3.01

0.09

1All drill holes are vertical (-90 degrees). 2Reported 25th May 2011.

 

John Teeling, Chairman, commented:

 

?These are very positive and significant results. The discovery at Stonepark West appears to be a new zone, typical of Irish zinc orebodies. That in itself is significant, but the results in other holes to the east (hole 64), between Stonepark North and Stonepark West, and 1.5km to the west also contain mineralisation. There is now evidence to indicate that more zones of zinc-lead will be discovered in what is becoming a large area of zinc-lead mineralisation. Step out drilling continues.

 

Meanwhile, at the earlier discovery in Stonepark North, drilling 250m to the north of the recently announced (May 25th) high grade discovery of over 9.90% combined zinc and lead over 8.65 metres found 6.2% combined zinc-lead at 339.8 metres. This is very significant as this discovery is at the same depth as the earlier Stonepark discoveries some 1.7km away from Stonepark North. This also strengthens the possibility of the Stonepark discovery stretching to Stonepark North at a greater depth and could result in there being two zones in the Stonepark North area.

 

The potential of the Monaster block of licences is growing. Every drill hole is extending the area of mineralisation. This is a very big system with potential open in most directions. We continue to use four rigs and will have drilled 25,000 metres by year end.?

 

 

 

Connemara Mining Company PLC

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Connemara Mining is a zinc exploration company based in Ireland.

Its main exploration property is STONEPARK (LIMERICK) in Ireland.

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Annual reports of Connemara Mining Company PLC
Annual Report and Accounts
Financings of Connemara Mining Company PLC
2/25/2011Placing of New Shares
Project news of Connemara Mining Company PLC
12/11/2012Exploration Update on Wicklow/Wexford Gold Zones of Gold Enr...
9/19/2012[CON] - Oldcastle Block Exploration Update
7/5/2012[CON] - Drilling on Thurles Block Completed
6/1/2012[CON] - Drilling on Thurles Block
4/2/2012RNS - Mine River Block Airborne Magnetics Survey
2/2/2012RNS CON - Joint Venture on Gold Licences in Wicklow/Wexford,...
9/9/2011(Stonepark (limerick))RNS - Exploration Update
2/24/2011Drilling Begins on Thurles Block
6/21/2010High Grade Zinc-Lead Mineralisation Intersected 400m to the ...
3/2/2010RNS CON 020310 Drilling results Stonepark February Update
1/20/2010RNS CON 200110 Drilling Results Stonepark Limerick
Corporate news of Connemara Mining Company PLC
7/29/2016Highlights of the Chairman's Statement from AGM
7/28/2016New Gold System Identified in Inishowen Drilling
6/29/2016Final Results for the Year Ended 31 December 2015
5/31/2016Drilling In Inishowen, Donegal
5/28/2016Holding(s) in Company
5/24/2016Inishowen Second Phase Drill Programme Begins
5/18/2016Fundraising to Finance Donegal Gold Drilling
12/16/2014Appointment of Director
11/28/2014Oldcastle Exploration Update
11/12/2014Drilling Starts on Oldcastle Block
6/25/2013Preliminary Results for the Year Ended 31 December 2012 Conn...
5/10/2013CON RNS - Connemara Mining plc - High Court Ruling
4/24/2013Holding(s) in Company
4/22/2013Co PLC - Fundraising and Issue of Equity
10/15/2012Company Focus October 2012
9/24/2012[CON] - Interim Statement for the period ended 30 June 2012
7/24/2012[CON] - Positive Results from Wicklow Gold Survey
7/20/2012[CON] - Agreement Signed on Oldcastle Block of Licences in M...
6/19/2012[CON] - Preliminary Results for the Year Ended 31 December 2...
5/16/2012RNS - Airborne Survey Targeting Gold Deposits Completed
1/6/2012Fact Sheet
12/20/2011RNS - Stonepark Update
12/14/2011Alert* "Connemara Mining's potential being overlooked by the...
9/22/2011RNS - 2011 Interim Report
7/28/2011RNS - Result of AGM
6/28/2011RNS - Change of Adviser
3/8/2011Buy Note
7/30/2010Research Note.
11/27/2009Closeology pays off for Connemara Mining
9/23/2009RNS CON 230909 Interim Results
8/14/2009hoping for a take out - The Phoenix 14 August 2009
7/8/2009RNS 080709 AGM Highlights of the Chairman's Statement
6/10/2009Preliminary Results for YE 31 December 2008
11/11/2008Significant Additional Zinc and Lead Mineralisation at Stone...
9/26/2008Interim Results for the Six Months Ended 30th June 2008
7/2/2008AGM: Highlights of the Chairman's Statement
6/5/2008Final Results for Year Ended 31 December 07
6/4/2008Drilling Update from Limerick Zinc Discovery
5/28/2008RNS: Significant Zinc & Lead Mineralisation Discovered in Lo...
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