🕐15.12.10 - 08:27 Uhr
Connemara Mining RNS: Stonepark Update
15th December 2010
Stonepark Update
* Extended mineralisation discovered in the lower zone of
Stonepark North
* Regional drilling intersects mineralisation 10km from
Stonepark
* Drilling ongoing on 160sqkm block of 16 licences in Limerick
The board of Connemara Mining Company plc ("Connemara" or "the Company")
(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 at Stonepark North has defined upper and lower zones of
zinc-lead mineralisation at approximately 210 meters and 310 meters
depth respectively.
The majority of high-grade mineralisation
discovered to date is in the upper zone.
Recent drilling tested the
lower zone.
Hole TC-2638-60, drilled 100 metres to the west and 200m
northwest of earlier holes, had the following results.
Hole
>From (m)
To (m)
Width (m)
Zinc %
Lead %
TC-2638-60
292.70
315.15
22.45
1.24
0.07
Including:
310.85
312.25
1.4
8.05
0.17
The extension of zinc-lead mineralisation broadens the scope of the
zone.
Step out drilling is ongoing.
Ten kilometres to the southeast of Stonepark, hole TC-450-009,
intersected a 30 meters breccia zone containing 2.9m of 0.95% Zinc and
0.02% Lead.
Visual inspection suggests this zone is very similar to the
zones peripheral to Stonepark.
Exploration is ongoing over 16 licences (160sqkm block) in the Limerick
region.
The focus of work in the last half of 2010 has been to maintain
the licences adjacent to our Stonepark discovery, and to explore the
outer limits of Stonepark.
Nine holes have been drilled on blocks up to 40 kilometres away from
Stonepark in the Newcastlewest area.
To date, no significant
mineralisation has been found.
Two rigs are drilling in the area.
John Teeling, Chairman, commented, "The Limerick area continues to grow
in significance as a potential zinc province.
The size, shape and grade
of the Stonepark discovery is not yet known so it is important to
maintain all of our licences in good standing to allow for an expansion
of existing and / or new finds.
The work is ongoing.
One of the holes
drilled 10km from Stonepark discovered low grade zinc and lead in a
similar setting to the areas surrounding Stonepark.
This opens up a
whole new area."
On Stonepark itself, drilling is continuing to test the belief that
there are two levels of zinc and lead mineralisation.
Hole TC-2638-60
intersected a wide zone at the lower target area including some good
zinc grades.
Plans are now underway for the 2011 drilling programme, which will see
up to 4 or 5 rigs drilling upwards of 50 holes in the Stonepark area.
This announcement has been reviewed and approved by the Companys
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
+353 (0)1 833 2833
Jim Finn, Financial Director
Smith & Williamson Corporate Finance
Nick Reeve
+44 (0) 117 3762213
Barrie Newton
+44 (0) 117 3762213
College Hill
Nick Elwes
+44 (0) 207 457 2020
www.connemaramining.com
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