Connemara Mining Releases Results of Trenching Program

Connemara Mining plc (LSE:CON) announced the results of a trenching program completed at its Inishowen gold licenses. Trenching was done on high-grade gold soil samples obtained this summer, and the program was aimed at “identify[ing] a subsurface source of the anomalous quartz rock found scattered in the surrounding fields.”

As quoted in the press release:

Channel sampling of the exposed bedrock obtained good grades indicating 0.80m at 7.95g/t Gold and 1.1m at 1.78g/t Gold. This includes a 12cm vein at 30.1g/t, 10cm at 16.85g/t and 10cm at 10.45g/t Gold.

The veins were narrow, averaging 10 to 12cm wide; however such veins have been known to swell. Judging by the size of gold bearing boulders removed from the foundations of a nearby building it is possible that they could swell to as much as 80cm. In this geological environment it is normal that veins do not occur by themselves so multiple veins are expected to be found over the course of further exploration.

The next steps involve detailed mapping and prospecting over a 4-6 sq km area, expanding the soil sampling to see how far this gold anomaly extends and conducting further trenching. A shallow drill hole programme is being considered to generate information on dip and strike direction. The whole programme will commence in early 2016.

John Teeling, chairman of Connemara, commented:

This is a very good result. It is rare to find high grade gold. Now we need to find out how big is the area containing the gold. We need more information on the extent of these veins as well as tracing their width. Based on boulders in the area we are confident that at least one vein will swell. The next phase will begin early in 2016

Click here to read the full Connemara Mining plc (LSE:CON) press release.