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Connemara Mining Company plc (LSE:CON) announced the first results from an ongoing prospecting program at its Inishowen gold licenses in Ireland. They are centered around the historic Glentogher lead-silver mine.
Connemara Mining Company plc (LSE:CON) announced the first results from an ongoing prospecting program at its Inishowen gold licenses in Ireland. They are centered around the historic Glentogher lead-silver mine.
As quoted in the press release:
Quartz vein boulders up to 45cm in diameter containing encouraging grade gold have been found in a one kilometre square area. Gold grades obtained include 15.35g/t, 15.7g/t, 6.99g/t, 4.52g/t, and 5.42g/t. Prospecting is ongoing over other target areas. It is expected that geophysics and additional sampling will be required to identify potential drill targets.
John Teeling, chairman of Connemara, commented:
These are encouraging results, though it must be stressed that this is an early step along a long road. The results support earlier work which identified gold traces in soil samples. We await results from analysing other samples but this outcome indicates the need for a more detailed programme to identify possible drill targets.
Click here to read the full Connemara Mining Company plc (LSE:CON) press release.
Connemara is a diversified exploration company with principal assets in gold, zinc and lead exploration licences in Ireland. The company holds interests in 35 licenses covering an area of approximately 1, 350 sq km.