Business
Further Drilling at Stonepark Zinc Project
Further Drilling at Stonepark Zinc Project.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0592F Connemara Mining Company plc 24 October 2018 \n\n24 October 2018\n \nConnemara Mining Company plc\n \n(\"Connemara\" or the \"Company\")\n \nFurther Drilling at Stonepark Zinc Project\n \nConnemara Mining Company plc (LON:CON), the Irish gold and zinc exploration and development company, is pleased to announce that further drilling is underway at the Stonepark Zinc Project, located in Limerick, Ireland, which is being undertaken by our joint venture partner Group Eleven Resources Corp. (\"Group Eleven\"). \n \nHighlights\n \n- 1,500 to 2,000 metres planned in this phase \n- Drill collars are located outside of the established Maiden Mineral Resource Estimate\n- Aim is to provide improved geological information prior to expanded 2019 drill program \n \nPatrick Cullen, Chief Executive Officer of Connemara, commented, \"We are very pleased to see the rig turning at Stonepark once again. We have reviewed the targeting strategies proposed by Group Eleven and are supportive of their 'Big Think' approach as it applies to the Limerick Basin. \n \n\"Connemara has already contributed to its share of the costs for the 2018 exploration programme, including ground-based geophysics at various targets across the block, the earlier drilling on hole G11-2638-01 which revealed spectacular grades of 32.2% combined zinc and lead, as well as the budget for this proposed programme. We are looking forward to progress over the coming months.\"\n \nStonepark Zinc Project\nThe Stonepark Zinc Project is a joint venture between Connemara (23.44% interest) and Group Eleven (76.56% interest). The NI43-101 independent report on Stonepark has been uploaded to SEDAR by partner Group Eleven and a copy of this report is available on the Connemara website.\n \nThe report defines a maiden Inferred Mineral Resource at Stonepark, totalling 5.1 million tonnes at 11.3% zinc and lead combined (8.7% Zn and 2.6% Pb), occurring at depths from 190m to 395m below surface.\n \nGlencore's nearby Pallas Green deposit contains 44.2 million tonnes at 8.4% zinc and lead combined (7.2% Zn and 1.2% Pb) in the Inferred Category (source: Glencore Resources & Reserves, 31 December 2017), occurring at depths from 300m...