Business
Gold Drilling to Commence at Mine River
Gold Drilling to Commence at Mine River.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7073W Connemara Mining Company plc 16 November 2017 \n\n16th November 2017\n \nConnemara Mining Company plc (\"Connemara\")\n \nGold Drilling to Commence at Mine River in Wicklow and Wexford\n \n\n\n\nConnemara (AIM: CON) is pleased to announce that permitting and access permissions have been completed at a number of locations at its 100% owned Mine River gold project. Drilling will commence on 22nd November 2017. 500 metres of core drilling is planned at two key locations.\n \nJohn Teeling, Chairman, stated \"We have been busy in the field these past few months and, as planned, our activities for the remainder of 2017 now shift to the Mine River Block in Wicklow and Wexford. Members of our Board have been active in the area in the past and we know there is gold in the area based on past drilling. What is very exciting is to be the first company to drill at Gibbet Hill, which we hope will confirm the extent of a trend identified by Connemara. Also, at the Tom Breen target, our geologists now believe that some historic drilling most likely stopped in mineralisation. There is a 15 kilometre-long trend to be explored in the Block, we are looking forward to developing this project going forward.\"\n \nThe Mine River project is located in Wicklow and Wexford in the south-east of Ireland. It is comprised of 17 licences, formed by the acquisition of twelve Hendrick Resources licences in mid-November added to Connemara's existing five licences.\n \nHistoric drilling has proven gold mineralisation in bedrock. Five holes were drilled at Tom Breen with results including: 50cm grading at 21.28g/t gold (Au) from 70.7m (2558-3). Six holes were drilled at Knocknalour with results including: 40cm grading at 19.9g/t Au from 96.0m (2554-2) and 30cm grading at 10.45g/t Au from 88.5m (2554-3). A new target at Gibbet Hill has been identified 2.5 kilometres further south along trend where favourable geological observations have been made and a grab sample from a road cutting returned an in-situ grade of 7.37g/t Au.\n \nA 15 kilometre long target has been identified by geochemical surveys in streams and soils completed across the Block, indicating significant strata-bound gold mineralisation associated with the contacts between Ordovician volcani...