Business
Highlights of the Chairman's Statement from AGM
Highlights of the Chairman's Statement from AGM.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5206F Connemara Mining Company plc 28 July 2016 \n\n28th July 2016\n \n\n\n\n \nConnemara Mining Company plc (\"Connemara\")\n \nHighlights of the Chairman's Statement to the AGM of \nConnemara Mining Plc held In Dublin at 10am July 28th 2016\n \n \nØ The gold price at €1,300 plus an ounce and a zinc price of $2,200 plus a tonne have recovered significantly and offer profitable exploration opportunities.\nØ Connemara holds 32 gold and zinc licences in Ireland and has expressed interest in additional ground.\nØ The focus of activity is the Inishowen area where a gold drilling programme has recently concluded. Results of two holes were reported this week identifying a potential new gold system.\nØ Results for the remaining two holes will be available within weeks. It is very early days in the exploration campaign so caution is advised.\nØ Our second gold focus is the Hendricks joint venture on 5 licences in the Wicklow/Wexford area. We are hopeful that funds are forthcoming to drill two areas, Knocknaloor and Tombreen, where earlier drilling discovered high gold grades.\nØ The rising zinc price should encourage exploration on our two zinc joint ventures, Oldcastle in Meath and Stonepark in Limerick both operated by Teck Resources, a Canadian based mining multinational. The Irish subsidiary of Teck does not have a drilling budget for our ground though they are maintaining the licences in good standing.\nØ We have surrendered three zinc licences in the Tipperary area while expressing an interest in new ground.\n \nAll resolutions were duly passed at the meeting.\n \n \n\n\nThis announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.\n \n \n\n\n \nEnquiries:\n \n\n\n\n\nConnemara Mining Company Plc\n\n\n\n\n\n\n\nJohn Teeling, Chairman\n\n\n+353 1 833 2833\n\n\n\n\nJim Finn, Director\n\n\n\n\n\n\n\nNorthland Capital Partners Limited \n\n\n\n\n\n\n\nWilliam Vandyk/Gerry Beaney\n\n\n+44 (0) 20 3861 6625\n\n\n\n\nJohn Howes \n\n\n\n\n\n\n\nDowgate Capital Stockbrokers Limited\n\n\n\n\n\n\n\nJason Robertson\n\n\n+44 (0) 1293 517744\n\n\n\n\nBlytheweigh\n\n\n+44 (0) 20 7138 3204\n\n\n\n\nTim Blythe\n\n\n+44 (0) 7816 924 626\n\n\n\n\nCamilla Horsfall\n\n...