Business
Mine River Exploration Update
Mine River Exploration Update.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4689S Connemara Mining Company plc 25 June 2018 \n\n25th June 2018\n \nConnemara Mining Company plc\n \n(\"Connemara\" or the \"Company\")\n\n\n\n \nMine River Exploration Update\n \nConnemara Mining Company plc (LON: CON), the Irish gold and zinc exploration company, is pleased to provide an update for their 100% owned Mine River Gold Project (\"Mine River\"). A total of 614 metres of drilling was undertaken to determine the presence and geometry of mineralised zones at two target areas along a 15km gold trend identified by Connemara geologists in counties Wicklow and Wexford, Ireland. \n \nHighlights:\n· A new mineralised zone over a 50 metre strike length was identified at Tombreen\n· Hole 18-TB-03 returned multiple gold (Au) mineralised intercepts including: 4m grading at 1.47g/t Au from 30m, 1m grading at 1.56g/t Au from 78m, 1m grading at 1.23g/t Au from 98m and a combined zone of 14.5m grading at 0.49g/t Au from 25.5m; \n· Hole 18-TB-04 intercepted 2m grading at 1.99g/t Au from 41m (including 1m at 2.95g/t Au);\n \nPatrick Cullen, Chief Executive Officer of Connemara, commented: \"We have continued from hole 17-TB-01 at Tombreen, announced earlier, which intercepted 8m at 4.53 g/t gold, including 2m grading 16.1 g/t and we have identified a new mineralised zone over a 50m strike length plus a third deeper mineralised zone. We are moving closer to understanding the geometry of these structures. \n \n\"The next step is to study the drill core and the gold mineralisation under the microscope and analyse the detailed rock structures. This work will be key to unlocking the mechanisms controlling gold mineralisation at Mine River. This should enable us to better target more high-grade zones.\"\n \nFurther details\nGold at Tombreen is associated with mildly oxidised heavily folded dark shales containing quartz boudins and minor sulphide. The quartz boudins, often described as dark quartz or blue quartz containing significant sulphide at times in the form of pyrite predominantly, do not always contain gold when analysed. The presence of gold in and around the volcanic tuffs 17-TB-01 but not in the same zone when intercepted in 18-TB-03 and 18-TB-04 as well as the occ...