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New Gold System Identified in Inishowen Drilling
New Gold System Identified in Inishowen Drilling.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2900F Connemara Mining Company plc 27 July 2016 \n\n \n27th July 2016\n\n\n\n \nConnemara Mining Company plc (\"Connemara\")\nNew Gold System Identified in Inishowen Drilling\n \nConnemara Mining (AIM: CON) is pleased to report results from the first two drill holes in a four hole programme on our licences in Donegal. This is the second drilling campaign conducted in the area.\n \nThe first two holes have encountered what is believed to be a new gold system in a Green Bed environment contained within quartz calcite veins, shears and an altered unit. This type of geology is known to host very large deposits in other parts of the world.\n \nTable 1: results of first two drill holes of phase 2 drilling at Inishowen, Co. Donegal\n\n\n\n\nHole\n\n\nFrom (m)\n\n\nTo (m)\n\n\nWidth (m)\n\n\nGold grade (g/t)\n\n\n\n\n16-MR-04\n\n\n69.8\n\n\n70.3\n\n\n0.50\n\n\n0.17\n\n\n\n\n16-MR-04\n\n\n133.26\n\n\n134.03\n\n\n0.77\n\n\n0.16\n\n\n\n\n16-MR-05\n\n\n32.75\n\n\n33.75\n\n\n1.00\n\n\n2.48\n\n\n\n\n16-MR-05\n\n\n37.07\n\n\n37.5\n\n\n0.43\n\n\n0.67\n\n\n\n\n16-MR-05\n\n\n112.06\n\n\n112.42\n\n\n0.36\n\n\n0.23\n\n\n\n\n16-MR-05\n\n\n134.49\n\n\n135.44\n\n\n0.95\n\n\n0.17\n\n\n\n\n16-MR-05\n\n\n147.29\n\n\n148.32\n\n\n1.03\n\n\n0.33\n\n\n\n\n16-MR-05\n\n\n155.5\n\n\n156.05\n\n\n0.55\n\n\n1.37\n\n\n\n\n16-MR-05\n\n\n158.2\n\n\n161.18\n\n\n2.98\n\n\n0.27\n\n\n\n\n16-MR-05\n\n\n167.2\n\n\n167.48\n\n\n0.28\n\n\n0.88\n\n\n\n\n \n \nA 1m section in hole 16-MR-05 contained an average grade of 2.48g/t Au with a 33cm quartz vein at 6.85g/t Au. A 2.98m section at 0.27g/t Au contained multiple quartz calcite veins within sheared, fractured pelite. Another group of quartz calcite veins over 0.55m ran 1.37g/t Au. An altered unit within the semipelite contained a grade of 1.03m at 0.33g/t Au. The mineralisation is still not well understood but these results in this particular geological environment are extremely encouraging with potential for additional mineralisation along strike and at depth. Each hole was located 100m apart. So far the presence of sphalerite in quartz veins has been a good indicator of gold. The second batch of results is expected shortly. \n \nJohn Teeling, Chairman, commented \"A significant and exciting indication...