Business
Results of Two Exploration Holes
Results of Two Exploration Holes.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0631Q Connemara Mining Company plc 25 February 2016 \n\n \n25th February 2016\n\n\n\n \nConnemara Mining Company plc (\"Connemara\")\nResults of Two Exploration Holes Drilled at Oldcastle\n \nThe directors of Connemara Mining (AIM: CON) are pleased to announce the results of two diamond drill holes targeting zinc that were drilled on the Oldcastle block of licences in the Irish Midlands by Teck Ireland Ltd. (\"Teck\"). The Oldcastle block of five licences is under option to Teck, operators of the exploration program, who have earned a 51% interest in the licences by spending €550,000 and can increase to 75% by spending a further €800.000.\n \nHole TC3926-002 intercepted zones of sulphides peaking at 1.31 metres grading 3.71% combined lead/zinc.\n \nSome intervals include:\n \n\n\n\n\nHole No.\n\n\nFrom (m)\n\n\nTo (m)\n\n\nInterval (m)\n\n\nZinc (%)\n\n\nLead (%)\n\n\n\n\nTC3926-002\nwhich includes\nand which includes\n\n\n655.40\n655.40\n661.86\n\n\n669.02\n664.25\n663.17\n\n\n13.62\n8.85\n1.31\n\n\n0.41\n0.59\n2.72\n\n\n0.14\n0.21\n0.99\n\n\n\n\n \nThe 14.3m zone lies within a 92.45m (612.95 - 705.4m) zone of weakly elevated zinc and lead concentrations. This mineralised zone is hosted by the Upper Sandstone Unit. The Upper Sandstone is an important host to the SWEX zone at the Tara mine in Navan some 20 km to the East.\n \nHole TC1991-002 contains minor sulphides.\n \n\n\n\n\nHole No.\n\n\nFrom (m)\n\n\nTo (m)\n\n\nInterval (m)\n\n\nZinc (%)\n\n\nLead (%)\n\n\n\n\nTC1991-002\n\n\n675.30\n\n\n675.80\n\n\n0.50\n\n\n0.15\n\n\n0.00\n\n\n\n\nTC1921-002\n\n\n740.95\n\n\n751.95\n\n\n11.0\n\n\n0.16\n\n\n0.01\n\n\n\n\n \nJohn Teeling, Chairman, commented, \"The Oldcastle block of 5 licences was identified by Connemara as having characteristics similar to those of the giant Navan zinc/lead mine to the east. The two exploration holes recently drilled support this proposition. While the lead/zinc mineralisation is far from commercial, it is there and the 92.45 metres of an elevated sulphide zone is tantalising. These initial results are encouraging and more drilling is warranted.\"\n\n \n\n \nConnemara is a diversified exploration company with principal assets in base metal zinc/lead exploration licenses as well as shea...