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Connemara Mining Resumes Drilling At Mine River Gold Project

28th Mar 2018 10:33

LONDON (Alliance News) - Connemara Mining Co PLC said on Wednesday that it re-commenced drilling at its Mine River Gold project in the counties of Wicklow and Wexford in southeast Ireland.

The Irish gold and zinc exploration company said that the block currently comprises eleven contiguous prospecting licences with a total area of about 475 square kilometres. The company drilled 1,000 metres on ten holes for sampling and mapping.

The Mine River project's focus 15 kilometre long target has been identified by geochemical surveys across the block, indicating significant strata-bound gold mineralisation associated with the contacts between Ordovician volcanic rocks and metasedimentary rocks.

"We are pleased to report drilling has re-commenced at our Mine River Gold project. We had very encouraging results at the Tombreen Prospect and are looking to build on that. Tombreen and Knocknalour lie along the significant 15 kilometre target trend we have identified at mine River. With this drilling we want to confirm high-grade gold mineralisation while expanding strike-length. We look forward to the results," Chief Executive Officer Patrick Cullen said.

Shares in Connemara Mining were trading 7.0% higher at 3.80 pence per share on Wednesday.


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