26th Jun 2015 07:33
LONDON (Alliance News) - Connemara Mining Company PLC said that initial results from its first phase of prospecting at its newly acquired Inishowen Block in Donegal, Ireland, identify a clear target area for more detailed investigations.
Quartz vein material measuring nearly half a metre wide with gold values over 15 grams per tonne have been traced to a possible nearby source area, the company said.
It will now undertake a tightly spaced soil sampling programme to further refine the target, followed by an initial trenching programme and later drilling programme "if justified".
Shares in Connemara are trading up 1.8% at 1.40 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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