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Connemara Mining Company plc

19 October 2017

19(th) October 2017

Connemara Mining Company plc

("Connemara")

Acquisition Increases Wicklow Gold Target Strike Length

Connemara (AIM: CON) is pleased to announce the acquisition of 100% of Hendrick Resources (Ireland) Limited ("HRI"). Connemara has acquired 100% control of twelve (12) existing HRI prospecting licences in Ireland for a royalty agreement comprising a 2 per cent. Net Smelter Return on future production. In addition, the five (5) Connemara prospecting licences in joint venture with HRI have been returned to Connemara. Though the primary focus is gold, lithium pegmatite targets are being developed adjacent to the western margin of the block and Connemara is reviewing potential targets within the expanded block.

John Teeling, Chairman, stated "We are pleased to acquire HRI, a company created by the late Dale Hendrick, a legendary figure in gold exploration. All 17 licences acquired are focused on the gold in the Wicklow/Wexford area. The acquisition has increased the strike length of the primary gold target in Wicklow from around 5kms to 15kms. Connemara has already established drill and trenching targets for late 2017/early 2018 and is planning an expanded programme along the trend. Prospecting has identified lithium bearing pegmatites adjacent to the western margin of the block. We are excited to be busy in this jurisdiction at this time, as activities on exploration and mining projects are increasing across the island of Ireland. Connemara has two other key areas of activity in Ireland including the development of gold targets in the Inishowen block in Donegal and progressing our substantial zinc assets elsewhere in Ireland."

Mine River Gold Project in Wicklow

From the Wicklow Gold Rush of 1795 to the present day, gold has and is being discovered in the streams and soils in Wicklow and Wexford. It is estimated that 7,000 to 9,000 oz of gold were extracted from alluvial gravels in the area of Mines River. Modern geochemical surveys in streams and soils completed on the block indicate significant strata-bound gold mineralisation associated with the contacts between Ordovician volcanics and metasediments. The principal trend follows the Caledonian northeast - southwest trend. The airborne geophysical survey flown by HRI in 2012 (combined with the Tara Exploration survey in 2000) has facilitated the development of a more robust structural model that puts the significant gold occurrences found to date into context. Drilling has confirmed mineralisation at a number of targets, including Tombreen and Knockalour. Connemara's geologists have extensive experience in the area. A summary of the location maps and technical data is available online at www.connemaramc.com

Information on Connemara Mining

Connemara is a diversified exploration company with principal assets in gold and zinc exploration licences across Ireland. Connemara now holds interests in a total of 47 licences, including joint ventures with Teck at the Oldcastle Zinc Project and with Group Eleven Resources at the Stonepark Zinc Project.

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

ENDS

Enquiries:

 
 Connemara Mining Company 
  Plc 
 John Teeling, Chairman        +353 (0) 1 833 2833 
 Jim Finn, Director 
                               +353 (0) 87 272 
                                1748 
                                +44 (0) 7552 378 
 Patrick Cullen, CEO            208 
 Northland Capital Partners 
  Limited 
 Matthew Johnson / Gerry       +44 (0) 203 861 
  Beaney                        6625 
 John Howes 
                               +44 (0) 207 138 
 Blytheweigh                    3204 
                               +44 (0) 783 185 
 Nick Elwes                     1855 
                               +44 (0) 781 784 
 Camilla Horsfall               1793 
 Teneo PSG 
 Luke Hogg                     +353 (0) 1 661 4055 
 Alan Tyrrell                  +353 (0) 1 661 4055 
 

www.connemaramc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2017 02:00 ET (06:00 GMT)