Connemara Mining Company plc Oldcastle Drilling (2999O)

TIDMCON

RNS Number : 2999O

Connemara Mining Company plc

04 November 2016

4(th) November 2016

Connemara Mining Company plc ("Connemara")

Oldcastle Drilling

Connemara (AIM: CON) is pleased to announce that a drill rig has arrived on site to commence further testing of the Springhall target within the Oldcastle Block located on the Meath/Cavan border in Ireland. The tenure is prospective for zinc/lead. Our Joint Venture partner, Teck Ireland Ltd ("Teck"), has outlined structural, alteration and mineralization evidence which contribute to upgrading this target. The new drill hole, TC-1991-003, is targeted over 1km to the southwest of holes TC-1991-002 & TC-3926-002, which were drilled earlier this year and intersected altered and mineralized zones within the Upper Sandstone Unit. The Upper Sandstone Unit is an important host to the SWEX zone at Tara Mine in Navan, 20km to the SE.

The Oldcastle block of five licences is being explored by Teck in an option agreement with Connemara, under the Oldcastle Zinc Ltd vehicle. Teck has earned into a 51 per cent interest in the block by spending EUR550,000 and is increasing that towards 75 per cent by spending a further EUR800,000.

Connemara is an active exploration company with principal assets in gold, zinc and lead exploration licences in Ireland. The company holds interests in 34 licenses covering an area of approximately 1, 290 sq km.

This announcement has been reviewed and approved by Graham Reid (P.Geo) 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. Mr Reid is a Professional Member of The Institute of Geologists of Ireland (IGI) and The Society of Exploration Geophysicists (SEG) and has over 30 years' experience in mineral exploration and site investigation fields.

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

Enquiries:

 
 Connemara Mining Company 
  Plc 
 John Teeling, Chairman          [phone] 
 Jim Finn, Director 
 Northland Capital Partners 
  Limited 
 William Vandyk/Gerry            [phone] 
  Beaney                          6625 
 John Howes 
 Dowgate Capital Stockbrokers 
  Limited 
 Jason Robertson                 [phone] 
                                 [phone] 
 Blytheweigh                      3204 
                                 [phone] 
 Tim Blythe                       626 
                                 [phone] 
 Camilla Horsfall                 793 
                                 [phone] 
 Nick Elwes                       855 
 Rachael Brooks 
 PSG Plus 
 Colm Heatley                    [phone] 
 Alan Tyrrell                    [phone] 
 

www.connemaramining.com

This information is provided by RNS

The company news service from the London Stock Exchange

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November 04, 2016 03:00 ET (07:00 GMT)