Connemara Mining Company plc Highlights of Statements Made at the AGM (9122L)
July 24 2017 - 8:37AM
UK Regulatory
TIDMCON
RNS Number : 9122L
Connemara Mining Company plc
24 July 2017
24(th) July 2017
Connemara Mining Company plc ("Connemara")
Highlights of Statements Made at the AGM, Dublin 24(th) July
-- Connemara is a pure explorer focused on zinc and gold in
Ireland holding 35 prospecting licences
-- Current prices of zinc over $2,700 a tonne and gold over
$1,200 an ounce, makes Ireland an attractive place in which to
explore
-- There is a significant rise in investment in zinc exploration
in Ireland - particularly by Canadian junior explorers
-- Connemara is well placed to take advantage of this
renaissance with good ground and good joint ventures
-- The block of 5 zinc licences in Oldcastle, joint ventured
with Teck needs more drilling. Targets are deep. But the recent
significant zinc discovery at depth in the Tara mine at Navan some
30 km away offers encouragement
-- We are hopeful that developments will take place on the
Stonepark block of six licences, joint ventured with Teck, which
has had some excellent zinc discoveries in the recent past. More
drilling is required
-- We are completing a study on 5 new zinc licences, the
Derrykearn block, which we expect will highlight drill targets. We
will look to partners to explore the block
-- Connemara has 16 licences with potential for gold, eleven in
Donegal and 5 in Wicklow/Wexford
-- We have discovered gold in Donegal and have plans to drill
holes later in 2017 to follow the high grade veins found in
2016
-- In Wicklow/Wexford, where good drill targets have been
identified at Tombreen and Knocknalour, we are in discussions with
our joint venture partner, Hendrick Resources on how to proceed. It
is likely that Connemara will play a more active role in future
exploration
All resolutions before the meeting were passed.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
ENDS
Enquiries:
Connemara Mining Company
Plc
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Director
Gavin Berkenheger, +44 (0) 784 145
Director 5632
Northland Capital Partners
Limited
Matthew Johnson / Gerry +44 (0) 203 861
Beaney 6625
John Howes
Dowgate Capital Stockbrokers
Limited
+44 (0) 203 903
Jason Robertson 7725
+44 (0) 207 138
Blytheweigh 3204
+44 (0) 783 185
Nick Elwes 1855
+44 (0) 781 784
Camilla Horsfall 1793
Teneo PSG
Ciaran Flynn +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.connemaramining.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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