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Connemara Mining pleased with latest results from Stonepark drilling
Irish gold and zinc exploration company Connemara Mining announced results from hole G11-2638-01 at the Stonepark Zinc Project on Monday, which was drilled into a key area of known high-grade mineralisation on the presumed eastern edge of the recently-announced maiden inferred mineral resource estimate.
The AIM-traded firm's joint venture partner, Group Eleven Resources, is the project operator.
It said the G11-2638-01 hole intersected 5.40m of 25.0% zinc and 7.2% lead, and 12.2 g/t silver, verifying one of the high-grade zones within the Stonepark resource.
Connemara said the "robust mineralisation" was interpreted to be open eastwards toward Glencore's neighbouring Pallasgreen deposit.
"We are very pleased with these grades from the first new hole at Stonepark since 2012 and with progress following on from the recent announcement of a maiden resource," said Connemara chief executive Patrick Cullen.
"The results underline the high grade nature of the deposit."
Cullen said the decision to drill inclined holes had yielded immediate results by giving better structural information.
"This has opened the deposit eastwards, presenting opportunity to increase the Resource towards Glencore's Pallasgreen deposit.
"The strategic value of the location of Stonepark should not be overlooked, it lies adjacent to Pallasgreen.
"These deposits are Ireland's two largest undeveloped zinc-lead Resources by metal contained."