News

January 20, 2010

Geological Evidence Is Mounting That Connemara Mining And Minco Are Sitting On One Of Europe’s Biggest Zinc Deposits

By Charles Wyatt

Until this week, there hadn’t been too much news from Connemara Mining since chairman John Teeling issued a drilling update last September. That announcement gave details of progress at the Stonepark project on the Monaster block, Co Limerick, where Teck Cominco is operator and has earned a 75 per cent interest. Stonepark is situated less than five kilometres west of the Caherconlish and Tobermalug zinc discoveries made by partners Minco and Xstrata on their Pallas Green project. In July last year Minco announced a JORC compliant resource estimate of 11.3 million tonnes grading 10.2% zinc and 1.9% lead at Tobermalug, and a fair amount of the excitement in Ireland about this has reflected on Connemara, as its discoveries at Stonepark and Stonepark North are on the same trend that extends from the Minco/Xstrata discoveries. More than that, the ore is similar to that present in the discovery holes at Pallas Green.

John is no mug when it comes to promotion, so he probably did not rush into the latest announcement, released on 19th January, figuring that he’d allow markets time to settle down again after the Christmas and New Year holidays. But it was an announcement worth waiting for, as the latest drilling from another drill-hole on the Stonepark North zone has intersected yet more high grade zinc-lead ore. Moreover a second step-out hole has hit the same mineralisation, though not quite at such a high...