Connemara new drill programme underway at Oldcastle Zinc project
Source - SMW
Irish gold and zinc explorer and developer Connemara said Wednesday a new drill programme was underway at the Oldcastle Zinc Project, located in counties Cavan and Meath, Ireland.
The company said the programme would aim for 1,800 metres of drilling over two to three holes, targeting Pale Beds as possible Navan analogue.
The costs of the new drill programme would be carried by joint venture partner and operator Teck Ireland, which has the option to increase its interest from 65% to 75% of the project.
Recent work completed by Teck had indicated the presence of a hydrothermal system and basin bounding fault, Connemara said.
'The target is compelling, focussed on the Pale Beds within an interpreted fault system that Teck consider may present a Navan analogue. We look forward to results over the coming months,' said Patrick Cullen, Chief Executive Officer of Connemara.
At 9:54am: (LON:CON) Connemara Mining Company PLC share price was +0.05p at 2.93p