Gold prospecting licences awarded in Donegal to mining company

Gold prospecting licences awarded in Donegal to mining company
A mining company has been awarded ten prospecting licences to look for gold covering 413km² in the Stranorlar region of Donegal.

A mining company has been awarded ten prospecting licences to look for gold covering 413km² in the Stranorlar region of Donegal.

The licences, which cover gold, silver and base metals, have been awarded to Connemara Mining who have indicated their main exploration work will concentrate on seeking out gold. In a statement, the company said the Stranorlar region was selected by Connemara’s geologists following a detailed review of gold opportunities in Ireland.

“The Donegal ground was selected by Connemara’s geologists following a rigorous review of gold opportunities in Ireland. Historical records of the Donegal area show certain anomalies consistent with gold while the geology shares similarities with the major gold discoveries by Dalradian Resources and others in Tyrone, Northern Ireland.

“Significant support for our evaluation is contained in the recently released ‘Tellus Border’ data of the Geological Survey of Ireland highlighting gold opportunities in the border area. This showed extensive gold anomalies in the Donegal area.

“The indicators highlighted in the ‘Tellus Border’ survey will be added to our database to help in designing a work programme which will start with geophysical and geochemical sampling,” a statement on the company’s website added.

John Teeling, chairman, commented, “We are actively involved in the gold renaissance in Ireland. Our gold joint venture with Hendricks of Canada has identified high potential targets in the Wicklow/Wexford region. The positive results of exploration by Dalradian Resources, a Toronto company, indicate a multi-million ounce gold deposit in the Tyrone area.

“The geology of Donegal lies within the highly prospective Dalradian terrain which is also home to the Curraghinalt Gold Deposit in Northern Ireland and the Cononish Mine in Scotland. Traces of gold have been discovered in earlier exploration in Donegal. We were delighted that the Tellus data issued in recent days re-enforces our findings. This is early stage prospecting but the potential is good.”

“Historical records of the Donegal area show certain anomalies consistent with gold while the geology shares similarities with the major gold discoveries by Dalradian Resources and others in Tyrone, Northern Ireland”, it added.