An Irish mining company say they have located “significant grades” of gold in the hills of Inishowen.
Connemara Mining say initial drill results have confirmed the presence of significant grades of gold in a multi-vein system within the Dalradian rocks of Inishowen. The setting is believed to be mesothermal, similar to that at Curraghinalt, County Tyrone where a multi-million ounce gold deposit has been reported.
It is proposed that additional drilling be conducted to determine how many veins are present and gain a clearer understanding of the grade. Four drill holes positioned perpendicular to the vein strike should be completed within a 300 by 300 metre defined area to intercept all known veins. Step out drilling is planned to be conducted to the east and west with possible holes to the north and south. The first 4 drill holes would equate to 830m drilling with the step out drilling adding an additional 830m.
John Teeling, Chairman, commented “The drill results reported today though early stage are promising. Multiple gold bearing veins have been intersected with one stretching over 3 metres at a gold grade of 5.8 grams per tonne.