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The company said the drill hole, which is, located 1.5km northwest of an earlier discovery at Stonepark could represent a new and potentially higher-grade mineralisation zone.
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The drilling programme is being operated by Teck Ireland, a subsidiary of Canadian mining company Teck Resources. Connemara Mining is funding 25% of the drilling programme.
John Teeling, chairman of Connemara Mining, said, “This is a very positive result. The discovery has almost everything one would want – high grade, the right type of mineralisation, shallow depth and is located a good distance from the earlier discovery”.
