Connemara Mining Company plc [CON] - Preliminary Results for the Year Ended
31 December 2011
19 June 2012
Connemara Mining
Company plc
(“Connemara” or the “Company”)
Preliminary Results for the
Year Ended 31 December 2011
Connemara Mining today announces its
Preliminary Results for the year ended 31 December 2011.
Explorations
Highlights:
• Stonepark zinc discovery in Limerick increased
• Joint
venture agreed on the Oldcastle block of licences
• Work programme designed
for Nenagh licences and joint venture partner being sought
Operational
Highlights
• Joint-venture partner – Teck – undertook substantial surveys and
drilling and discovered two layers of mineralised ore at Stonepark West
• Six
of the 10 Newcastle West blocks will come back to the company
Post Period
Highlights
• Farm-in agreement signed with Hendrick Resources for gold
exploration in Wicklow/Wexford
John Teeling, Chairman, said, “Connemara
has adequate funds for all proposed expenditure in the next year. Although
mining exploration is a long term high risk business, Connemara is well placed
in the most prospective country in the world in which to find zinc. The gold
exploration project is exciting. We have strong hopes that we will move to
drilling new areas in Wicklow/Wexford.”
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