Connemara finds possible gold source in Donegal

26th Jun 2015 08:24

Connemara Mining has completed its first phase of prospecting on its newly acquired Inishowen Block in Donegal, Ireland. The Dublin based firm said initial results identified a clear target area for more detailed investigation.Quartz vein material measuring almost half a metre wide with gold in excess of 15g per tonne were traced to a possible source area, the company said.Connemara Mining chairman John Teeling said it is an exciting time for Irish minerals exploration."The Ulster gold play was unlocked with previous discoveries in Tyrone and Monaghan."We believe that this geology extends from Donegal into central Scotland. It is early days but initial results seem to confirm our working model," Teeling said in a statement.Shares in Connemara were up by 1.81% to 1.40p on Friday at 08.22.