Connemara Mining Co: Stonepark Zinc Discovery Continues To Grow

26th Jul 2010 12:10

LONDON (Dow Jones)--Connemara Mining Company PLC (CON.LN), which currently holds 38 prospecting licenses in central and south-west Ireland, said Monday the zinc discovery at Stonepark continues to grow in size and significance, adding that plans are in train to drill 15 holes on the Newcastle West block of licenses further to the southwest of Stonepark. MAIN FACTS: -With partner, Teck Ireland, Connemara is considering adding a number of additional drilling rigs to the two already working there. -Particular attention is directed towards the good results being obtained about 500 meters to the southwest of the Stonepark zone; This is either an extension or a new high grade zone. -Drill targets are identified on license blocks close to the Lisheen zinc mine in Tipperary recently acquired by Vedanta of India. -A recent placing has the company funded for all planned expenditure to end -Shares at 1105 GMT up 0.75 pence, or 3.9%, at 19.75 pence valuing the company at GBP3 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 26, 2010 07:10 ET (11:10 GMT)