39 per cent Zinc-Lead Deposit At Limerick Project
Shares in Irish zinc miner, Connemara Mining, leapt 36 per cent in London yesterday as the company released news of a "very significant result" in its County Limerick zinc project.
The AIM-listed explorer said it has found a 39pc combined zinc-lead deposit from the results of Hole 45 at Stonepark. Chairman John Teeling said the zinc was high grade, at a shallow depth and the discovery area extended over 500 metres.
"But, most importantly, this is a 'sweet spot', which lifts the overall metal content in the deposit to grades which allow for economic mining," Mr Teeling added.
The discovery was made during the company's drilling programme. Hole 45 hit 7.45 metres of 19.2pc zinc and 8.5pc lead -- the best intersection to date on the project -- and includes 4.25 metres of almost 39pc combined zinc-lead.
The Stonepark North programme is operated by Connemara along with Canadian minergiant Teck Resources which holds a 75 per cent stake in the project.
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