The chairman of the company exploring for gold in Inishowen has confirmed they are set to return within the year after high grade gold was discovered.
John Teeling, chairman of Connemara Mining Company Plc, told the ‘Journal’ yesterday that mapping would now take place after the latest positive results from the exploration of the Glentogher area.
During the third and fourth hole drilling in the region “multiple high-grade veins were intercepted over a 4.82m zone.”
The company in its statement said that the “shearing between the veins also contained elevated gold values”, adding:
“This zone was intercepted immediately below the high grade intercept from the first drilling campaign. Further drilling will concentrate on this zone.”
Mr Teeling said: “The results of one of the bore holes was very positive. Three holes were not good grade but the fourth one was very good width and good grade.
“When you relate that to the last hole in the previous programme it is in the same area and we now have to identify the extent of that zone.
“The gold is located in quartz veins. These are difficult veins. It is the quartz in the cracks in the rocks that contains the gold.”
The grade discovered is similar to that found at the Dalradian exploration site in County Tyrone.
In the Glentogher area, electrical impulses may not be used to identify the configuration of the gold veins, while further explorations will be carried out by the end of 2016.
“There is clearly a high grade gold zone in the area of these holes,” Mr Teeling said.
“The next phase of drilling will be designed to follow the veins.”
Connemara is an exploration company with principal assets in gold, zinc and lead exploration licenses in Ireland.
The company holds interests in 32 licenses covering an area of around 1,290 sq kms.
Silver exploration meanwhile is also understood to be continuing in the Glentogher area.