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Inishowen

Inshowen Drilling

The project consists of a contiguous block of 11 licences (423 km2) covering much of the Inishowen peninsula in north County Donegal. Initial drilling success was achieved in 2016, Connemara being the first company known to drill specifically for gold in the area. Drilling recommenced in September of 2017 at the Meeneragh prospect in order to build on the 2016 drilling which gave intercepts of 3.05m grading at 5.8g/t Au and 4.82m at 5.48g/t Au.

The targets are similar (mesothermal veins) and hosted in similar geology (Dalradian Supergroup) to the deposits at Galantas Mine and at the Curraghinalt Project in Tyrone 40 km away. Connemara is the first company to drill for gold targets in the area.

Figure 1: Compilation map showing location of Inishowen gold targets (click on image for full size view)

Drill targets were selected at the Meeneragh prospect and two phases of intial drilling were completed in 2016, which identified a series of parallel gold bearing veins.  Five additional drill holes were completed in October 2017 in order to better understand the orientation of the high grade veins intercepted in 2016 and to locate further veins noted in historic exploration, lying to the south. The 2017 drilling has identified further narrow quartz veins in the vicinity of the high-grade intersection in 16-MR-07 and 16-MR-07 drilled in 2016.  It is clear that the veins pinch and swell, orientation is with the bedding.  Prospecting has identified sulphide in quartz in four new areas, each of which is promising to host  gold mineralisation. To date, a total of 1113 metres has been drilled on twelve holes. Highlights of drill results are shown in table 1 below.

Table 1: Key gold intersections

Figure 2: Compilation map of drilling

Section 1: 16-MR-01, 02, 05 and 17-MR-12

Section 2: 16-MR-06, 04, 03, 07 and 17-MR-08

The existing airborne geophysics acquired by government Tellus program has been updated in February 2018 and these data have been reviewed. The Magnetic Tilt Derivative data in particular confirms the Glentogher Fault which runs NNW, SSE as a prominent feature. The NE-SW trending anomalies from the updated Magnetic First Vertical Derivative at Meeneragh are prominent and present a target for further investigation with ground-based sampling program expected in late summer 2018.

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