Connemara has an agreement with Teck Ireland Ltd., a subsidiary of Teck Resources Limited, on our Oldcastle Block of licences in Cavan/Meath.  Teck can earn a 75% indirect interest in the licences by spending €1.35m by 2018.  To date about €750,000 has been spent so Connemara is carried.
The company has operated an extensive exploration programme on 5 Prospecting Licences - 1051, 1053, 1991, 3925 & 3926 – which constitute the Oldcastle Block. This Block covers an area of approximately 171km2 over Counties Cavan and Meath, centred on the market town of Oldcastle. This Block is located within 25km to the NW of the giant lead-zinc Tara Mines orebody at Navan >100mT @ 10.1% Zn / 2.6% Pb and 11g/tAg, operated by New Boliden.
The Oldcastle Block is geologically similar to the Navan area, with the Lower Palaeozoic Longford-Down Massif to the north-east unconformably overlain by a transgressive sequence of shallow marine Lower Carboniferous carbonates. Target zone for this area is for base metal mineralisation in the Navan Beds. Best developed and most extensive mineralisation on this Block to date has been drilled in the NE on PL3925 at Drumlerry. Mineralization style is vein and fracture-fill sphalerite and galena. This zone is indicative of the down-dip potential.
Geophysical and geochemical surveys across the Block indicated areas to be followed up by diamond drilling.

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Much of the drilling in this area did not test the target Navan Beds horizon, leaving a large prospective zone, particularly to the south-west of the Slieve na Calliagh Palaeozoic inlier on PL1991.
Extensive geophysical work has been done by Teck, including 2D seismic exploration.  They have identified a number of anomalies which they expect to drill.

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