Connemara Mining to unveil joint venture partnership details shortly

CONNEMARA Mining — the Irish AIM-listed zinc explorer — is set to announce a joint venture partnership, with an as yet unnamed company, to further develop its Lough Sheelin asset block, in the coming week.

Appraisal programmes at the five-licence block, which runs across Cavan and Meath, have already defined deep drill targets.

“Exploration is a long-run game. Once the euphoria of a discovery evaporates, the hard work of turning a resource into a measured reserve begins. This takes time and money. Irish independent mining companies like ourselves, Minco and Belmore have each made what — by world standards — are significant base metal discoveries. Turning these discoveries into commercial mining operations needs well-funded strong partnerships with major companies who can access world markets,” Connemara’s chairman, John Teeling said.