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Teeling updates on Oldcastle Block

Wednesday, September 19 17:04:47

Connemara mining, John Teeling's lead and zinc prospector, today said it has started testing on its Oldcastle Block of licences in Cavan and Meath.

The project is covered by a joint venture agreement with Teck Ireland Ltd, a subsidiary of Teck Resources Limited, to identify and explore potential Zinc and Lead deposits.

Teck can earn a 75pc interest in the block by spending E1.35m, Mr Teeling said.

A target definition programme comprising geological, geochemical and gravity data collection and analysis has commenced. Geological mapping and sampling of historic outcrops is underway and soil sampling is seeking to extend and characterize the known soil anomaly within the Drumlerry area. Reprocessing of both airborne and ground geophysical data is ongoing. The aim of the current programme is to identify new drill targets for drill testing in late 2012 or 2013.

"The Oldcastle block has known potential for zinc and lead. It shows some of the geological signatures present in the Navan area 20kms away which hosts the giant Tara zinc mine. Connemara exploration identified some of the potential but Teck has the techniques, experience and finance to uncover the potential," said Mr Teeling.