JOHANNESBURG (miningweekly.com) – Irish exploration company Connemara has acquired 17 existing prospecting licences in Ireland from a company that was formed by the late Dale Hendrick, who was renowned in gold exploration.
The company acquired control of 12 existing HRI prospecting licences for a royalty agreement comprising a 2% net smelter return on future production. In addition, the five Connemara prospecting licences in joint venture with HRI have been returned to Connemara.
“The acquisition has increased the strike length of the primary gold target in Wicklow from around 5 km to 15 km. Connemara has already established drill and trenching targets for late 2017/early 2018 and is planning an expanded programme along the trend,” commented Connemara chairperson John Teeling.
Though the primary focus of the licences is gold, lithium pegmatite targets are being developed adjacent to the western margin of the block and Connemara is reviewing potential targets within the expanded block.
Connemara has two other key areas of activity in Ireland including the development of gold targets in the Inishowen block, in Donegal, and progressing zinc assets elsewhere in Ireland.