Drilling Report
21 Junho 2007 - 8:31AM
UK Regulatory
Drilling Report
Glencar Mining plc
Komana West Project
Drilling Update
21 June 2007
Highlights
* The highest gold assay to date at Komana West, 733
grams/tonne over 1 metre, found in borehole KWDD095 from 42m to 43m
downhole depth
* 17m at 2.99 grams/tonne (cut) in KWDD095 from 42m to 59m
downhole depth
* 14m at 1.64 grams/tonne in KWDD086 from 123m to 137m
downhole depth
* Metallurgical studies commenced
* Environmental studies to be started
* Drilling suspended until after the rainy season
Glencar Mining plc ("Glencar" or "the Company"), the AIM and IEX
listed company with gold exploration interests in Africa, is pleased
to report on additional drilling results from its Komana West project
in southern Mali. The results include the highest ore grade
mineralization yet encountered on the project, 1 metre grading 733
grams/tonne in borehole KWDD095, towards the southern end of the
drilled area. This borehole is in an area south of the main
intrusive porphyry body, where artisanal workers have consistently
encountered very high gold grades in their surface pits.
The main mineralised intersections are given in the table below.
These results show the continuation of the mineralised zone south of
the surface expression of the main porphyry body. The overall
mineralised zone is much broader in this southern zone and while some
spectacular gold grades have been seen in this area, continuity of
the higher grade ore shoots has so far been harder to establish.
Extensive current artisanal workings to the south of this area
suggest that the mineralised corridor extends to the south and
further drilling there will be carried out during the next drilling
campaign.
Over 12,490 metres of drilling has now been completed at Komana West,
9,886 metres of it reverse circulation drilling and 2,612 metres of
diamond drilling. Assays are still awaited from seven holes which
were drilled mainly to shallower depths within the northern zone of
the ore deposit.
A more complete and detailed report of the fourth phase of drilling
at Komana West, including the assays from the remaining seven holes
will be given when all outstanding assays have been received and
collated. Drilling has recently been suspended at the project, due
to the onset of heavy rains, and will recommence after the rains
cease in early to mid October next.
Metallurgical testwork is already underway to determine the
characteristics of the gold mineralization and preliminary
environmental studies will also be commissioned shortly.
Announcing these results at the Company's Annual General Meeting in
Dublin today, Glencar's Managing Director, Mr. Hugh McCullough said;
"The presence of such high grade gold shoots as has been seen in
borehole KWDD095 and in the surrounding artisanal pits, and also
immediately to the north of our northernmost drill fenceline,
suggests that one of the key factors in evaluating the full potential
of the Komana West deposit will be the elucidation of the disposition
and extent of these likely additional high grade shoots."
A drillplan showing the drillholes described above will be posted
shortly on the Company's website at www.glencarmining.ie
Hugh McCullough, EurGeol., PGeo, Managing Director of Glencar, is a
member of the Institute of Geologists of Ireland. He is a qualified
person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange. He has reviewed
and approved the technical information contained in this
announcement.
For further information please contact:
Glencar Mining plc
Hugh McCullough, Managing Director
Tel: +353 1 661 9974
e-mail: info@glencarmining.ie
Heneghan PR
Rachel Watchorn
Tel: +353 1 6607395
e-mail: rachel@hpr.ie
Bishopsgate Communications
Nick Rome/Fran Read
Tel: +44 20 7562 3350
e-mail: nick@bishopsgatecommunications.com
Hole ID From To Width Au (g/t)
(m) (m) (m) Cut Off 30g/t Uncut grade
KWDD082 69 70 1 0.93 0.93
114 115 1 2.18 2.18
146 147 1 1.26 1.26
KWDD 083 2 3 1 0.65 0.65
9 11 2 2.70 2.70
65 66 1 0.74 0.74
82 83 1 0.89 0.89
95 96 1 0.77 0.77
108 109 1 0.55 0.55
KWDD 084 41 44 3 0.60 0.60
85 89 4 0.59 0.59
95 96 1 1.01 1.01
111 112 1 4.12 4.12
133 134 1 10.55 10.55
146 147 1 6.65 6.65
153 154 1 0.86 0.86
KWRC 085 81 84 3 1.93 1.93
KWDD086 123 137 14 1.64 1.64
141 142 1 0.81 0.81
148 150 2 2.80 2.80
156 157 1 1.45 1.45
167 168 1 1.03 1.03
171 172 1 5.90 5.90
KWDD 087 13 14 1 2.25 2.25
51 54 3 0.84 0.84
64 65 1 1.58 1.58
80 83 3 1.88 1.88
95 96 1 2.70 2.70
129 135 6 3.73 3.73
KWDD 095 4 5 1 0.79 0.79
8 9 1 2.18 2.18
36 37 1 0.50 0.50
42 59 17 2.97 44.35
70 71 1 0.64 0.64
74 75 1 0.71 0.71
82 88 6 0.67 0.67
102 104 2 0.97 0.97
111 112 1 0.57 0.57
116 117 1 0.81 0.81
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