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Thurles Block

The Thurles Licence Block has been held by Connemara since June 2008 and consists of three contiguous prospecting licences, covering an area of approximately 110km2 of County Tipperary. The block is located approximately 5km south of the Lisheen Mine - a Waulsortian Reef hosted deposit (22.79Mt, 12.04% zinc / 2.05% lead) and 12km southwest of the Galmoy Mine, also hosted by the Waulsortian Reef (9.9Mt, 12.8% zinc / 1.3% lead).

The block is located along the southern edge of the Rathdowney Trend regional basement lineament and is primarily underlain by shelf limestone facies with the Waulsortian Reef outcropping in an inlier to the northeast. Within this inlier the contact between the base of the Waulsortian Reef and the ABL is exposed. The Waulsortian of this part of the Irish Midlands is regionally dolomitised. Immediately to the north of the block, close to the town of Thurles, historic drilling by Cominco intersected a very well developed Iron formation at the base of Waulsortian Reef, it is postulated that this is a distal, up dip indication of mineralisation.

A programme of five regionally spaced IP lines was completed during 2010 to help produce drill targets in conjunction with other geological/geophysical/geochemical data.

Target 1: Located along the fault controlled northern edge of the Littleton Inlier. Along a well-developed northeast striking structure, proven by drilling and delineated by IP. The IP has defined a chargeability anomaly on the prospect northern, downthrown side of this structure.

Two drillholes have been completed in this area, the first in the south drilled to 227m, with base of Reef at 218m. The second hole was drilled to 308m, with base of Reef at 296m. No visible mineralisation was evident in either hole, however considerable faulted cavities from 221-248m and white dolomite matrix brecciation would suggest that more interesting targets to the north-west on the downthrown hanging wall side could be attractive.

Target 2: Located along strike to the southwest of the Littleton Inlier. A limited number of widely spaced historical drillholes have intersected low grade, stringer style Zn & Pb mineralisation at the prospective base of Reef contact. Drillhole C-1578-1 is currently being drilled on this site.

Target 3: Down dip from an Iron Formation occurrence intersected by historic drilling. The target concept is to locate the area closer to the feeder system where sulphides were being deposited rather than oxides. This area to be tested at a later date.