Playfair Mining has completed one diamond drillhole of 700 metres at its Cloonacool prospect in the Ox Mountains, County Sligo, Republic of Ireland. The hole was targeted to intersect gold-bearing structures previously discovered by Playfair and Bowpark. No significant gold was encountered in this recent drillhole. Playfair and Bowpark are examining the results in detail and the drill program has been paused.
Playfair has been informed by the Exploration and Mining Division of the Department of Communications, Climate Action and Environment of the Republic of Ireland that a problem has been identified in the environmental screening determination of mineral exploration drilling applications. This has led to an effective moratorium on new drilling permits being issued to mineral explorers. The Department is actively looking for solutions.
Playfair Mining has entered into an Option Agreement to acquire up to a 100% interest in Bowpark Exploration (Ireland) Ltd. Bowpark is a private company registered in Ireland and holds as its sole asset 3 contiguous prospecting licenses over the Ox Mountains in County Sligo, Ireland.
Exploration drilling was NQ size. The core was logged and mineralized intersections were marked for sampling and assaying. The marked intervals were cut in half with a diamond saw and one half of the core was placed in sample bags and tagged with unique sample numbers. The remaining half is securely stored at Playfair’s facility near Cloonacool. Bagged core samples were transported to ALS Minerals in Loughrea, Galway, an ISO certified assaying/geochemistry facility. Gold analysis was undertaken by Fire Assay and ICP-AES (ALS method: Au ICP 21).
Richard Parker and Andy Bowden have carried out and overseen this approved exploration program on behalf of Playfair and Bowpark. Both are qualified persons as defined by National Instrument 43-101 and they have reviewed and approved the contents of this News Release.
ON BEHALF OF THE BOARD
“D. Neil Briggs”
D. Neil Briggs, Director
Forward-Looking Statements: This Playfair Mining Ltd News Release may contain certain “forward-looking” statements and information relating to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
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