Conroy Gold & Natural Resources Plc High Grade Gold Intersected
March 23 2015 - 2:00AM
UK Regulatory
TIDMCGNR
23 March 2015
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
HIGH GRADE GOLD INTERSECTED IN INFILL DRILLING AT CLONTIBRET
* Grades of 25.29 g/t gold over 2.5 metres and 22.37g/t gold over 1 metre in
new drill intersections
* Previously unknown mineralised gold zone identified
* Further evidence of continuity of high grade gold mineralisation
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development company focused on Ireland, is pleased to announce
the initial results of its in-fill drilling programme in relation to the
starter pit in its definitive mining plan for the development of its Clontibret
gold and antimony project in Co Monaghan.
The Company has already classified 96 per cent. of the gold resources within
the current starter pit as being in the indicated category.
The drilling results to date provide further evidence of continuity of high
grade gold mineralisation. These include, in one hole, intersections of 2.5
metres at 25.29 g/t gold at a depth from 83 metres and 1 metre at 22.37g/t gold
from 95 metres and also include from a depth of 14 metres a 5 metre
intersection at 4.46 g/t gold.
In another drill hole a new mineralised zone has been identified which included
2 metres at 1.47 g/t gold at a down hole depth of 94 metres.
This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff who holds a BSc/MSc in Geology and Remote Sensing, in
accordance with the guidance note for Mining, Oil & Gas Companies issued by the
London Stock Exchange in respect of AIM Companies, which outlines standards of
disclosure for mineral projects.
Professor Richard Conroy, Chairmancommented:
"I am very pleased with these high grades of gold and continuity of
mineralisation as we move forward with our plans for the development of a gold
and antimony mine at Clontibret".
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Virginia Bull/Simon Clements
Hybridan LLP (Broker) Tel: +44-20-3713-4580
Claire Louise Noyce/Niall Pearson/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan
Lothbury Financial Services Tel: +44-20-3440-7620
Michael Padley/Gary Middleton
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
END
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