CONROY GOLD & NATURAL RESOURCES PLC - Gold lode continuity at Clontibret
August 10 2016 - 1:00AM
PR Newswire (US)
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
10 August
2016
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
GOLD LODE
CONTINUITY AT CLONTIBRET CONFIRMED BY STRUCTURAL STUDY
-
All these Lodes Confirm Continuity of
Gold Lodes Identified by Drilling
-
Structural Study Results Combined with
Results from Old Mine Workings and from Drilling, Enhance
Geological Understanding of Clontibret Gold Lodes
-
Study Provides Essential Information
for Proposed Mine Development at Clay Lake-Clontibret Gold
Project
__________________________________________________________________
Conroy Gold and Natural Resources
plc (AIM: CGNR, ESM: CGNR.I), the gold exploration and development
company focused on Ireland and
Finland, is pleased to announce
that an independent study by structural consultant Dr. Francis Murphy has confirmed the continuity of
the gold lodes at the Company’s Clontibret gold target.
The structural study was carried out on the stream bedrock in
Clontibret.
Eight gold lodes were identified in the stream bedrock. These
lodes all corresponded to gold lodes previously identified by the
drilling programme.
The confirmation of continuity in the gold lodes, taken in
conjunction with drilling results and channel sampling results from
the old antimony mine workings at Clontibret enhances the Company’s
understanding of gold mineralisation within the Clontibret gold
deposit.
This demonstration of the continuity of the gold mineralisation
at Clontibret is a further essential step forward as the Company
proceeds with its Clay Lake-Clontibret gold mining project.
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, Chairman commented:
“This new study compliments our ongoing drilling programme and
proves continuity of the mineralised lodes. It is a further
major step forward with our plans for development at our Clay
Lake-Clontibret gold project which the Company believes has a
multi-million oz. target potential.”
For further information please contact:
Conroy Gold and
Natural Resources plc |
Tel:
+353-1-661-8958 |
Professor Richard
Conroy, Chairman |
|
Allenby Capital
Limited (Nomad) |
Tel:
+44-20-3328-5656 |
David Hart/James
Thomas/Nick Harriss |
|
Hybridan LLP
(Broker) |
Tel:
+44-20-3764 2341 |
Claire Louise
Noyce/Niall Pearson/William Lynne |
|
IBI Corporate
Finance Limited (ESM Adviser) |
Tel:
+353-766-234-800 |
Ger Heffernan / Jan
Fitzell |
|
Lothbury Financial
Services |
Tel:
+44-20-3290-0707 |
Michael Padley |
|
Hall
Communications |
Tel:
+353-1-660-9377 |
Don Hall |
|
Visit the website at:
www.conroygold.com
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