Conroy Gold & Natural Resources Plc New Gold Zones, High Grade Gold
September 22 2016 - 1:00AM
UK Regulatory
TIDMCGNR
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").
22 September 2016
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
NEW GOLD ZONES, HIGH GRADE GOLD AND WIDE INTERSECTIONS IN LATEST CLONTIBRET
DRILLING RESULTS
* Five New Gold Zones Intersected
* High Grades Include 25.85 g/t gold over 0.50m
* Wide Intersections Include 5.75m grading 5.04 g/t gold
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 the latest results from its drilling programme on the Clontibret
gold deposit at the southwestern part of the Company's Clay Lake - Clontibret
gold property.
High grades and wide intersections included 0.50m at 25.85 g/t gold in one of
the already known gold zones and 5.75m grading 5.04 g/t gold in one of the
newly discovered gold zones.
Five new gold zones (lodes) were discovered during the latest drilling. Gold
intersections were also made in four known gold zones in the area, confirming
continuity of these lode zones. The deposit remains open to depth and in all
directions.
The drilling focused on upgrading, at this stage to a depth of 200m, an area
where previous drilling had indicated the potential for significant widths and
gold grades. Intercepts drilled included;
* 5.00m grading 2.87 g/t gold (39m depth; New Lode 'A')
* 0.45m grading 3.28 g/t gold (70m depth; New Lode 'C')
* 5.75m grading 5.04 g/t gold (82m depth; New Lode 'D')
* 2.25m grading 10.47 g/t gold (96m depth Known Lode) including
0.50m grading 25.85 g/t gold
* 1.25m grading 3.21 g/t gold (157m depth; Known Lode)
* 1.25m grading 2.40 g/t gold (187m depth; New Lode 'E')
(Only intercepts greater than 1 g/t gold over a 1m interval are presented).
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:
"I am delighted at these latest excellent drilling results. The discovery of
new gold zones, high grades and wide intersections of gold add further support
that the Clay Lake - Clontibret Gold property could become a multi-million
ounce deposit."
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
END
(END) Dow Jones Newswires
September 22, 2016 02:00 ET (06:00 GMT)
Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From Apr 2024 to May 2024
Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From May 2023 to May 2024