Conroy Gold & Natural Resources PLC New Gold Outcrop Discovery (6866E)
October 22 2018 - 1:00AM
UK Regulatory
TIDMCGNR
RNS Number : 6866E
Conroy Gold & Natural Resources PLC
22 October 2018
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"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
22 October 2018
Conroy Gold and Natural Resources plc
("Conroy Gold" or "the Company")
NEW GOLD OUTCROP DISCOVERED BETWEEN CLONTIBRET GOLD DEPOSIT AND
CORCASKEA GOLD TARGET
Highlights:
-- New area of bedrock gold mineralisation discovered.
-- 5.6 g/t gold returned from surface rock chip sample.
-- Halfway between bedrock mineralisation at Clontibret deposit
and Corcaskea target which are 535 metres apart.
-- Continuity between Clontibret deposit and Corcaskea target is becoming established.
Conroy Gold and Natural Resources plc (AIM: CGNR), is pleased to
report the discovery of a new area of bedrock gold mineralisation
halfway between the Clontibret gold deposit and the Corcaskea gold
target in Ireland.
The gold outcrop discovered during prospecting has a grade of
5.6 g/t gold. The outcrop lies to the north of the Clontibret gold
deposit on which the Company has defined a JORC resource of 517,000
ounces gold (announced 28 July 2017) and to the south of the
Corcaskea gold target which has yielded significant gold
intersections in trenches, including 16.5 metres at 6.5 g/t gold
and 12 metres at 4.9 g/t gold.
Geological interpretation suggests continuity between the
Clontibret gold deposit, which is open in all directions and to
depth, and the Corcaskea gold target, is becoming established.
A direct link between the Clontibret gold deposit and the
Corcaskea gold target could indicate significantly increased gold
potential in the area.
Further Information
The new gold mineralisation was discovered c. 275 metres
(Northeast) from the nearest drill hole in the Clontibret gold
deposit and c. 260 metres (Southwest) from the nearest trenching in
the Corcaskea gold target area.
http://www.rns-pdf.londonstockexchange.com/rns/6866E_1-2018-10-21.pdf
This release has been approved by Kevin McNulty PGeo, who is a
member of the Company's technical staff and 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:
"The discovery is an exciting development and with the
possibility of a direct link between the Clontibret gold deposit
and the Corcaskea gold target is a further strong indication of the
overall gold potential of the 17km (10 mile) Clontibret - Clay Lake
- Glenish gold district. We are working to both increase the
overall resource of the licence area and to develop a mine,
initially at Clontibret where we have the current defined JORC
resource."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Virginia Bull/Nick Harriss
Brandon Hill Capital Limited (Broker) Tel: +44-20-3463-5000
Jonathan Evans
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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