20 March 2019
Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)
Exploration and
Business Update
Conroy Gold and Natural Resources
plc (AIM:CGNR), the gold exploration and development company
focused on Ireland and
Finland, is pleased to announce
that its 2019 drill programme will commence shortly on the 65 km
(40 mile) gold trend that the Company has discovered in the
Longford-Down Massif in Ireland
where the Company has, at Clontibret, a JORC resource of 517,000 oz
Au and estimated in the overall Clontibret, Clay Lake, Glenish area, an Exploration Target
of a further 8.8M oz Au (as
previously announced by the Company on 2
August 2018).
The 2019 drill programme will initially focus on the South
Western, or Slieve Glah area, of the gold trend, approximately 40
km southwest of Clontibret. This is both to follow up on
encouraging deep overburden and trenching results and to fulfil
work commitments on the relevant licences.
At Slieve Glah the Orlock Bridge Fault, a major geological
structure along which the gold trend lies, undergoes a significant
strike swing. Such strike swings can act as focal points for
mineralisation and gold-in-soil geochemistry suggests that there
are a series of large (3km long) gold targets.
Slieve Glah is regarded by the Company as a large and very
promising target area which adds further to the prospectivity of
the Company’s 700km2 licence area.
Conroy Gold is also pleased that
the Company’s booth at the 2019 Prospectors and Developers
Association Conference ("PDAC") attracted a high degree of interest
from representatives of the mining industry who were not only made
aware of the Company’s major gold prospects in Ireland but also of the Company’s openness to
joint venture discussions.
The Irish Minister for Mines, Mr. Sean
Canney T.D., who attended the Conference, visited the
Company’s booth accompanied by members of his department. Minister
Canney confirmed the Irish Government’s positive attitude towards
mining.
Ireland now ranks 4th for
mining policy perception in the prestigious Fraser Institute
Ratings.
The Company also gave a presentation at
the Conference. A copy of this presentation is available on the
Company’s website at
http://www.conroygoldandnaturalresources.com/sites/default/files/Conroy%20Gold%20Presentation%20PDAC%202019.pdf
Professor
Richard Conroy, Chairman of
Conroy Gold, commented:
"Following on from the excellent
results of the 2018 drilling programme, I look forward to the new
2019 drill programme.
I was extremely pleased at the degree
of interest shown by the industry in the Company at the recent PDAC
mining conference. I also look forward to possible joint venture
initiatives arising from our presence at the conference."
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 |
Nick Athanas/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