Conroy Gold & Natural Resources Plc Clontibret Drilling Results
October 06 2022 - 1:00AM
UK Regulatory
TIDMCGNR
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
6 October 2022
Conroy Gold and Natural Resources plc
("Conroy Gold" or "the Company")
CLONTIBRET DRILLING RESULTS
GOLD ZONE OF OVER 33M INTERSECTED IN STOCKWORK
* 33.2m at 0.8 g/t gold including 8.0m at 1.2 g/t gold
* Grades up to 2.3 g/t gold intersected
* Further continuity of Stockwork gold mineralisation demonstrated
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
assay results from the fourth drill hole of the eight-hole, c.3,000m, drilling
programme on its Clontibret gold deposit in Ireland. A 33.2m gold zone has been
intersected within the Stockwork, grading 0.8 g/t gold. The drilling programme
is being carried out in conjunction with the Company's joint venture partner,
Demir Export A.? ("Demir Export").
Drill hole number 4 reached a targeted down hole depth of 136m, at an inclined
angle (-60 Degrees). The drill hole intersected gold mineralisation in the
stockwork at a down hole depth of 91.8m (vertical depth of 79m). The gold
mineralisation extended to a down hole depth of 125.0m (including 8.0m @ 1.2 g/
t Au from 96.0m).
The number 4 drillhole was located 100m up dip from drillhole TW001, one of the
drill holes from Demir Export's due diligence drilling as announced on 21
February 2022 which encountered the widest gold intercept yet drilled at
Clontibret - 94.5m grading 1.0 g/t Au (including 45m grading 1.5 g/t Au).
The presence in drillhole 4 of a further intersection of wide gold
mineralisation in the stockwork, 100m away from the wide gold intersection in
TW001, demonstrates the continuity of gold mineralisation in the stockwork in
this area.
Further announcements will be made as the drilling programme progresses.
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:
"I am very pleased with these results from drillhole 4. They confirm the
presence in the stockwork of significant widths of over 30m of gold
mineralisation, together with gold grades of up to 2.3g/t. The earlier results
on holes 1-3 showed 18 gold intersections, four new zones to the north-east of
the existing Clontibret target, with significant intersections made.
The results from hole 4, in conjunction with those from the first three
drillholes, indicate the potential for high tonnage and overall gold content
within the stockwork gold zone in addition to the known gold content of the
lode zones. The drill programme so far has significantly extended the stockwork
continuity, added new gold lodes and, most importantly, it has further enhanced
our understanding of the ore body, which we are confident remains open along
strike and at depth."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Tel: +44-20-3328-5656
Allenby Capital Limited (Nomad)
Nick Athanas/Nick Harriss
First Equity Limited (Broker) Tel: +44-20-7330-1883
Jason Robertson
Lothbury Financial Services Tel: +44-20-3290-0707
Michael Padley
Tel: +353-1-660-9377
Hall Communications
Don Hall
Visit the website at: www.conroygold.com
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