3 June
2015
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
POSITIVE
RESULTS FROM INFILL DRILLING AT CLONTIBRET
- Grades of 20.05 g/t Gold over 1 Metre and 14.10 g/t Gold
over 0.25 Metres
- Gold Mineralisation Zone Extended - Orebody Open at Depth
and Along Strike
- Gold Mineralisation at Depth Confirmed
- Stockwork Zone - Gold Intercepted at 340.5 Metres - Deepest
Intersection to Date
________________________________________________________________
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
further results from its infill drilling programme in relation to
the mining plan for the development of its Clontibret gold and
antimony project in County Monaghan,
Ireland.
The drilling results include an intersection in one hole of 1
metre of 20.05 g/t gold, at a depth of 94.5 metres, 1.5 metres of
3.5 g/t gold at a depth of 40.5 metres, 1 metre of 3.4 g/t gold at
a depth of 36.5 metres, 1.5 metres of 2.16 g/t gold at a depth of
27 metres and 1 metre of 2.4 g/t gold at a depth of 138.5
metres.
In a further drill hole 0.25 metres of 14.1 g/t gold at a depth
of 119.5 metres, 0.25 metres of 8.44 g/t gold at a depth of 36.75
metres, 1.25 metres of 1.67 g/t gold at a depth of 42.25 metres and
2 metres of 1.88 g/t gold at a depth of 75 metres were
intersected.
Drilling in one of these holes was continued in order to
intersect the stockwork zone at depth (the gold orebody at
Clontibret comprises both lode zones and a stockwork zone). The
results within the stockwork zone included a series of five, one
metre intersections of gold at a grade of approximately 1g/t gold,
or over, down to a depth of 340.5 metres. This is the deepest
level to date at which gold has been intersected at Clontibret and
confirms that the gold orebody at Clontibret remains open at depth.
It is also open along strike.
The results provide evidence of continuity of gold
mineralisation at depth and enable the existing geological orebody
model to be confirmed and the gold mineralisation zone to be
extended.
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 with these further
excellent drilling results at Clontibret, which include more high
grade gold mineralisation and demonstrate both the continuity of
the mineralisation and that the orebody is open at depth, as well
as being open along strike.”
For further information please contact:
Conroy Gold and
Natural Resources plc
Professor Richard Conroy, Chairman |
Tel:
+353-1-661-8958 |
Sanlam Securities
UK Limited (Nomad)
Virginia Bull/Simon Clements |
Tel:
+44-20-7628-2200 |
Hybridan LLP
(Broker)
Claire Louise Noyce/Niall Pearson/William Lynne |
Tel:
+44-20-3713-4580 |
IBI Corporate
Finance Limited (ESM Adviser)
Ger Heffernan |
Tel:
+353-766-234-800 |
Lothbury Financial
Services
Michael Padley/Eleanor Moore |
Tel:
+44-20-3290-0707 |
Hall
Communications
Don Hall |
Tel:
+353-1-660-9377 |
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Visit the website at:
www.conroygold.com