29 May
2019
Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)
DRILLING AT SLIEVE
GLAH GOLD TARGET
- Over 600m of drilling
completed
- Detailed logging underway
Conroy Gold and Natural Resources
plc (AIM:CGNR), the gold exploration and development Company
focused on Ireland and
Finland, is pleased to report the
completion of a 600m drilling
programme on its Slieve Glah gold target in the Longford–Down
Massif in Ireland. Further details
of the Company’s 2019 drilling programme were announced on
20 March 2019.
The primary focus of the current drilling programme has been to
follow up on encouraging gold-in-soil, deep overburden and
trenching results in the Slieve Glah area.
Four drill holes, totalling 611m
of drilling, have been completed. Detailed logging of the
drill core is now underway, and is expected to be completed by
July 2019.
Slieve Glah is located at the south western end of the 65 km (40
miles) gold trend which Conroy Gold
has discovered in the Longford–Down Massif. It lies approximately
40 km downtrend from the Glenish–Clontibret–Clay Lake gold target
in the northeast of the gold trend.
An overall exploration target on the Glenish–Clontibret–Clay
Lake gold target of 8.8 million ounces gold (excluding a JORC
compliant resource of 517,000 ounces of gold at the Clontibret
deposit) has been estimated (announced by the Company on
2 August 2018).
At Slieve Glah, the Orlock Bridge Fault, one of the main
controlling features of gold mineralisation within the
Longford–Down Massif, undergoes a significant strike swing. Such
strike swings can act as focal points for mineralisation.
An extensive gold-in-soil geochemistry exploration programme
which the Company has carried out at Slieve Glah has demonstrated
the presence of a series of extensive, (c.3km long), gold-in-soil
targets. Follow up deep overburden and trenching at a number
of sites has confirmed the prospectivity of the Slieve Glah
area.
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 Company’s emphasis remains on its potential multi-million
ounce gold target in the Glenish -Clontibret- Clay Lake area.
However, the nature and extent of the Slieve Glah gold target area
in the southwest of the gold trend suggests that it could add
significantly to the 8.8 million ounce gold potential seen in the
Glenish-Clontibret-Clay Lake gold target area.”
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