Conroy Gold & Natural Resources Plc New gold zones intersected in Glenish drilling
July 18 2016 - 2:00AM
UK Regulatory
TIDMCGNR
18 July 2016
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
NEW GOLD ZONES INTERSECTED IN GLENISH DRILLING
* Gold Zones Lie within 150 Metre Wide Structural Corridor
* Gold Mineralisation in Bedrock Traced Down Dip for over 70 metres and
Remains Open in All Directions
* Gold in Bedrock Confirms the Extensive Gold-in-Soil Anomaly
__________________________________________________________________
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 that four new gold zones have been intersected in a drilling
programme on its Glenish gold target in Ireland.
The drilling results, together with previous channel sampling in the area which
had proved 1.3 metres grading 9.4 g/t gold, demonstrated the presence of the
four new gold zones in a 150 metre wide structural corridor in the western part
of the Glenish gold target.
The new drilling results included intersections of 2.25 metres grading 2.65 g/t
gold, at a depth of 18 metres; 2.0 metres grading 1.59 g/t gold at a depth of
27.75 metres; 2.75 metres grading 1.43 g/t gold at a depth of 36 metres and 3
metres grading 1.76 g/t gold at a depth of 64.25 metres.
The gold mineralisation in bedrock in the drilling area was traced down dip for
over 70 metres and remains open in all directions.
The Glenish gold target is a large, 147 hectare, gold-in-soil anomaly located
7.5km southwest of the Company's Clay Lake-Clontibret gold target where the
Company is targeting a potential of five million ounces of gold.
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:
"The newly discovered gold zones significantly upgrade the potential of the
Glenish gold target, which is close to our already established Clay Lake-
Clontibret gold target, and further enhances the prospectivity of the Company's
gold licences in Ireland".
For further information please contact:
Conroy Gold and Natural Resources plc Tel:
+353-1-661-8958
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel:
+44-20-3328-5656
David Hart/James Thomas
Hybridan LLP (Broker) Tel: +44-20-3764
2341
Claire Louise Noyce/Niall Pearson/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel:
+353-766-234-800
Ger Heffernan / Jan Fitzell
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
END
(END) Dow Jones Newswires
July 18, 2016 02:00 ET (06:00 GMT)
Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From Apr 2024 to May 2024
Conroy Gold & Natural Re... (LSE:CGNR)
Historical Stock Chart
From May 2023 to May 2024