Conroy Gold & Natural Resources Plc Drill Results from Creenkill Gold Target

 
TIDMCGNR 
 
13 July 2023 
 
[2011 Jan 28 CGNR Logo] 
 
Conroy Gold and Natural Resources plc 
 
("Conroy Gold" or the "Company") 
 
DRILL RESULTS FROM CREENKILL GOLD TARGET IN COUNTY ARMAGH 
 
  · First drill results on the recently discovered Creenkill target 
 
  · Drilling returns 0.5m at 11.5 g/t Au and 1.2m at 3.8 g/t Au 
 
  · Continuity of mineralised structure supported by trenching and drilling 
 
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce assay 
results from six shallow drill holes (totalling c.98m) at the Company's 
Creenkill gold target in its Mines Royal (Newtownhamilton) option, located in 
County Armagh, Northern Ireland.  The drilling programme is being carried out in 
conjunction with the Company's joint venture partner, Demir Export A.S ("Demir 
Export"). 
 
The drill programme was designed to confirm the immediate down dip continuity of 
the gold mineralised structure reported on 5 June 2023. 
 
The mineralised structure was previously trenched over a strike length of 
approximately 135m and has now been drilled over a strike length of 
approximately 100m and traced approximately 10m down dip. It remains open along 
strike and to depth.  Drilling is continuing and further announcements will be 
made in due course. 
 
Intercepts from the initial six shallow drillholes include: 
 
  · 0.50m @ 11.5 g/t Au 
  · 1.20m @ 3.8 g/t Au (including 0.90m @ 4.7 g/t Au) 
  · 0.35m at 3.1 g/t Au 
  · 0.35m @ 2.4 g/t Au 
  · 0.25m at 1.4 g/t Au 
  · 0.50m @ 0.3 g/t Au 
 
(Only intercepts of 0.3 g/t or greater are presented) 
 
This drilling was undertaken on the newly identified Skullmartin Fault gold 
trend which is separate from and lies 20km to the south of the 65km long Orlock 
Bridge gold trend which hosts the Clontibret and Clay Lake gold deposits. 
 
All samples were analysed by ALS (OMAC Laboratories) Loughrea usingAu-ICP21 (Au 
by fire assay and ICP-AES 30g sample). 
 
To gain further understanding of the gold deportment, two sample pulps (0.25m at 
1.4g/t Au and 0.35m at 3.1g/t Au) underwent additional analysis with assay 
method Au-SCR24, with the total gold reported being at similar levels of 1.2 g/t 
and 3.6 g/t Au. There was a significant component in the plus 100 micron 
fraction of the 3.1 g/t Au pulp sample which assayed 67.5 g/t Au indicating a 
coarse gold environment. 
 
The drilling results reported in today's announcement form part of an on-going 
overall technical assessment, incorporating drilling together with extensive 
soil and deep overburden sampling and geophysics, across both gold trends in the 
Longford - Down gold district. The primary focus of the joint venture is to 
develop a mine at Clontibret, or elsewhere along the gold trends, with the long 
-term objective of the delivery of a series of mine developments across the new 
gold district. 
 
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: 
 
"This new discovery continues to emphasise the prospectivity of the region.  The 
initial drilling supports what was discovered during the trenching programme and 
the continuity of the structure provides encouragement that similar bonanza gold 
grades, discovered during prospecting, can be encountered by future trenching 
and drilling." 
 
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 
First Equity Limited (Broker)          Tel:+44-20-7330-1883 
 
Jason Robertson                        Tel: +44-20-3290-0707 
 
Lothbury Financial Services 
Michael Padley 
Hall Communications                    Tel: +353-1-660-9377 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

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