Conroy Gold & Natural Resources Plc Drilling Confirms New Gold-in-Bedrock Discovery

 
TIDMCGNR 
 
13 September 2023 
 
[2011 Jan 28 CGNR Logo] 
 
Conroy Gold and Natural Resources plc 
 
("Conroy Gold" or the "Company") 
 
DRILLING CONFIRMS NEW GOLD-IN-BEDROCK DISCOVERY 
 
  · New gold-in-bedrock discovery at Drumavaddy anomaly in Slieve Glah in County 
Cavan 
 
  · Drill results with values of 2.0 g/t gold over 1 metre 
 
  · Zones of 10 metres of gold mineralisation intersected 
 
  · Continuity of gold mineralised structure supported by trenching and drilling 
 
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce that 
assay results from a scout trench (c.90m) and two scout drill holes (totalling 
c.500m) at Drumavaddy on the Company's Slieve Glah gold target in County Cavan, 
indicate a new gold-in-bedrock target at the Southwestern end of the 65km (40 
mile) Orlock Bridge gold trend. The drilling and trenching programme is being 
carried out in conjunction with the Company's joint venture partner, Demir 
Export A.S ("Demir Export"). 
 
The scout trenching and drill programme was designed to test the Drumavaddy 
anomaly (announced by the Company on 23 March 2023), where deep overburden 
sampling identified a highly anomalous gold target measuring 300 metres by 150 
metres with values up to 3,460 ppb Au. 
 
The trenching encountered a low grade 10 metre gold-in-bedrock zone. A 
subsequent drill hole intersected this gold zone at depth confirming the 
continuity of the gold mineralised structure. A second drill hole intersected a 
separate gold zone of 2.0 g/t gold over 1 metre. 
 
Gold mineralisation intersected by trenching and drilling in the Drumavaddy area 
of the Slieve Glah gold target. 
 
Intercepts from the trench included: 
 
·10.0m @ 0.2 g/t Au from 49.0m 
 
·4.0m @ 0.4 g/t Au from 67.0m 
 
(Only intercepts of 0.2 g/t Au or greater are presented) 
 
Intercepts from the two scout drill holes included: 
 
First drill hole 
 
  · 7.0m @ 0.2 g/t Au from 22.0m 
 
Second drill hole 
 
  · 9.0m @ 0.3 g/t Au (including 0.50m @ 1.0 g/t Au) from 56.0m 
  · 0.5m @ 0.3 g/t Au from 67.0m 
  · 0.5m @ 0.3 g/t Au from 88.0m 
  · 1.0m at 2.0 g/t Au from 159.0m 
 
(Only intercepts of 0.3 g/t Au or greater are presented) 
 
All samples were analysed by ALS (OMAC Laboratories) Loughrea usingAu-ICP21 (Au 
by fire assay and ICP-AES 30g sample). 
 
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: 
 
"It is very exciting to see these gold assay results from drilling and trenching 
at Slieve Glah, which confirm the prospectivity of this very extensive target 
area located to the Southwest of the district scale Orlock Bridge gold trend in 
the Longford - Down Massif." 
 
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 
The following files are available for download: 
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