Results of ongoing drilling at Clay Lake

 
TIDMCDG 
 
11 October 2010 
 
                         Conroy Diamonds and Gold Plc 
 
                          ("Conroy" or "the Company") 
 
SUCCESSFUL RESULT FROM HOLES ON STEP OUT 
 
DRILLING PROGRAMME AT CLAY LAKE GOLD TARGET 
 
  * Step out drill programme continues to give positive results - 13 zones of 
    mineralisation intersected 
 
  * 14 metres of 0.72 grammes per tonne ("g/t") gold, including 2 metres of 
    1.72g/t gold 
 
  * Also intersections of 2 metres of 1.78g/t gold, 2 metres of 1.27g/t gold 
    2.4 metres of 0.92g/t gold, 3 metres of 0.82g/t gold and 3 metres 1.29g/t 
    gold 
 
Conroy (AIM: CDG; ESM: CDGI) is pleased to announce that the ongoing step out 
drilling programme, in the north-western corner of its Clay Lake gold target in 
Co. Armagh, has returned positive results with 13 zones of mineralisation 
intersected. The step out programme of inclined holes follows on from previous 
positive gold results which demonstrated the presence of a broad zone of gold 
mineralisation. 
 
The first drill hole was 233 metres in length to a vertical depth of 
approximately 165 metres, which intersected 2.4 metres of 0.92g/t gold from 2.6 
metres. This was followed by 2 metres of 1.78g/t gold from 26 metres followed 
by a 3 metres intersection of 0.82g/t gold from 113 metres, and a 2 metre 
intersection of 1.27g/t gold from 167 metres. 
 
The second drill hole was 161 metres in length to a vertical depth of 
approximately 114 metres, and it intersected 14 metres of 0.72g/t gold from 125 
metres including 3 metres from 128 metres which averaged 1.72g/t gold. This was 
followed by 3 metres of 0.61g/t gold from 146 metres. 
 
The third drill hole, 161.35 metres in length to a vertical depth of 
approximately 114 metres, intersected 2 metres of 0.58g/t gold from 30 metres. 
This was followed by 1 metre of 1.22g/t gold from 36 metres followed by a 7 
metres intersection of 0.35g/t gold and 4.6g/t silver from 87 metres, and 11 
metres intersection of 0.43g/t gold and 3.2g/t silver from 145 metres including 
3 metres of 0.82g/t gold and 5.7g/t silver. 
 
The fourth drill hole, which was 157 metres in length to a vertical depth of 
approximately 120 metres, intersected 7 metres of 0.95g/t gold from 69 metres 
including 3 metres of 1.29g/t gold from 83 metres. This was followed by 1 metre 
of 1.33g/t gold from 83 metres followed by a 1 metre intersection of 1.80g/t 
gold from 112 metres. 
 
 Drill Hole    From (m)   Intercept (m)  Au (g/t)    Ag (g/t) 
 
Intersection:     2.6          2.4         0.92          - 
 
Intersection:     26            2          1.78          - 
 
Intersection:     113           3          0.82          - 
 
Intersection:     167           2          1.27          - 
 
 Drill Hole    From (m)   Intercept (m)  Au (g/t)    Ag (g/t) 
 
Intersection:     125          14          0.72          - 
 
    incl.         128           2          1.72          - 
 
Intersection:     146           3          0.61          - 
 
 Drill Hole    From (m)   Intercept (m)  Au (g/t)    Ag (g/t) 
 
Intersection:     30            2          0.58          - 
 
Intersection:     36            1          1.22          - 
 
Intersection:     87            7          0.35         4.6 
 
Intersection:     145          11          0.43         3.2 
 
    incl.         149           3          0.82         5.7 
 
 Drill Hole    From (m)   Intercept (m)  Au (g/t)    Ag (g/t) 
 
Intersection:     69            7          0.95          - 
 
    incl.         73            3          1.29          - 
 
Intersection:     83            1          1.33          - 
 
Intersection:     112           1          1.80          - 
 
Arenites and argillites (shales) were the main lithologies in these holes. 
 
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. 
 
Commenting, Chairman, Professor Richard Conroy said: 
 
"This is good news indeed, every one of the 7 holes that have been drilled so 
far, all in the top corner of the soil anomaly, have got gold mineralisation 
present. We believe that this confirms our view that Clay Lake is even more 
prospective than Clontibret where we have a 1 million oz resource identified 
already." 
 
Further Information: 
 
Professor Richard Conroy, Chairman, Conroy Diamonds and Tel: [phone] 
Gold plc 
 
Simon Clements/Virginia Bull, Merchant Securities       Tel: [phone] 
Limited (Nomad) 
 
John Tuite, IBI Corporate Finance Limited (ESM Adviser) Tel: [phone] 
 
John Grant/ Karen Kelly/ David Lawman, XCAP Securities  Tel: [phone] 
PLC (Broker) 
 
Michael Padley/Michael Spriggs, Lothbury Financial      Tel: [phone] 
Services 
 
Don Hall, Hall Communications                           Tel: [phone] 
 
Editors' Note 
 
The Clay Lake anomaly covers an area of about 141 hectares ("ha") and has 
returned the highest gold-in-soil values ever recorded by the Company on its 
Irish exploration licences. It is larger than that at Clontibret (125ha), 7km 
to the south-west where the Company has established a JORC-compliant gold 
resource of over 1 million ounces on only 20 per cent. of the target. Both 
targets are located along the 50km (30 mile) gold trend outlined on its 
licences. 
 
Visit the website at: www.conroydiamondsandgold.com 
 
 
 
END