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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Conroy Gold & Natural Resources Plc | LSE:CGNR | London | Ordinary Share | IE00BZ4BTZ13 | ORD EUR0.001 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -2.04% | 12.00 | 11.50 | 12.50 | 12.25 | 11.75 | 12.25 | 119,836 | 11:25:51 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 257k | -363k | -0.0081 | -14.81 | 5.37M |
From Apr 2019 to Apr 2024
3 August 2016
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
CLAY LAKE-CLONTIBRET
HIGH GRADE GOLD INTERSECTIONS AND NEW GOLD ZONE
__________________________________________________________________
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 results from the first drillhole in its current drilling programme on its Clay Lake-Clontibret gold target in Ireland included high grade gold intersections of 1 metre at 15g/t gold and 1 metre at 8.4g/t gold and the discovery of a new gold bearing lode.
The drillhole was located at the Clontibret end of the Company’s Clay Lake-Clontibret gold target and was drilled to a downhole depth of 102 metres.
The drillhole intersected five gold bearing lodes including a new one. Four of the lodes were intersected at downhole depths from 32.5m, 45.5m, 50.75m and 75.75m with 1.5m at 1.0g/t Au, 1.5m at 5.6g/t Au (including 1.0m at 8.4g/t Au), 3.0m at 5.2g/t Au (including 1.0m at 15 g/t Au) and 4.0m at 3.5 g/t Au. A fifth intersection, of 1.25m at 2.9g/t Au from a downhole depth of 93.25m, intersected the new gold lode zone.
Professor Richard Conroy, Chairman, commented:
“I am delighted that the new drilling programme has already yielded such excellent results both at Glenish, where we recently intersected 4 new gold zones and now at the Company’s flagship Clay Lake-Clontibret gold target where we are targeting a multimillion oz gold resource”.
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.
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
Copyright st 2 PR Newswire
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