Conroy Gold & Natural Resources Plc Gold bearing lodes within antimony mine workings

 
TIDMCGNR 
 
11 May 2017 
 
                     Conroy Gold and Natural Resources plc 
 
                          ("Conroy" or "the Company") 
 
               GOLD BEARING LODES WITHIN ANTIMONY MINE WORKINGS 
 
  * Mine Drift Cuts Across Four Gold Bearing Structures 
  * Intercepts in Lodes of 7.00g/t to 12.8g/t Gold 
  * Gold Over Widths of 3.00m to 10.00m 
  * Gold Mineralisation Recognised to be Older than Antimony Mineralisation 
 
      __________________________________________________________________ 
 
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 following gold assay data pertaining to the original antimony 
mine workings at Clontibret becoming available, it has been possible to relate 
the occurrence of four gold bearing lodes, within the 48m of the Tullybuck 
drift, in the historical underground workings. 
 
Gold assay data pertaining to the historical underground workings at the 
Clontibret deposit has recently become available.  The samples were collected 
by an Irish-Canadian company during the 1950s and comprise detailed channel 
samples of the back (roof) and walls of the drift and shafts.  Detailed 
surveyed sample maps and original 'signed off' assay sheets have been examined. 
 
Part of the initial historical underground development from the early 1800s 
comprised 80m of drifts that followed stibnite (antimony) veins. It is now 
recognised that the antimony mineralisation is younger than the gold 
mineralisation and is oriented in a more northerly direction. Although the 
underground antimony workings essentially followed a single stibnite vein, it 
is interpreted that the Tullybuck drift has cross cut four gold bearing 
structures. 
 
The Company has been able to relate its own geological mapping from the 
Clontibret stream, drilling data and the recently available assay data from the 
underground workings. The interpretation is that, within the 48m of underground 
development in the Tullybuck drift, the following gold bearing lodes occur. 
 
         Lode                  Width (m)            Grade (g/t Au) 
 
          30                     10.0                      7.0 
 
          33                       4.0                   12.8 
 
          34                       5.5                   12.0 
 
          35                       3.0                     9.8 
 
Examination of drilling in the vicinity of the Tullybuck workings supports this 
interpretation as an intercept 20m from the southern end of the Tullybuck drift 
comprised 30.4m grading 3.0 g/t Au including intercepts of 3.34m grading 13.1 g 
/t Au and 3.00m grading 10.5 g/t Au. 
 
The Company is also pleased to announce the appointment of Beaufort Securities 
Limited as its Corporate Broker. 
 
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: 
 
"I am delighted that this newly available historic data adds to and correlates 
so closely with our recent drilling and structural work at Clontibret and adds 
to our understanding of the gold deposit and its potential size and grade." 
 
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 
 
Virginia Bull / Nick Harriss / James Thomas 
 
Beaufort Securities (Broker)                             Tel 
                                                         [phone] 
 
Jon Belliss/ Elliot Hance, Beaufort Securities Limited 
 
IBI Corporate Finance Limited (ESM Adviser)              Tel: 
                                                         [phone] 
 
Ger Heffernan / Jan Fitzell 
 
Lothbury Financial Services                              Tel: 
                                                         [phone] 
 
Michael Padley 
 
Hall Communications                                      Tel: 
                                                         [phone] 
 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
 
END 
 

(END) Dow Jones Newswires

May 11, 2017 02:00 ET (06:00 GMT)