Conroy Gold & Natural Resources Plc New Gold Zones, High Grade Gold

 
TIDMCGNR 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
                          (EU) No. 596/2014 ("MAR"). 
 
                                                              22 September 2016 
 
                     Conroy Gold and Natural Resources plc 
 
                          ("Conroy" or "the Company") 
 
  NEW GOLD ZONES, HIGH GRADE GOLD AND WIDE INTERSECTIONS IN LATEST CLONTIBRET 
                               DRILLING RESULTS 
 
  * Five New Gold Zones Intersected 
  * High Grades Include 25.85 g/t gold over 0.50m 
  * Wide Intersections Include 5.75m grading 5.04 g/t gold 
 
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 the latest results from its drilling programme on the Clontibret 
gold deposit at the southwestern part of the Company's Clay Lake - Clontibret 
gold property. 
 
High grades and wide intersections included 0.50m at 25.85 g/t gold in one of 
the already known gold zones and 5.75m grading 5.04 g/t gold in one of the 
newly discovered gold zones. 
 
Five new gold zones (lodes) were discovered during the latest drilling. Gold 
intersections were also made in four known gold zones in the area, confirming 
continuity of these lode zones. The deposit remains open to depth and in all 
directions. 
 
The drilling focused on upgrading, at this stage to a depth of 200m, an area 
where previous drilling had indicated the potential for significant widths and 
gold grades. Intercepts drilled included; 
 
  * 5.00m grading 2.87 g/t gold (39m depth; New Lode 'A') 
  * 0.45m grading 3.28 g/t gold (70m depth; New Lode 'C') 
  * 5.75m grading 5.04 g/t gold (82m depth; New Lode 'D') 
  * 2.25m grading 10.47 g/t gold (96m depth Known Lode) including 
 
0.50m grading 25.85 g/t gold 
 
  * 1.25m grading 3.21 g/t gold (157m depth; Known Lode) 
  * 1.25m grading 2.40 g/t gold (187m depth; New Lode 'E') 
 
(Only intercepts greater than 1 g/t gold over a 1m interval are presented). 
 
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 at these latest excellent drilling results. The discovery of 
new gold zones, high grades and wide intersections of gold add further support 
that the Clay Lake - Clontibret Gold property could become a multi-million 
ounce deposit." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                          Tel: [phone] 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                                Tel: [phone] 
 
David Hart/James Thomas/Nick Harriss 
 
Hybridan LLP (Broker)                                          Tel: [phone] 
 
Claire Louise Noyce/Niall Pearson/William Lynne 
 
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

September 22, 2016 02:00 ET (06:00 GMT)