Conroy Gold & Natural Resources Plc New gold zones intersected in Glenish drilling

 
TIDMCGNR 
 
18 July 2016 
 
                     Conroy Gold and Natural Resources plc 
 
                          ("Conroy" or "the Company") 
 
                NEW GOLD ZONES INTERSECTED IN GLENISH DRILLING 
 
  * Gold Zones Lie within 150 Metre Wide Structural Corridor 
 
  * Gold Mineralisation in Bedrock Traced Down Dip for over 70 metres and 
    Remains Open in All Directions 
 
  * Gold in Bedrock Confirms the Extensive Gold-in-Soil Anomaly 
 
        __________________________________________________________________ 
 
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 four new gold zones have been intersected in a drilling 
programme on its Glenish gold target in Ireland. 
 
The drilling results, together with previous channel sampling in the area which 
had proved 1.3 metres grading 9.4 g/t gold, demonstrated the presence of the 
four new gold zones in a 150 metre wide structural corridor in the western part 
of the Glenish gold target. 
 
The new drilling results included intersections of 2.25 metres grading 2.65 g/t 
gold, at a depth of 18 metres; 2.0 metres grading 1.59 g/t gold at a depth of 
27.75 metres; 2.75 metres grading 1.43 g/t gold at a depth of 36 metres and 3 
metres grading 1.76 g/t gold at a depth of 64.25 metres. 
 
The gold mineralisation in bedrock in the drilling area was traced down dip for 
over 70 metres and remains open in all directions. 
 
The Glenish gold target is a large, 147 hectare, gold-in-soil anomaly located 
7.5km southwest of the Company's Clay Lake-Clontibret gold target where the 
Company is targeting a potential of five million ounces of gold. 
 
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: 
 
"The newly discovered gold zones significantly upgrade the potential of the 
Glenish gold target, which is close to our already established Clay Lake- 
Clontibret gold target, and further enhances the prospectivity of the Company's 
gold licences in Ireland". 
 
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 
 
Hybridan LLP (Broker)                                    Tel: [phone] 
                                                         2341 
 
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

July 18, 2016 02:00 ET (06:00 GMT)