Conroy Gold & Natural Resources Plc Result of AGM

 
TIDMCGNR 
 
9 December 2016 
 
                     Conroy Gold and Natural Resources plc 
 
                          ("Conroy" or "the Company") 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
                                 AGM STATEMENT 
 
At today's Annual General Meeting of Conroy Gold and Natural Resources plc 
(AIM: CGNR, ESM: CGNR.I), the gold exploration and development company focused 
on Ireland and Finland, the Chairman, Professor Richard Conroy, made the 
following comments: 
 
"This year has seen further excellent progress for your Company.  Excellent 
drilling results have been reported for Clontibret together with structural 
studies confirming continuity of the gold lodes - an essential step for mine 
development.  A Scoping Study prepared by independent consultants Tetra Tech 
Wardrop has demonstrated that the established JORC compliant resource of over 
0.6 million oz Au (Gold), at Clontibret, on 20% of the target area, is 
technically and financially viable. 
 
"Additionally the Clontibret gold deposit and the adjacent Clay lake gold 
target have now been brought together as a single mining project with a 
multi-million ounce gold resource targeted. 
 
"The excellent drilling results at Clontibret included high grade gold and wide 
intersections. 
 
These included 2.25m grading 10.47 g/t gold, including 0.50m grading 25.85 g/t 
gold and 5.75m grading 5.04 g/t gold together with the discovery of five new 
gold zones. 
 
"Gold lode continuity at Clontibret was confirmed by structural studies by 
independent geologist Dr Francis Murphy.  This new study complemented your 
Company's ongoing drilling programme and is a further major step forward with 
your Company's plans for development at Clay Lake - Clontibret. 
 
"The Clay Lake target has been shown by gold-in-soil studies to be 
approximately 3km in length, up to 2km in width and to have a surface area of 
over 200 hectares (c500 acres).  The results of structural studies and wide 
zones of gold mineralisation by drilling and trenching already reported 
indicate the potential for high tonnage and overall gold content at Clay Lake. 
 
"A quantitative risk assessment by consultant geologist Professor Garth Earls, 
who has now joined your Company as a director, has established an initial 
combined exploration target of five million ounces of gold across the Clay Lake 
- Clontibret project. 
 
"We have also continued work at other sites and four new gold zones were 
intersected on the Glenish property. 
 
"This year we will continue to develop the mine plan at Clontibret whilst also 
increasing the resource." 
 
All resolutions were duly passed. 
 
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

December 09, 2016 06:54 ET (11:54 GMT)