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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conroy Diam&Gld | LSE:CDG | London | Ordinary Share | IE0002163354 | ORD EUR0.03 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
DECEMBER 8, 2006 Conroy Diamonds and Gold Plc ("The Company") CONROY OUTLINES EXTENSIVE GOLD TARGET IN FINLAND * Gold-in-Soil Values Up To 117ppm In Linear Anomaly Over 750m Long * New Find Within Sodankyla Area Of Central Lapland Greenstone Belt * Sampling Also Returns High Levels Of Chrome And Nickel Conroy Diamonds and Gold Plc (AIM: CDG) is pleased to announce the discovery of an extensive gold-bearing area following soil sampling on its recently acquired Sodankyla licences in the Central Lapland Greenstone belt in Finland. These licences are additional to the nine claims in the same greenstone belt which were acquired from Conroy Plc at the beginning of last month. The Company says sampling over a wide area at Sodankyla has outlined a shallow gold-in-soil linear anomaly measuring over 750m by 300m, with values ranging up to 117ppb gold compared with a background of 10ppb. It also returned elevated chrome values of up to 2,270ppm (0.23p.c.), together with some elevated nickel values. A drilling programme is now being planned to test the extent of the gold mineralisation within the area and to further investigate the elevated chrome and nickel values. The company has also been granted a claim reservation covering a further 9km2 in the Sodankyla area. Commenting on the discovery chairman, Professor Richard Conroy, said: "This is early confirmation that there are indeed exciting gold exploration opportunities in this area of Finland, a mining-friendly country with a rapidly growing gold mining and exploration industry. We are very encouraged by our early success in this new area and look forward building on it as the programme develops." Studies by the Geological Survey of Finland have highlighted the high potential for gold mineralisation within the Central Lapland Greenstoen Belt where Canada's Agnico-Eagle Mines Ltd is currently developing its +2m ounces Suurikuusikko gold deposit. This release has been approved by the Company's technical staff who include, Kevin McNulty, who holds a BSc in geosciences and an MSc in remote sensing, in accordance with the recent Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects. Further Information: Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel: 00-353-1-661-8958 Charles Dampney, City Capital Securities Ltd. Tel: 020-7822-7107 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 Visit website at: www.conroydiamondsandgold.com Conroy Share Price END
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