Conroy Gold & Natural Resources Plc Clontibret Drilling Update

 
TIDMCGNR 
 
30 April 2018 
 
                     Conroy Gold and Natural Resources plc 
 
                          ("Conroy" or "the Company") 
 
     DISCOVERY OF FURTHER EXTENSIVE GOLD ZONE - CLONTIBRET DRILLING UPDATE 
 
Conroy Gold and Natural Resources plc (AIM: CGNR), is pleased to report the 
discovery of a further extensive gold zone from the ongoing  drilling programme 
on the Company's 100% owned Clontibret gold deposit where a previous gold zone 
was discovered 30 metres below an historic antimony mine (announced 26 February 
2018). 
 
The results below are in respect of the 1,000 metre drill campaign announced by 
the Company on 12 February 2018.  This drill programme is focused on the 
Clontibret gold deposit where a JORC compliant resource of 517,000 ounces of 
gold has already been defined on 20% of the Clontibret gold target. 
 
Highlights: 
 
  * Drilling completed successfully on a further three holes designed to test 
    the extent of gold mineralisation to the south of the historic Tullybuck 
    antimony mine, giving a total of four holes to date. 
 
  * An extensive gold zone 30 metres to the south of the Tullybuck antimony 
    mine has been identified during drilling. 
 
  * High grades include up to 21.6g/t gold and wide intersections include up to 
    3.9 metres at 9.2g/t gold. 
 
  * Results confirm the drill holes intersected 16 gold lodes. 
 
  * Drilling and analysis of the results continue and the Company will update 
    the market as additional findings are confirmed. 
 
This release has been approved by Kevin McNulty PGeo, who is a member of the 
Company's technical staff and 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 
additional excellent drilling results which include both high grades and wide 
intersections. 
 
Our technical work on the deposit had identified the historic Tullybuck 
antimony mine area as a key target and these results confirm the effectiveness 
of our team's pre-drilling technical review. 
 
In the context of the Clontibret deposit where we already have a JORC compliant 
resource of 517,000 ounces of gold from just 20% of the gold-in-soil target 
tested, these further results are excellent and the confirmation of a further 
extensive gold zone 30 metres to the south of the historic Tullybuck antimony 
mine builds significantly on what we have previously identified.  The team is 
delighted with this gold zone discovery and what it means for the Clontibret 
deposit and our Company as a whole." 
 
Further news will follow on the current drill programme in the near term. 
 
Further Information 
 
Drilling highlights include: 
 
CDG-18-04 
 
  * 3.9m grading 9.2g/t gold at a depth of 50.0m (including 1.2m at 21.6g/t 
    gold). 
  * 0.5m grading 6.3g/t gold at a depth of 76.9m 
  * 1.3m grading 1.9g/t gold at a depth of 91.0m 
 
CDG-18-03 
 
  * 4.4m grading 1.4g/t gold at a depth of 105.6m 
  * 0.5m grading 1.4g/t gold at a depth of 35.5m 
 
CDG-18-02 
 
  * 1.5m grading 3.1g/t gold at a depth of 51.0m 
  * 0.5m grading 8.4g/t gold at a depth of 21.5m 
 
Drill hole objectives and outcomes: 
 
The drill holes were designed to test the extent of gold mineralisation to the 
south of the antimony mine in which high grade gold lodes had been indicated by 
channel samples in the historic Tullybuck antimony mine and where an extensive 
gold zone was discovered 30 metres below the antimony mine (announced 26 
February 2018). A further extensive gold zone to the south of the antimony mine 
has been identified which included an intersection of 1.2 metres at 21.6g/t 
gold. 
 
The drill holes, totalling 461.8 metres in length, intersected 16 gold lodes in 
total. 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                    Tel: 
                                                         [phone] 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                          Tel: 
                                                         [phone] 
 
Virginia Bull/Nick Harriss 
 
Brandon Hill Capital Limited (Broker)                    Tel: 
                                                         [phone] 
 
Jonathan Evans 
 
Lothbury Financial Services                              Tel: 
                                                         [phone] 
 
Michael Padley 
 
Hall Communications                                      Tel: 
                                                         [phone] 
 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
 
END 
 

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April 30, 2018 02:00 ET (06:00 GMT)