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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Conroy Gold & Natural Resources Plc | LSE:CGNR | London | Ordinary Share | IE00BZ4BTZ13 | ORD EUR0.001 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.20 | 1.77% | 11.50 | 11.00 | 12.00 | 11.50 | 11.30 | 11.30 | 75,000 | 09:13:45 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 257k | -363k | -0.0081 | -14.20 | 5.15M |
From Apr 2019 to Apr 2024
14 June 2018
Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)
EXPANDED DRILL PROGRAMME AT CLONTIBRET GOLD DEPOSIT
Conroy Gold and Natural Resources plc (AIM: CGNR) the gold exploration and development company focused on Ireland and Finland, is pleased to provide an update for shareholders in respect of the Company’s Clontibret gold deposit.
This update relates to the drill programme commenced at Clontibret gold deposit as announced on 12 February 2018, with an intention to drill 1,000 metres to target an increased resource and to increase the existing JORC Indicated Resource of the known deposit.
The Company announced the discovery of additional extensive gold zones on 26 February 2018 and 30 April 2018, with wide mineralised intersections reported and with grades of up to 24g/t gold.
Following these very positive results the Company decided to increase the meterage drilled by c.70% to over 1,700 metres. Work is ongoing on this additional drilling and the Company will update the market as new findings are confirmed.
Analysis of drill results and geotechnical studies is continuing and we await assay results from the latter stages of the revised drill programme.
Professor Richard Conroy, Chairman of Conroy Gold commented: “We decided to materially increase the drilling meterage at Clontibret following the recent positive drilling results.
The scale of the opportunity at Clontibret and indeed the 60km mineralised gold trend across the Longford Down Massif is quite substantial, therefore, we will be focusing initially on building our mineral resource at Clontibret which currently stands at just over 500,000 ounces. We look forward to updating the market with results in the near future and the Board is very enthusiastic that it now has reached the “drill ready” phase across its properties with a view to building a multi-million ounce resource in a first class mining country.
We will provide further updates for shareholders across all areas of our operations in the near future, in what is a particularly exciting time for the Company.”
Contacts:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Virginia Bull / Nick Harriss
Brandon Hill Capital Limited (Broker) Tel: +44-20-3463-5000
Jonathan Evans
Lothbury Financial Services Tel: +44-20-3290-0707
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
Copyright e 13 PR Newswire
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