Conroy Gold & Natural Resources Plc Exploration and Business Update

 
TIDMCGNR 
 
20 March 2019 
 
                     Conroy Gold and Natural Resources plc 
 
                       ("Conroy Gold" or "the Company") 
 
                        Exploration and Business Update 
 
Conroy Gold and Natural Resources plc (AIM:CGNR), the gold exploration and 
development company focused on Ireland and Finland, is pleased to announce that 
its 2019 drill programme will commence shortly on the 65 km (40 mile) gold 
trend that the Company has discovered in the Longford-Down Massif in Ireland 
where the Company has, at Clontibret, a JORC resource of 517,000 oz Au and 
estimated in the overall Clontibret, Clay Lake, Glenish area, an Exploration 
Target of a further 8.8M oz Au (as previously announced by the Company on 2 
August 2018). 
 
The 2019 drill programme will initially focus on the South Western, or Slieve 
Glah area, of the gold trend, approximately 40 km southwest of Clontibret. This 
is both to follow up on encouraging deep overburden and trenching results and 
to fulfil work commitments on the relevant licences. 
 
At Slieve Glah the Orlock Bridge Fault, a major geological structure along 
which the gold trend lies, undergoes a significant strike swing. Such strike 
swings can act as focal points for mineralisation and gold-in-soil geochemistry 
suggests that there are a series of large (3km long) gold targets. 
 
Slieve Glah is regarded by the Company as a large and very promising target 
area which adds further to the prospectivity of the Company's 700km2 licence 
area. 
 
Conroy Gold is also pleased that the Company's booth at the 2019 Prospectors 
and Developers Association Conference ("PDAC") attracted a high degree of 
interest from representatives of the mining industry who were not only made 
aware of the Company's major gold prospects in Ireland but also of the 
Company's openness to joint venture discussions. 
 
The Irish Minister for Mines, Mr. Sean Canney T.D., who attended the 
Conference, visited the Company's booth accompanied by members of his 
department. Minister Canney confirmed the Irish Government's positive attitude 
towards mining. 
 
Ireland now ranks 4th for mining policy perception in the prestigious Fraser 
Institute Ratings. 
 
The Company also gave a presentation at the Conference. A copy of this 
presentation is available on the Company's website at http:// 
www.conroygoldandnaturalresources.com/sites/default/files/ 
Conroy%20Gold%20Presentation%20PDAC%202019.pdf 
 
Professor Richard Conroy, Chairman of Conroy Gold, commented: 
 
"Following on from the excellent results of the 2018 drilling programme, I look 
forward to the new 2019 drill programme. 
 
I was extremely pleased at the degree of interest shown by the industry in the 
Company at the recent PDAC mining conference. I also look forward to possible 
joint venture initiatives arising from our presence at the conference." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                Tel: [phone] 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                      Tel: [phone] 
 
Nick Athanas/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 
 

(END) Dow Jones Newswires

March 20, 2019 03:00 ET (07:00 GMT)