Conroy Gold & Natural Resources Plc Clontibret Drilling Results

 
TIDMCGNR 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
        OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
                                                                 6 October 2022 
 
                     Conroy Gold and Natural Resources plc 
 
                       ("Conroy Gold" or "the Company") 
 
                          CLONTIBRET DRILLING RESULTS 
 
                GOLD ZONE OF OVER 33M INTERSECTED IN STOCKWORK 
 
  * 33.2m at 0.8 g/t gold including 8.0m at 1.2 g/t gold 
 
  * Grades up to 2.3 g/t gold intersected 
 
  * Further continuity of Stockwork gold mineralisation demonstrated 
 
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and 
development company focused on Ireland and Finland, is pleased to announce 
assay results from the fourth drill hole of the eight-hole, c.3,000m, drilling 
programme on its Clontibret gold deposit in Ireland. A 33.2m gold zone has been 
intersected within the Stockwork, grading 0.8 g/t gold. The drilling programme 
is being carried out in conjunction with the Company's joint venture partner, 
Demir Export A.? ("Demir Export"). 
 
Drill hole number 4 reached a targeted down hole depth of 136m, at an inclined 
angle (-60 Degrees). The drill hole intersected gold mineralisation in the 
stockwork at a down hole depth of 91.8m (vertical depth of 79m). The gold 
mineralisation extended to a down hole depth of 125.0m (including 8.0m @ 1.2 g/ 
t Au from 96.0m). 
 
The number 4 drillhole was located 100m up dip from drillhole TW001, one of the 
drill holes from Demir Export's due diligence drilling as announced on 21 
February 2022 which encountered the widest gold intercept yet drilled at 
Clontibret - 94.5m grading 1.0 g/t Au (including 45m grading 1.5 g/t Au). 
 
The presence in drillhole 4 of a further intersection of wide gold 
mineralisation in the stockwork, 100m away from the wide gold intersection in 
TW001, demonstrates the continuity of gold mineralisation in the stockwork in 
this area. 
 
Further announcements will be made as the drilling programme progresses. 
 
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 very pleased with these results from drillhole 4. They confirm the 
presence in the stockwork of significant widths of over 30m of gold 
mineralisation, together with gold grades of up to 2.3g/t. The earlier results 
on holes 1-3 showed 18 gold intersections, four new zones to the north-east of 
the existing Clontibret target, with significant intersections made. 
 
The results from hole 4, in conjunction with those from the first three 
drillholes, indicate the potential for high tonnage and overall gold content 
within the stockwork gold zone in addition to the known gold content of the 
lode zones. The drill programme so far has significantly extended the stockwork 
continuity, added new gold lodes and, most importantly, it has further enhanced 
our understanding of the ore body, which we are confident remains open along 
strike and at depth." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                Tel: [phone] 
 
Professor Richard Conroy, Chairman 
 
                                                     Tel: [phone] 
Allenby Capital Limited (Nomad) 
 
Nick Athanas/Nick Harriss 
 
 
First Equity Limited (Broker)                        Tel: [phone] 
Jason Robertson 
 
Lothbury Financial Services                          Tel: [phone] 
 
Michael Padley 
 
                                                     Tel: [phone] 
Hall Communications 
 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 06, 2022 02:00 ET (06:00 GMT)