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Conroy Gold and Natural Resources Plc

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Summary

Project:

Clontibret

Deposit:Clay Lake
Location:Ireland
Commodities:Gold
Date:11/1/2018
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:1-11-2018: Conroy Gold and Natural Resources Plc announces an Exploration/Drilling Update report for its Clay Lake deposit at the Clontibret project. Drilling results incl. 52.0m @ 0.5g/t Au from 108.5m. The gold intersection extends for 150.5 metres at
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Not stated (n/a)
ABSTRACT: The gold intersection extends for 150.5 metres at 0.3g/t gold. This wide gold intersection adds to previous drilling and trenching results which suggest potential for high tonnage and overall gold content in the Clay Lake gold target. The intersection of 2 metres at 2.7 g/t gold at a downhole depth of 252 metres (199 metres vertical depth) is the deepest intersection to date on the Clay Lake gold target which remains open in all directions as well as to depth. This drill hole at the north eastern end of the Clay Lake gold target follows on a series of 10 drill holes in the Clontibret gold deposit and forms part of an overall drilling programme encompassing the 17km long gold district of the Clontibret - Clay Lake - Glenish gold target in the northeast of Company's licence area on which an updated exploration target of 8.8 million ounces gold (excluding the 517,000 ounce Clontibret deposit) has been estimated (announced by the Company on 2 August 2018). The drill hole also intersected elevated silver - 28.8 metres at 0.9g/t Ag from 112.5 metres suggesting the possibility of a different metallurgy from that seen in the Clontibret gold deposit.

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