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Conroy Gold and Natural Resources Plc
Summary
| Project: | Clay Lake-Clontibret | |
|---|---|---|
| Deposit: | Clontibret | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | (no code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-9-2016: Conroy Gold and Natural Resources Plc announces an Exploration/Drilling Update report for its Clontibret deposit at the Clay Lake-Clontibret project. Drilling results incl. 5.75m @ 5.04g/t Au from 82m. Conroy Gold and Natural Resources plc (AIM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kevin McNulty (Internal) | |
| ABSTRACT: | Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold exploration and development company focused on Ireland and Finland, is pleased to announce the latest results from its drilling programme on the Clontibret gold deposit at the southwestern part of the Company’s Clay Lake - Clontibret gold property. High grades and wide intersections included 0.50m at 25.85 g/t gold in one of the already known gold zones and 5.75m grading 5.04 g/t gold in one of the newly discovered gold zones. Five new gold zones (lodes) were discovered during the latest drilling. Gold intersections were also made in four known gold zones in the area, confirming continuity of these lode zones. The deposit remains open to depth and in all directions. The drilling focused on upgrading, at this stage to a depth of 200m, an area where previous drilling had indicated the potential for significant widths and gold grades. Professor Richard Conroy, Chairman commented: “I am delighted at these latest excellent drilling results. The discovery of new gold zones, high grades and wide intersections of gold add further support that the Clay Lake – Clontibret Gold property could become a multi-million ounce deposit.” | |
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