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Conroy Gold and Natural Resources Plc
Summary
| Project: | Clontibret | |
|---|---|---|
| Deposit: | Clontibret | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 2/26/2018 | |
| Report Code: | (no code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Conroy Gold and Natural Resources Plc announces an Exploration/Drilling Update report for its Clontibret deposit at the Clontibret project. Drilling results incl. 5m @ 6.11g/t Au from 49.5m. Conroy Gold and Natural Resources plc (AIM: CGNR), is | |
| Resources: | (Resource): 517Koz Au contained at Clonbriet | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Conroy Gold and Natural Resources plc (AIM: CGNR), is pleased to report the discovery of an extensive gold zone from the first drill hole completed on the Company’s 100% owned Clontibret gold deposit. The results below are in respect of a new 1,000 metre drill campaign announced by the Company on 12 February 2018. This drill campaign is focused on the Clontibret gold deposit in the south west of the Clay Lake-Clontibret gold target where a JORC compliant resource of 517,000 ounces of gold has already been defined on 20% of the Clontibret gold target. 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 delighted at these excellent drilling results, including both high grades and wide intersections. Our technical work on the deposit had identified the Tullybuck antimony mine area as a key target for next stage gold focused drilling and the results confirm the effectiveness of our team’s pre-drilling technical review. In the context of the Clontibret deposit where we already have a JORC compliant resource of 517,000 ounces of gold from just 20% of the single target tested, results of this nature are exceptional. | |
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