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Conroy Gold and Natural Resources Plc
Summary
| Project: | Clontibret | |
|---|---|---|
| Deposit: | Clontibret | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 7/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-7-2017: Conroy Gold and Natural Resources Plc announces a Resource Estimation report for its Clontibret deposit at the Clontibret project. Updated mineral resource for Clontibret. Conroy Gold and Natural Resources plc (AIM: CGNR; ESM: CGNR.I) the gold | |
| Resources: | (Resource): 4.9Mt @ 2.0g/t Au for 320koz (Ind.) 3.09Mt @ 2.0g/t Au for 197koz (Inf.) contained | |
| CP/QP: | [Resources]: Robert Davies (Independent) | |
| 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 that it has received an Updated Mineral Resource Estimate prepared by Tetra Tech Canada Inc. (“Tetra Tech”) on its wholly owned Clontibret gold project in Co. Monaghan, Ireland. The new resource estimate was developed to Joint Ore Reserves Committee (“JORC”) standard and represents a detailed geological revision and update on the scoping study previously undertaken by Tetra Tech (2011). Prof. Garth Earls EurGeol, PGeo, FSEG, Conroy’s Consultant Geologist, in association with Conroy Senior Geologists Kevin McNulty, EurGeol, PGeo, FSEG and Andrew Murrells EurGeol, PGeo re-interpreted the geology to include the latest drilling and to improve the continuity in the correlation of the mineralised lodes. This information was used as a basis for the new Resource Estimate completed by independent mining consultants, Tetra Tech. The new Resource Estimate for the Clontibret project is being disclosed in accordance with Joint Ore Reserves Committee (JORC) 2012. The estimate includes 85 diamond drillholes, with a drill spacing typically ranging from 25 to 50 m (see JORC Table 1 below). The Company provided Tetra Tech with a coded drillhole database and sectional interpretations to guide the wireframe model construction. In total 46 individual lodes and a stockwork body were identified by Conroy. The lodes generally have a north / south strike, dipping to the west at between 60 and 70 degrees. The strike of the stockwork zone trends north east / south west, dipping to the north west at approximately 50 degrees. The mineralised lodes penetrate into the stockwork body, terminating against the footwall of the stockwork (Figure 1). | |
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