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Conroy Gold and Natural Resources Plc
Summary
| Project: | Clay Lake-Clontibret | |
|---|---|---|
| Deposit: | Clontibret | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | (no code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-11-2016: 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. 5.50m @ 4.1g/t Au from 11.25m. Conroy Gold and Natural Resources plc (A | |
| 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 further results from its recent drilling programme on the Clontibret deposit at the southwestern part of the Company’s Clay Lake - Clontibret gold target. The results extended a known gold zone within the Company’s resource model where a JORC compliant resource estimate using a minimum mining width of 2 metres and a cut-off grade of 0.6g/t gold has over 600,000 ounces gold at 1.6g/t gold. The drilling extended this gold zone 30m along strike to the south of its previous extent as well as confirming continuity of other known gold zones. High grades and wide intersections included 0.25m at 35.4 g/t gold and 5.50m grading 4.1 g/t gold overall in this extended gold zone. This drilling focused on further upgrading the interpretation in an area where previous drilling had indicated the potential for significant width and gold grades. | |
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