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Conroy Gold and Natural Resources Plc
Summary
| Project: | Clontibret | |
|---|---|---|
| Deposit: | Clontibret | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 4/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-4-2018: Conroy Gold and Natural Resources Plc announces an Exploration/Drilling Update report for its Clontibret deposit at the Clontibret project. Drilling results incl. 3.9m @ 9.2g/t Au from 50.0m. Conroy Gold and Natural Resources plc (AIM: CGNR), i | |
| Resources: | (Resource): 4.9Mt @ 2.0g/t Au for 320koz (Ind.) 3.09Mt @ 2.0g/t Au for 197koz (Inf.) contained | |
| CP/QP: | [Overall Report]: Kevin McNulty (Internal) | |
| ABSTRACT: | Conroy Gold and Natural Resources plc (AIM: CGNR), is pleased to report the discovery of a further extensive gold zone from the ongoing drilling programme on the Company’s 100% owned Clontibret gold deposit where a previous gold zone was discovered 30 metres below an historic antimony mine (announced 26 February 2018). The results below are in respect of the 1,000 metre drill campaign announced by the Company on 12 February 2018. This drill programme is focused on the Clontibret gold deposit 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 additional excellent drilling results which include both high grades and wide intersections. Our technical work on the deposit had identified the historic Tullybuck antimony mine area as a key target and these 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 gold-in-soil target tested, these further results are excellent and the confirmation of a further extensive gold zone 30 metres to the south of the historic Tullybuck antimony mine builds significantly on what we have previously identified. The team is delighted with this gold zone discovery and what it means for the Clontibret deposit and our Company as a whole.” | |
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