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Conroy Gold and Natural Resources Plc
Summary
| Project: | Glenish | |
|---|---|---|
| Deposit: | Glenish | |
| Location: | Ireland | |
| Commodities: | Gold | |
| Date: | 7/18/2016 | |
| Report Code: | (no code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2016: Conroy Gold and Natural Resources Plc announces an Exploration/Drilling Update report for its Glenish deposit at the Glenish project. Drilling results incl. 2.25m @ 2.65g/t Au from 18m. Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGN | |
| Resources: | x | |
| 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 that four new gold zones have been intersected in a drilling programme on its Glenish gold target in Ireland. The drilling results, together with previous channel sampling in the area which had proved 1.3 metres grading 9.4 g/t gold, demonstrated the presence of the four new gold zones in a 150 metre wide structural corridor in the western part of the Glenish gold target. The new drilling results included intersections of 2.25 metres grading 2.65 g/t gold, at a depth of 18 metres; 2.0 metres grading 1.59 g/t gold at a depth of 27.75 metres; 2.75 metres grading 1.43 g/t gold at a depth of 36 metres and 3 metres grading 1.76 g/t gold at a depth of 64.25 metres. The gold mineralisation in bedrock in the drilling area was traced down dip for over 70 metres and remains open in all directions. The Glenish gold target is a large, 147 hectare, gold-in-soil anomaly located 7.5km southwest of the Company’s Clay Lake-Clontibret gold target where the Company is targeting a potential of five million ounces of gold. | |
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