8 January 2013
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
Initial Results of Metallurgical Test Work Positive
Conroy Gold and Natural Resources
plc (AIM:CGNR; ESM:CGNR.I), the gold exploration and development
company focused on Ireland where
it plans to develop a gold mine at Clontibret in Co. Monaghan, is pleased to announce that the
first results of the Metallurgical test work have been received and
were positive.
These results relate to the Comminution test work being
undertaken by Goldfields Limited ("Goldfields") including grinding,
crushing and other factors in relation to mill design. The test
work undertaken included Bond Rod Work Index (BRWi), Bond Ball Work
Index (BBWi), Bond Abrasion Work Index (Ai) and SAG Mill
Comminution Test (SMC). The latter was carried out on behalf of
Goldfields by JKTech which specialises in SAG Mill techniques.
The Abrasion Index was lower than anticipated and the ore is
harder. The test sample was classified in the SMC test by JK Tech
as being moderately hard.
The results suggest that either a combination of Semi-Autonomous
Grind ("SAG")/ Ball Mill or "HPGR"/Ball Mill or a larger Ball Mill
for the process plant be considered. Preliminary indications are
that a "SAG"/Ball Mill combination may be the preferred choice.
Commenting today, Chairman, Professor Richard Conroy said:
"We are delighted to receive the first results of the
Metallurgical studies. This is a further important step inour
planned development of a gold mine at Clontibret in Co.
Monaghan.Thetest work is continuingand these resultson the
Comminution studieswill be followed by results from theFlotation
test work."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Merchant Securities Limited (Nomad) Tel:
+44-20-7628-2200
Simon Clements/Virginia Bull
Hybridan LLP (Joint Broker) Tel:
+44-20-7947-4350
Claire Noyce/Deepak Reddy
Shore Capital Stockbrokers Limited (Joint Broker) Tel:
+44-20-7408-4050
Jerry Keen/Bidhi Bhoma/Toby Gibbs
IBI Corporate Finance Limited (ESM Adviser) Tel:
+353-766-234-800
Brian Farrell
Lothbury Financial Services Limited Tel:
+44-20-3440-7620
Michael Padley/Michael Spriggs
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygoldandnaturalresources.com