16 June
2015
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
NEW GOLD
TARGET DISCOVERED IN COUNTY MONAGHAN,
IRELAND
-
New Discovery Located Within Existing
30 Mile (50Km) Gold Trend
-
Target Is An Extensive (700m by 300m)
Gold-in-Soil Anomaly
__________________________________________________________________
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
the discovery of an extensive (700m by 300m) gold-in-soil anomaly
near Rockcorry in County
Monaghan. The discovery lies approximately 7Km Southwest of
the Company’s Glenish gold target in Co.
Monaghan and 14Km South west of Clontibret where the Company
proposes to develop its first gold mine in the area.
The discovery is located within the 30 mile (50Km) gold trend
that the Company has outlined and its position, Southwest of the
Company’s Glenish gold target and Northeast of the Company’s Slieve
Glah gold target, adds further evidence as to the continuity of
this gold trend. This gold trend runs from County Armagh in Northern Ireland across Counties Monaghan and
Cavan in the Republic of Ireland.
The trend lies along the major geological structure known as the
Orlock Bridge Fault.
Four gold-in-soil samples in the anomaly were above 20ppb gold
and a further five above 10ppb gold. The anomaly will be further
investigated but from the Company’s experience such
levels of gold-in-soil samples have tended to be associated with
gold-in-bedrock. The anomaly remains open on its Northern
side.
This release has been approved by Kevin McNulty PGeo, who is a
member of the Company’s technical staff who 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:
“This discovery confirms the gold
potential of the Company’s licences in the area lying between the
Company’s existing gold targets to the Northwest at Clay Lake,
Clontibret, where a mine is being developed, and Glenish, as well
as those to the South at Slieve Glah.”
For further information please contact:
Conroy Gold and
Natural Resources plc |
Tel:
+353-1-661-8958 |
Professor Richard
Conroy, Chairman |
|
Sanlam Securities
UK Limited (Nomad) |
Tel:
+44-20-7628-2200 |
Virginia Bull/Simon
Clements |
|
Hybridan LLP
(Broker) |
Tel:
+44-20-3713-4580 |
Claire Louise
Noyce/Niall Pearson/William Lynne |
|
IBI Corporate
Finance Limited (ESM Adviser) |
Tel:
+353-766-234-800 |
Ger Heffernan / Jan
Fitzell |
|
Lothbury Financial
Services |
Tel:
+44-20-3290-0707 |
Michael Padley |
|
Hall
Communications |
Tel:
+353-1-660-9377 |
Don Hall |
|
Visit the website at:
www.conroygold.com