14 June
2018
Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)
EXPANDED DRILL
PROGRAMME AT CLONTIBRET GOLD DEPOSIT
Conroy Gold and Natural Resources
plc (AIM: CGNR) the gold exploration and development company
focused on Ireland and
Finland, is pleased to provide an
update for shareholders in respect of the Company’s Clontibret gold
deposit.
This update relates to the drill programme commenced at
Clontibret gold deposit as announced on 12
February 2018, with an intention to drill 1,000 metres to
target an increased resource and to increase the existing JORC
Indicated Resource of the known deposit.
The Company announced the discovery of additional extensive gold
zones on 26 February 2018 and
30 April 2018, with wide mineralised
intersections reported and with grades of up to 24g/t gold.
Following these very positive results the Company decided to
increase the meterage drilled by c.70% to over 1,700 metres. Work
is ongoing on this additional drilling and the Company will update
the market as new findings are confirmed.
Analysis of drill results and geotechnical studies is continuing
and we await assay results from the latter stages of the revised
drill programme.
Professor Richard Conroy,
Chairman of Conroy Gold
commented: “We decided to materially increase the drilling
meterage at Clontibret following the recent positive drilling
results.
The scale of the opportunity at Clontibret and indeed the 60km
mineralised gold trend across the Longford Down Massif is quite
substantial, therefore, we will be focusing initially on building
our mineral resource at Clontibret which currently stands at just
over 500,000 ounces. We look forward to updating the market with
results in the near future and the Board is very enthusiastic that
it now has reached the “drill ready” phase across its properties
with a view to building a multi-million ounce resource in a first
class mining country.
We will provide further updates for shareholders across all
areas of our operations in the near future, in what is a
particularly exciting time for the Company.”
Contacts:
Conroy Gold and Natural
Resources plc
Tel: +353-1-479-6180
Professor Richard Conroy,
Chairman
Allenby Capital Limited (Nomad)
Tel: +44-20-3328-5656
Virginia Bull / Nick Harriss
Brandon Hill Capital Limited (Broker)
Tel:
+44-20-3463-5000
Jonathan Evans
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