Conroy Gold & Natural Resources Plc Exploration and Business Update
20 March 2019 - 6:00PM
UK Regulatory
TIDMCGNR
20 March 2019
Conroy Gold and Natural Resources plc
("Conroy Gold" or "the Company")
Exploration and Business Update
Conroy Gold and Natural Resources plc (AIM:CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce that
its 2019 drill programme will commence shortly on the 65 km (40 mile) gold
trend that the Company has discovered in the Longford-Down Massif in Ireland
where the Company has, at Clontibret, a JORC resource of 517,000 oz Au and
estimated in the overall Clontibret, Clay Lake, Glenish area, an Exploration
Target of a further 8.8M oz Au (as previously announced by the Company on 2
August 2018).
The 2019 drill programme will initially focus on the South Western, or Slieve
Glah area, of the gold trend, approximately 40 km southwest of Clontibret. This
is both to follow up on encouraging deep overburden and trenching results and
to fulfil work commitments on the relevant licences.
At Slieve Glah the Orlock Bridge Fault, a major geological structure along
which the gold trend lies, undergoes a significant strike swing. Such strike
swings can act as focal points for mineralisation and gold-in-soil geochemistry
suggests that there are a series of large (3km long) gold targets.
Slieve Glah is regarded by the Company as a large and very promising target
area which adds further to the prospectivity of the Company's 700km2 licence
area.
Conroy Gold is also pleased that the Company's booth at the 2019 Prospectors
and Developers Association Conference ("PDAC") attracted a high degree of
interest from representatives of the mining industry who were not only made
aware of the Company's major gold prospects in Ireland but also of the
Company's openness to joint venture discussions.
The Irish Minister for Mines, Mr. Sean Canney T.D., who attended the
Conference, visited the Company's booth accompanied by members of his
department. Minister Canney confirmed the Irish Government's positive attitude
towards mining.
Ireland now ranks 4th for mining policy perception in the prestigious Fraser
Institute Ratings.
The Company also gave a presentation at the Conference. A copy of this
presentation is available on the Company's website at http://
www.conroygoldandnaturalresources.com/sites/default/files/
Conroy%20Gold%20Presentation%20PDAC%202019.pdf
Professor Richard Conroy, Chairman of Conroy Gold, commented:
"Following on from the excellent results of the 2018 drilling programme, I look
forward to the new 2019 drill programme.
I was extremely pleased at the degree of interest shown by the industry in the
Company at the recent PDAC mining conference. I also look forward to possible
joint venture initiatives arising from our presence at the conference."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Nick Athanas/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
END
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