TIDMCGNR 
 
4 May 2022 
 
                     Conroy Gold and Natural Resources plc 
                       ("Conroy Gold" or "the Company") 
 
                        DRILLING UNDERWAY AT CLONTIBRET 
 
  * Initial eight drill hole, 3,000m, programme 
 
  * Drilling targeted to extend both Stockwork and Lode Gold Mineralisation 
 
  * Programme designed and agreed with joint venture partner 
 
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and 
development company focused on Ireland and Finland, is pleased to announce the 
commencement of a drilling programme of c.3,000m on its Clontibret gold target 
in Ireland, in conjunction with its Joint Venture partner, Demir Export A.?. 
("Demir Export"). The drilling programme commenced at the end of April in line 
with the details set out in the announcement made by the Company on 14 March 
2022. 
 
The drilling programme is part of the ?4.5 million earn-in work programme of 
the first phase of the joint venture with Demir Export. The objective of the 
joint venture is to further explore and develop the new district scale gold 
trend which Conroy Gold has discovered along the Longford-Down Massif in 
Ireland. 
 
The initial c. 3,000m drill programme, consisting of eight drill holes, is 
focused on the Clontibret gold target. The programme has the objective of 
extending the eastern gold Lodes and the Stockwork gold mineralisation, both of 
which are open in all directions and to depth. Seven of the drill holes are 
step-out. One hole is targeting an up-dip gold mineralisation zone. 
 
All of the drill holes are planned to intersect the Stockwork. The drilling is 
projected to increase the Stockwork gold mineralisation to the northeast and 
also to extend the depth of the Stockwork. 
 
Three of the drill holes are focused primarily on the eastern Lodes of the 
Clontibret gold resource, with a view to extending these Lodes to the north. 
The Board believe that these drill holes also have potential for the discovery 
of new Lodes. 
 
The drilling will step-out from the known gold mineralisation, in both the 
Stockwork and eastern Lodes in the deposit, which will further enhance the 
Company's technical understanding of the Clontibret gold target. 
 
Professor Richard Conroy, Chairman, commented: 
 
"We are very pleased that this initial 3,000m drill programme has commenced, in 
conjunction with our joint venture partner Demir Export. It is a further 
important step toward the development of a gold mine at Clontibret." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                Tel: +353-1-479-6180 
 
Professor Richard Conroy, Chairman 
 
                                                     Tel: +44-20-3328-5656 
Allenby Capital Limited (Nomad) 
 
Nick Athanas/Nick Harriss 
 
 
First Equity Limited (Broker)                        Tel: +44-20-7330-1883 
Jason Robertson 
 
Lothbury Financial Services                          Tel: +44-20-3290-0707 
 
Michael Padley 
 
                                                     Tel: +353-1-660-9377 
Hall Communications 
 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
 
END

(END) Dow Jones Newswires

May 04, 2022 02:00 ET (06:00 GMT)

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