Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce that assay results from three further drill holes from its step-out drilling programme at the Clontibret gold deposit have demonstrated an extension of the deposit for over 375 metres to the northeast.
The drilling programme was carried out in conjunction with the Company's joint venture partner, Demir Export A.S ('Demir Export'). The three drill holes, totalling 1,053.4 metres, were drilled at -60 degrees. Gold mineralisation in bedrock was intersected in all three holes, in both the stockwork and in lode zones. Stockwork gold mineralisation was intersected over 375 metres to the north-east from the nearest previously intersected resource stockwork gold mineralisation.
Previous drilling had already identified gold mineralisation outside the anomalous gold-in-soil footprint at Clontibret which has a surface area of c.125 hectares. The current step-out drilling programme has extended the bedrock gold mineralisation further outside the surface gold-in-soil footprint. The deposit still remains open in all directions and to depth. The first drill hole was located 270 metres from the previous resource drilling (announced by the Company on 6 October 2022) and reached a downhole depth of 342.0m. The gold mineralisation intersected in the stockwork included 14.0m @ 0.5 g/t Au. The drill hole also intersected two lode zones with grades of 2.0m @ 1.4 g/t Au including 4.4g/t Au over 0.5 metre and 2.0m @ 0.8 g/t Au including 2.6g/t Au over 0.5 metre
Professor Richard Conroy, Chairman, commented: 'I am delighted at the extension of gold mineralisation in the Clontibret gold deposit demonstrated by these three holes in the step out drilling programme. The results extend the stockwork gold mineralisation over 375 metres to the northeast of the existing area and importantly it remains open in all directions and to depth. Future drilling will look to again extend the area and enhance the known resource.'
Contact:
Conroy Gold and Natural Resources plc
Professor Richard Conroy
Chairman
Tel: +353-1-479-6180
Allenby Capital Limited
Nomad
Tel: +44-20-3328-5656
Nick Athanas
Nick Harriss
First Equity Limited
Broker
Jason Robertson
Lothbury Financial Services
Tel: +44-20-7330-1883
Tel: +44-20-3290-0707
Michael Padley
Hall Communications
Tel: +353-1-660-9377
Don Hall
WEB: www.conroygold.com
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