15 May
2023
Conroy Gold and Natural Resources plc
(“Conroy” or the “Company”)
HIGH GOLD GRADES
SEEN IN TRENCHING ON
NORTHERN IRELAND GOLD TARGET
- High grade bedrock gold intersected
- 1m @ 64.3g/t gold in channel
samples
- Bedrock source of high grade gold (up to 123.0g/t Au) in
breccia samples confirmed
- 17.5g/t gold in grab sample - 35 metres to south of breccia
samples discovery
Conroy Gold and Natural Resources
PLC (AIM: CGNR), the gold exploration and development company
focused on Ireland and
Finland, is pleased to announce
assay results from a trenching programme at its Mines Royal
(Newtownhamilton) option area in County
Armagh. The results included a gold intersection of
1.0m at 64.3g/t gold. The programme
was carried out in conjunction with the Company’s joint venture
partner, Demir Export A.?.
Channel samples returning 1.0m @
64.3g/t Au from the trenching programme have confirmed the bedrock
source of the high grade (up to 123.0g/t Au) quartz breccia samples
discovered in the area (announced by the Company on 22 February 2023).
Trenching, approximately 35 metres to the south of this
discovery, has identified quartz breccia, interpreted to be the
same zone, from which a grab sample returned 17.5g/t Au.
Systematic sampling of the trenching at this gold target has
also identified a mineralised quartz vein, which returned values up
to 2.7g/t Au, together with a mineralised fault gouge, which
returned values up to 0.5g/t Au.
A drilling programme has commenced to follow up on these high
grade results.
This release has been approved by EurGeol Andrew Murrells PGeo,
who is a member of the Company’s technical staff and holds a BSc in
Geology, 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:
“It is highly encouraging to confirm
the bedrock source of the high grade gold mineralisation and to
identify gold in quartz breccia over thirty five metres away in the
same target area. This trenching programme has further
highlighted the potential of this area, with further gold zones
identified in quartz veins and fault gouge together with the high
grade quartz breccia initially discovered.”
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 |
|
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 |
|
Visit the website at: www.conroygold.com