22 November 2023
Conroy Gold and Natural Resources plc
("Conroy
Gold" or "the Company")
FURTHER
DRILL RESULTS FROM THE DERRYHENNET SECTION OF THE CLAY LAKE GOLD
TARGET
-
41.5
metre gold zone at 0.5 g/t gold intersected with grades up to 3.1
g/t gold recorded
-
Continuity
of gold stockwork zone demonstrated to the
Northeast
-
Gold
stockwork zone remains open to the Northeast and
Southwest
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased
to announce assay results from a further three drillholes in the
Derryhennet section of the Clay Lake gold target in the Longford -
Down Massif. The results included a 41.5 metre gold zone at 0.5 g/t
gold with grades up to 3.1 g/t gold. The drillholes reported are
part of a step out drilling programme on the Company's C1/19 Mines
Royal option in County Armagh, Northern
Ireland. The drilling programme is being carried out in
conjunction with the Company's Joint Venture partner, Demir Export
A.Ş ("Demir Export").
The Clay
Lake gold target is situated in the north eastern section of the
65Km, district scale Orlock Bridge gold trend, which the Company
has discovered. It extends for over 3Km in length and is, in
places, 2Km in width and has a gold-in-soil footprint covering over
220 hectares which is the largest gold-in-soil target identified to
date in the Longford-Down Massif.
The Clay
Lake gold target is divided into five sub areas or sections;
Camagh, Cargalisgorran, Derryhennet, Listarkelt and Tivnacree. (The
Derryhennet section is approximately 1.2Km in length and 2Km in
width and covers over 100 hectares).
Previous
drilling, by the Company, in the Derryhennet sub area has yielded
outstanding results. These included what is believed to be the
longest continuous gold-in-bedrock intersection in the British
Isles - 100m @ 0.6 g/t Au. This
intersection included 11.5m @ 1.5 g/t
Au and 10.3m @ 1.4 g/t Au. Other
drilling results at Derryhennet have included 63m @ 0.6 g/t Au (including 9.0m @ 1.5 g/t Au), and 52.5m @ 0.5 g/t Au.
The
current step out drilling programme comprises of eight drillholes
(c.2,000m). One drillhole in the
programme which included 40.5m @ 1.2
g/t Au has already been reported (as announced 6 March 2023).
The assay
results now reported include a 41.5 metre gold zone grading 0.5 g/t
gold intersected in one drillhole with grades going up to 3.1 g/t
gold and have also demonstrated continuity of the gold stockwork
zone to the Northeast.
The gold
stockwork zone remains open to the Northeast and
Southwest.
Intercepts
from these further three drillholes include:
CGA-22-002
-
41.5m @ 0.5 g/t Au inc. 0.5m @ 3.1 g/t Au from 21.0m
-
1.0m @ 1.0 g/t Au from 78.0m
-
1.0m @ 0.5 g/t Au from 141.0m
-
2.0m @ 0.7 g/t Au from 162.0m
-
1.0m @ 0.5 g/t Au from 157.0m
-
8.0m @ 0.6 g/t Au from 280.0m
CGA-22-006
/ CGA-22-006A
-
2.0m @ 0.7 g/t Au from 27.0m
-
1.0m @ 0.5 g/t Au from 53.0m
-
18.0m @ 0.4 g/t Au from 65.0m
-
2.5m @ 0.5 g/t Au from 114.0m
-
1.5m @ 0.5 g/t Au from 169.0m
-
0.5m @ 0.7 g/t Au from 204.5m
-
1.0m @ 0.4 g/t Au from 220.0m
-
0.5m @ 1.3 g/t Au from 280.0m
-
1.0m @ 0.3 g/t Au from 314.0m
CGA-22-007
-
2.0m @ 0.6 g/t Au from 5.0m
-
2.5m @ 0.4 g/t Au from 37.0m
-
1.0m @ 0.6 g/t Au from 42.5m
-
6.2m @ 0.6 g/t Au from 92.5m
-
1.0m @ 0.7 g/t Au from 106.0m
-
1.0m @ 0.3 g/t Au from 133.0m
-
1.0m @ 0.5 g/t Au from 159.0m
-
8.0m @ 0.7 g/t Au from 216.5m
-
0.5m @ 0.7 g/t Au from 230.0m
(Only
intercepts of 0.3 g/t or greater are presented)
All
samples were analysed by ALS (OMAC Laboratories) Loughrea using
Au-ICP21 (Au by fire assay and ICP-AES 30g sample).
The eight
drillhole step out programme is ongoing with four drillholes
remaining to be completed and assayed.
Overall
the drilling results on the Derryhennet sub area of the Clay Lake
gold target indicate potential for high tonnage and gold
content.
Further
results will be reported in due course.
This
release has been approved by Kevin McNulty PGeo, who is a member of
the Company's technical staff and holds a BSc/MSc in Geology and
Remote Sensing, 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:
"The
step out drilling programme on the Derryhennet section of the Clay
Lake gold target is highly encouraging with additional wide zones
of gold mineralisation intersected further indicating the overall
gold potential of the Clay Lake gold target".
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
|
|
Peterhouse
Capital (Broker)
Duncan
Vasey
Lothbury
Financial Services
|
Tel: +44-20-7469-0930
Tel:
+44-20-3290-0707
|
Michael
Padley
|
|
Hall
Communications
|
Tel:
+353-1-660-9377
|
Don
Hall
|
|
Visit
the website at: www.conroygold.com