CDG Conroy Diam&Gld

 
TIDMCDG 
 
14 September 2009 
 
                        Conroy Diamonds and Gold P.l.c. 
 
                          ("Conroy" or "the Company") 
 
Understanding of Clay Lake gold target enhanced by further sampling and mapping 
 
  * Rock Chip Sampling Returns Positive Additional Gold-in-Bedrock Values 
 
  * Wide Section Of Faulting And Shearing Includes Five Sulphide-Bearing Zones 
 
Conroy (AIM: CDG) announces that systematic rock chip sampling and detailed 
geological mapping of a stream bed in the north-west corner of its Clay Lake 
gold anomaly in Co. Armagh has returned positive results for gold-in-bedrock 
and also indicated a far broader zone of faulting and shearing than suggested 
by initial reconnaissance work. 
 
The 40 rock chip samples collected from the southern section of the stream bed 
returned gold values ranging up to 0.87 grammes per tonne. 
 
The detailed mapping identified a 40 metre wide zone of faulting and shearing 
within a sequence of folded sandstones and shales. Five sulphide-bearing fault 
gouge zones, each 1-3 metres wide and trending east-west, have been identified 
within this 40 metre fault zone, and positive sampling results for gold were 
returned from each of the faulted zones where sulphide mineralisation was 
identified. 
 
The sampled stream is located on the edge of the Clay Lake anomaly and has a 
similar north-south orientation to the mineralised lode zones identified on the 
Company's Clontibret and Cargalisgorran gold targets. The latest results 
suggest that gold and associated sulphides from a potential north-south 
trending source in the vicinity of the stream are disseminating into the 
east-west faults exposed in the stream bed. 
 
The Clay Lake gold anomaly is located about 7km to the north-east of the 
Company's Clontibret gold discovery in Co. Monaghan, where a JORC-compliant 
resource of over 1 million ounces of gold has thus far been identified within 
about 20 per cent of the total target area. 
 
The Clay Lake gold-in-soil anomaly covers an area of about 141 ha. It is larger 
than that at Clontibret (125 ha), and sampling has returned the highest 
gold-in-soil values ever recorded by the Company. 
 
Commenting today, Professor Richard Conroy said: 
 
"This work has enhanced our understanding of the north-west portion of the Clay 
Lake gold anomaly. We now have a more detailed picture of its geology and a 
better appreciation of the gold mineralisation within it. We remain very 
excited about the potential of this gold target". 
 
This release has been approved by Kevin McNulty PGeo, who is a member of the 
Company's technical staff, who 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. 
 
Enquiries: 
 
Conroy Diamonds and Gold Plc 
 
Professor Richard Conroy, Chairman                              +353 1 661 8958 
 
City Capital Corporation Limited 
 
Charles Dampney                                                +44 20 3178 3399 
 
John East & Partners Limited, a subsidiary of Merchant Securities Plc (Nomad) 
 
Simon Clements/Virginia Bull                                   +44 20 7628 2200 
 
Lothbury Financial 
 
Ron Marshman/Michael Padley                                    +44 20 7011 9411 
 
 
Further details on Conroy Diamonds and Gold can be found on its website at: 
www.conroydiamondsandgold.com 
 
Conroy Share Price 
 
 
 
END 
 

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