Appointment of Golder Associates
08 Julho 2010 - 3:23AM
UK Regulatory
TIDMCDG
8 July 2010
CONROY DIAMONDS AND GOLD PLC
("Conroy" or "the Company")
APPOINTMENT OF GOLDER ASSOCIATES AS ENVIRONMENTAL CONSULTANTS
* Initiation of Environmental Scoping Studies - another step towards mine
development
* Studies will be primarily related to the Clontibret Project
* Golder has extensive experience of mine development In Ireland
* Technical and Financial studies already underway
Conroy (AIM:CDG; ESM:CDG.I) is pleased to announce the appointment of Golder
Associates ("Golder") as its environmental consultants for the scoping studies
on the Clontibret gold project, in Ireland. To date, the Company has a JORC
Compliant resource of over 1 million oz defined on only 20 per cent. of its
Clontibret target.
The environmental scoping studies will primarily be related to Clontibret, but
in view of Conroy's other gold discoveries in the area including Clay Lake in
Co. Armagh, 4.5 miles North-East of Clontibret, the study will take place
against the background of these and other closely related discoveries.
Golder employs nearly 7,000 people globally and has extensive mine development
experience in Ireland, across Europe and worldwide. It is widely recognised for
setting industry standards in a range of fields including environmental and
health and safety standards for mining. Golder will work in close association
with Wardrop Engineering Inc. who is currently engaged in the technical and
financial scoping studies at Clontibret.
Professor Richard Conroy, Chairman of Conroy Diamonds and Gold said:
"I am delighted to announce the appointment of Golder as Environmental
Consultants to Conroy. Having worked with Golder before, I know the quality of
its work and am confident that it will make a major contribution towards the
development of a gold mine at Clontibret which, in time, I believe, offers the
potential to generate a significant return for our shareholders as well as
making a material contribution to the local economy."
Enquiries:
Conroy Diamonds and Gold Plc
Professor Richard Conroy, Chairman +353 1 661 8958
Merchant John East Securities Limited (Nomad)
Simon Clements/Virginia Bull +44 20 7628 2200
IBI Corporate Finance Limited (ESM Adviser)
John Tuite +353 1 637 7800
City Capital Corporation Limited (Broker)
Charles Dampney +44 20 3178 3399
Lothbury Financial Services Limited
Michael Padley/Michael Spriggs +44 20 7868 2010
Hall Communications
Don Hall +353 1 660 9377
Further details on Conroy Diamonds and Gold can be found on its website at:
www.conroydiamondsandgold.com
END
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