AGM Statement
06 Dezembro 2010 - 12:30PM
UK Regulatory
TIDMCDG
6 December 2010
Conroy Diamonds and Gold Plc
(the "Company")
AGM Statement
A year of progress
At today's Annual General Meeting of Conroy Diamonds and Gold Plc (AIM: CDG;
ESM: CDGI), the Irish based resource company exploring and developing gold and
other projects in Ireland, the Chairman Professor Richard Conroy will make the
following comments:
"During the period ended 31 May 2010 the Company made the important step from
exploration to mine development. The drilling results from both Clontibret,
where we have a JORC complaint gold resource of 1 million ounces having drilled
only 20 per cent. of the licence area, and Clay Lake, where we have identified
13 mineralised zones, have been, in my opinion, excellent.
"At Clontibret, scoping studies, which will include a preliminary mine plan,
have commenced and post the year end Golder Associates were appointed as
environmental consultants. We look forward to updating shareholders on progress
as the work advances.
"Clay Lake is potentially a larger target and step out drilling has proven very
positive. We will look to firm up the results and in the coming months work
towards building a detailed picture of the anomaly and its scale. The
information we currently hold indicates that it may be even more prospective
than Clontibret.
"Equally importantly we have raised sufficient monies, both during and post
period end, to fund the work necessary to complete the feasibility study at
Clontibret and to carry out further work to confirm the scale of the Clay Lake
deposit and for additional drilling, as necessary.
"Finally, I would like to thank the team and the advisers for their hard work,
Conroy has made excellent progress on all fronts over the last 18 months and as
a result we are very excited about the prospects for the Company."
Further Information:
Professor Richard Conroy, Chairman, Conroy Diamonds and Tel: +353-1-661-8958
Gold plc
Simon Clements/Virginia Bull, Merchant Securities Tel:
Limited (Nomad) +44-20-7628-2200
John Tuite, IBI Corporate Finance Limited (ESM Adviser) Tel: +353-1-637-7800
John Grant/ Karen Kelly/ David Lawman, XCAP Securities Tel: +44-20-7101
PLC (Broker) 7070
Michael Padley/Michael Spriggs, Lothbury Financial Tel:
Services +44-20-7868-2010
Don Hall, Hall Communications Tel: +353-1-660-9377
END
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