Further Gold Targets Identified
14/05/2013 07:00
14 May 2013
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
FURTHER GOLD TARGETS IDENTIFIED
* A series of new targets identified by independent review of airborne
geophysics
* Geophysics over targets shows similar characteristics to known gold
occurrences
* Two target areas also coincide with known regional soil geochemical
anomalies
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and mine development company which has discovered a thirty mile
gold trend in Ireland running across Counties Armagh, Monaghan and Cavan and is
planning to develop its first operational gold mine at Clontibret in Co.
Monaghan, is pleased to announce that a series of further gold targets have
been identified along the gold trend. This follows an independent review of the
airborne geophysics data in the area by BRG (Geotechnics) Limited.
The Company's detailed multicomponent airborne geophysical data includes
magnetics, electromagnetics, radiometrics and laser altimetry. The new targets
identified by the independent review have similar airborne geophysical
characteristics to the known gold occurrences at Clay Lake, Clontibret and
Glenish within the Company's licence area.
The target zones have been identified at confluence areas of various linear
features and splays revealed by the airborne geophysics. These are typical
features in areas associated with gold mineralisation. Two of the target areas
also coincide with regional soil geochemical anomalies which the Company has
already identified.
Professor Richard Conroy, Chairman commented:
"It is very pleasing to have the results of this independent geophysical review
indicating the presence of additional gold targets which in turn gives further
confirmation of the gold potential of the entire licence area."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Simon Clements/Virginia Bull
Hybridan LLP (Joint Broker) Tel: +44-20-7947-4350
Claire Noyce/Deepak Reddy
Shore Capital Stockbrokers Limited (Joint Broker) Tel: +44-20-7408-4050
Jerry Keen/Bidhi Bhoma/Toby Gibbs
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Brian Farrell
Lothbury Financial Services Tel: +44-20-7868-2010
Michael Padley/Michael Spriggs
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygoldandnaturalresources.com
END