REG-Conroy Gold & Natural Resources Plc: Company Update

Conroy Gold and Natural ResourcesAnnouncement

26/02/2026 07:02

 

26 February 2026

 

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

 

Company Update

 
*                        Drilling programme continuing at Clontibret with
three rigs on site                     
*                        Company at exploratory stage of considering a dual
listing on the TSX-Venture Exchange
 

Ahead of the PDAC annual meeting in Toronto (March 1-4) where the Company
expects to meet with prospective partners (both strategic & financial),
industry stakeholders, and individual shareholders, the Company provides the
following operational and corporate updates:

 

Operational Update

In respect to the work programme outlined in the announcement of 15 December
2025, the drilling of the first two holes (CGC-25-001 & CGC-25-003) has been
carried out, and the drill core is in the process of being logged, cut, and
sampled. The first samples have been dispatched to the ALS laboratory in
Loughrea for assay and the results are awaited.

 

Drill hole CGC-25-001 was stopped due to technical difficulties encountered
during a re-entry at a depth of approximately 150m following a change of drill
bit. The hole had already reached ca. 415m but had not yet reached its target
depth in the stockwork zone.                                 Zones of
sulphide mineralization were encountered including at ca. 410m, representing
the deepest zones of sulphide mineralisation intersected at Clontibret to
date. The intersections confirmed continuity of the model both along strike
and at depth: we await the assay results from ALS to confirm gold
mineralization within these zones.                      A new deep hole,
CGC25-007, has been permissioned and is being drilled to directly target the
stockwork zone informed by the observations in CGC-25-001.

 

The Company secured a third rig earlier this month, so the following three
holes are currently underway at Clontibret: 1) CG 2025-007 (500 metres), as
described above; 2) CGC-25-002 (340 metres) which targets the antimony zone as
outlined in the announcement released on 15 December 2026; and 3) CGC-25-005
(420 metres), which aims to confirm gold mineralization in the northwest
corner of the deposit, an area where there has been limited drill activity to
date.                      We expect to complete this round of drilling in Q2
2026, with the analytical and assay results to follow.

 



 

 

Corporate Update

The Company remains in ongoing discussions with prospective strategic and
financial investors on sourcing funding for future rounds of investment in the
"Discs of Gold" project.                      The Board's overriding priority
is to protect and enhance value for the Company's current shareholders as it
works to advance the "Discs" project towards mine development. The Company
completed a non-brokered private placement of c.£1.73 million in October 2025
which, as previously announced, had support from long-term value investors in
North America. As such, the Board is considering, and has taken initial
exploratory steps, to dual list its shares on the TSX-Venture Exchange
("TSX-V") in Canada.                      A TSX-V listing would offer North
American investors a path on the Company's share register and an ability to
transact more easily and would enable the Company to potentially access a
wider range of investors and different pools of capital outside of the UK.    
                 A potential dual listing of the Company's shares on the
TSX-V remains at an early, exploratory stage and there can be no guarantee
that a dual listing on the TSX-V would proceed nor the timing thereof.        
             The Company will update shareholders once a decision on a dual
listing is finalised.

 

 

About the "Discs of Gold" Project

Conroy Gold's "Discs of Gold" project in Ireland is defined by two parallel
district scale gold trends, extending over c.95km, which are 100 per cent.
held under license by the Company and anchored by the Clontibret gold deposit.
The Clontibret target area contains a currently defined JORC (2012) 517Koz
gold resource @ 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017))
which remains open in multiple directions. The Company has identified a
further seven gold targets in its license area with the Clay Lake and
Creenkill gold targets being of particular interest. Gold occurs in multiple
styles in the Company's license area, including free gold, refractory gold in
arsenopyrite and gold associated with pyrite and antimony (stibnite),
suggesting multiple hydrothermal events occurred within the licence area.     
                There are clear geological analogies between the "Discs of
Gold" targets and large gold deposits in Southeastern Australia and Atlantic
Canada.

 

 

 

For further information please contact                                        
 :

 Conroy Gold and Natural Resources plc                                      Tel: +353-1-479-6180                                   
 John Sherman, Chairman  Maureen Jones, Managing Director                                                                          
 Allenby Capital Limited (Nomad)                                            Tel: +44-20-3328-5656                                  
 Nick Athanas / Nick Harriss                                                                                                       
 Hybridan LLP (Broker)   Claire Louise Noyce   Lothbury Financial Services  Tel:    +44-203-764 2341        Tel: +44-20-3290-0707  
 Michael Padley                                                                                                                    
 Hall Communications                                                        Tel: +353-1-660-9377                                   
 Don Hall                                                                                                                          

 

                                                       Visit the website at: 
                                                                             
                                                        www.conroygold.com

 

 

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