REG-Conroy Gold & Natural Resources Plc: DEEPEST GOLD MINERALISATION INTERSECTED TO DATE

Conroy Gold and Natural ResourcesAnnouncement

02/03/2026 14:45

2 March 2026



 

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

 

DEEPEST GOLD MINERALISATION INTERSECTED TO DATE
*                        2.8metres at 4.5 g/t Au intersected, including 0.5m @
15.0 g/t Au                     
*                        More than 10 gold lodes intersected extending lodes
by up to 60 metres to the north and gold system still open to depth           
         
*                        Follow-on hole CGC-25-007 to test zone indicated in
first drill hole and continue to directly target the stockwork at depth
 

Conroy Gold and Natural Resources plc (AIM: CGNR) is pleased to announce assay
results for the first drill hole in the c.2,000m drilling programme on its
Clontibret Gold deposit in Ireland. The results included intersections of
several gold zones and the establishment of further continuity to the gold
mineralisation.

 

Drill Hole CGC-25-001

The objective of the hole was to enhance the geological understanding of the
system and assess the potential for higher-grade, structurally controlled
mineralisation at depth. The Clontibret gold target exhibits several key
geological features analogous to the high-grade Fosterville Gold Mine in
Victoria, Australia (current endowment >10 Moz), indicating the potential for
multi-million-ounce gold mineralisation at depth.                      This
drill hole achieved its objective of intersecting more than 10 identified
lodes. Assay results from the bottom of the drill hole showed that the drill
hole was within a gold mineralised zone before it was stopped due to technical
difficulties encountered during a re-entry at a depth of approximately 150m
following a change of drill bit, as announced by the Company on 26 February
2026. The hole had already reached ca. 415m but had not yet reached its target
depth in the stockwork zone.                       A new deep hole,
CGC-25-007, has been permissioned and is being drilled to directly target the
stockwork zone informed by the observations in CGC-25-001.

 



The lodes intersected by the drill hole all contained gold mineralisation
including:
*            2.4m @ 1.7 g/t Au from 75.6m          
*            2.8m @ 4.5 g/t Au from 154.2.0m (including 0.5m @ 15.0 g.t Au)   
      
*            1.0m @ 2.1 g/t Au from 208.5m          
*            1.7m @ 3.7 g/t Au from 211.5m          
*            4.0m @ 0.5 g/t Au from 410.5m
 

John Sherman, Chairman, commented:                                           

 

“We are delighted to see drilling show encouraging mineralisation at depth
and look forward to the ongoing drilling programme continuing to inform the
structural controls around the Clontibret deposit as we explore its
potential.”

 

 

 

A total of 415.25 metres was drilled through an inclined (-60 Degree) hole.
Zones of sulphide mineralisation 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.           

 

Other intersections included:
*            1.0m @ 0.6 g/t Au from 89.0m          
*            1.9m @ 1.0 g/t Au from 148.1m          
*            0.5m @ 0.9 g/t Au from 150.5m          
*            0.5m @ 0.7 g/t Au from 178.8m          
*            1.3m @ 0.7 g/t Au from 186.3m          
*            1.0m @ 1.1 g/t Au from 188.0m          
*            2.5m @ 0.7 g/t Au from 271.0m          
*            0.9m @ 0.5 g/t Au from 335.0m          
*            1.0m @ 0.6 g/t Au from 405.5m
 

(Only intercepts of 0.3 g/t or greater are presented)

 

Drilling is continuing on site with three drill rigs currently in operation.  
                   Further announcements will be made as the drilling
programme at Clontibret progresses.

 


About Clontibret

Clontibret lies within a major transatlantic structural corridor that extends
from Canada, through Ireland, and into Scotland. Within the Irish segment of
this corridor, Conroy Gold has established the foundations of two
district-scale gold trends spanning more than 95 kilometres of surface gold
anomalism. These trends occur entirely within the Company’s 100%-owned
licence area, which covers a dominant 1,000 km² land position.

Clontibret is located in the north east of the 65 kilometre Orlock Bridge gold
trend where three targets lie in the 17 kilometre section noted in the above
map, the most of advanced of which is Clontibret where a 517Koz gold resource
@ 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)) has been
defined that remains open in multiple directions including at depth.

The Orlock Bridge and Skullmartin trends are hosted within an accretionary
prism formed during the oblique collision of the Laurentia and Avalonia
tectonic plates and the closure of the Iapetus Ocean. This geological
environment comprises Ordovician and Silurian turbidite sequences including
greywacke sandstones, conglomerates, siltstones, mudstones, and volcanic
units—an established setting globally for significant orogenic gold
deposits.

Clontibret – Geological Analogies with Fosterville (+10 Moz)

 

The Clontibret gold target exhibits several key geological features analogous
to the high-grade Fosterville Gold Mine in Victoria, Australia (current
endowment >10 Moz), indicating the potential for multi-million-ounce gold
mineralisation at depth.

 

These analogies include:

 
*            Host Rocks: A folded Ordovician-age turbidite package, comparable
to the rock sequence hosting Fosterville’s high-grade zones.          
*            Mineralisation Style: At Clontibret gold is intimately associated
with acicular arsenopyrite, and to a lesser extent pyrite, similar to the
mineralogical style at Fosterville’s deposit.                        The
discovery of visible gold in a quartz breccia nearby at Creenkill (with assay
values of 123.0 g/t) lends credence to the possibility of high-grade gold also
being present in the Clontibret target.          
*            Late-Stage Antimony: Presence of late stibnite/antimony
mineralisation, including recent float samples assaying 21.9 g/t Au with 26.4%
Sb, indicating a comparable Au–As–Sb mineral system.          
*            Alteration Envelope: Mineralisation hosted within broad sericite
/ white mica alteration zones, several metres wide, and around the margins of
quartz–carbonate veins.          
*            Mineralisation controlled by brittle faulting
 

Collectively, these geological characteristics highlight Clontibret as a
highly prospective target with potential for significant high-grade gold
mineralisation at depth.

 

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company’s technical staff and 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.

 

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                                                                                               
 Allenby Capital Limited (Nomad)                                               Tel:  +44-20-3328-5656                                
 Nick Athanas/Nick Harriss                                                                                                           
 Hybridan LLP (Broker)   Claire Louise Noyce      Lothbury Financial Services  Tel:   +44-20-3764-2341       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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