REG-Conroy Gold & Natural Resources Plc: Drill Results from Creenkill Gold Target

Conroy Gold and Natural ResourcesAnnouncement

13/07/2023 07:15

13 July 2023


 

Conroy Gold and Natural Resources plc

("Conroy Gold" or the "Company")

 

 

DRILL RESULTS FROM CREENKILL GOLD TARGET IN COUNTY ARMAGH

 

 
* First drill results on the recently discovered Creenkill target
 
* Drilling returns 0.5m at 11.5 g/t Au and 1.2m at 3.8 g/t Au
 
* Continuity of mineralised structure supported by trenching and drilling
 

Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce assay
results from six shallow drill holes (totalling c.98m) at the Company's
Creenkill gold target in its Mines Royal (Newtownhamilton) option, located in
County Armagh, Northern Ireland.  The drilling programme is being carried out
in conjunction with the Company's joint venture partner, Demir Export A.Ş
("Demir Export").

 

The drill programme was designed to confirm the immediate down dip continuity
of the gold mineralised structure reported on 5 June 2023.

 

The mineralised structure was previously trenched over a strike length of
approximately 135m and has now been drilled over a strike length of
approximately 100m and traced approximately 10m down dip. It remains open
along strike and to depth.  Drilling is continuing and further announcements
will be made in due course.

 

Intercepts from the initial six shallow drillholes include:

 
* 0.50m @ 11.5 g/t Au
* 1.20m @ 3.8 g/t Au (including 0.90m @ 4.7 g/t Au)
* 0.35m at 3.1 g/t Au
* 0.35m @ 2.4 g/t Au  
* 0.25m at 1.4 g/t Au
* 0.50m @ 0.3 g/t Au
 

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

 

This drilling was undertaken on the newly identified Skullmartin Fault gold
trend which is separate from and lies 20km to the south of the 65km long
Orlock Bridge gold trend which hosts the Clontibret and Clay Lake gold
deposits.

 

All samples were analysed by ALS (OMAC Laboratories) Loughrea using Au-ICP21
(Au by fire assay and ICP-AES 30g sample).

 

To gain further understanding of the gold deportment, two sample pulps (0.25m
at 1.4g/t Au and 0.35m at 3.1g/t Au) underwent additional analysis with assay
method Au-SCR24, with the total gold reported being at similar levels of 1.2
g/t and 3.6 g/t Au. There was a significant component in the plus 100 micron
fraction of the 3.1 g/t Au pulp sample which assayed 67.5 g/t Au indicating a
coarse gold environment.

 

The drilling results reported in today's announcement form part of an on-going
overall technical assessment, incorporating drilling together with extensive
soil and deep overburden sampling and geophysics, across both gold trends in
the Longford - Down gold district. The primary focus of the joint venture is
to develop a mine at Clontibret, or elsewhere along the gold trends, with the
long-term objective of the delivery of a series of mine developments across
the new gold district.

 

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.

 

Professor Richard Conroy, Chairman, commented: 

 

"This new discovery continues to emphasise the prospectivity of the region. 
The initial drilling supports what was discovered during the trenching
programme and the continuity of the structure provides encouragement that
similar bonanza gold grades, discovered during prospecting, can be encountered
by future trenching and drilling."

 

For further information please contact:

 

 Conroy Gold and Natural Resources plc                                       Tel: +353-1-479-6180                           
 Professor Richard Conroy, Chairman                                                                                         
 Allenby Capital Limited (Nomad)                                             Tel: +44-20-3328-5656                          
 Nick Athanas/Nick Harriss                                                                                                  
 First Equity Limited (Broker) Jason Robertson  Lothbury Financial Services  Tel: +44-20-7330-1883   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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