REG-Conroy Gold & Natural Resources Plc: DRILLING PROGRAMME COMMENCES AT CLONTIBRET

Conroy Gold and Natural ResourcesAnnouncement

15/12/2025 07:02

15 December 2025



 

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

 

DRILLING PROGRAMME COMMENCES AT CLONTIBRET

 
*                        First drill hole in a c.2,000m drilling programme now
underway with a second drill rig to be mobilised to accelerate the programme
 
*                        Initial hole targeting over 500m vertical depth - the
deepest test to date
 
*                        Programme designed to test newly identified gold and
antimony plunge trends and expand existing resource
 

Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to provide
further detail in respect to its exploration activities at Clontibret, which
is the initial focus of the work programme to advance its "Discs of Gold"
project as referenced recently in the Chairman's statement for the 2025 Annual
Report.                      The Company confirms that drilling has commenced
at Clontibret on the c.2,000 metre initial programme.

 

This programme marks a significant advance in the Company's strategy to test
the deeper potential of the Clontibret deposit. The drill holes are designed
to follow up on the gold and antimony plunge trends identified during the
detailed re-logging project, as first announced on 27 February 2025.

 

First Deep Drill Hole Underway

 

The first hole, now in progress, is planned to target the major stockwork zone
located beneath the historic Tullybuck Antimony Mine, at approximately 500
metres vertical depth. This hole represents the deepest drilling undertaken on
the Clontibret deposit to date.

 

The hole has been designed to intersect more than ten identified lodes before
reaching the deeper stockwork zone target. The objective is to enhance the
geological understanding of the system and assess the potential for
higher-grade, structurally controlled mineralisation at depth.

 

Follow-Up Drill Holes

 

The second and third drill holes will test the strike extension of the
antimony-bearing lode system toward a postulated northern fault zone believed
to separate the Corcaskea mineralisation from the main Clontibret deposit. The
holes will also test several of the central gold lodes.                     
A second drill-rig is expected to be mobilised before year-end to accelerate
this portion of the programme.

 

This drill programme represents the first phase of systematic deeper
exploration at Clontibret and is an important step toward evaluating the
deposit's potential to host higher-grade mineralisation at depth.

 

Mr John Sherman, the Company's Chairman, commented:                     "     
               This initial package of drilling follows on from the insights
into plunge controls at the Clontibret target gained from the re-logging
effort.                                                                The
aim of this body of work is to begin to assess the potential for gold in the
system at depth, as well the contribution of antimony to the attractiveness of
Clontibret."

 



 

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.90km, 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 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 seeded the deposit.                      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                                                                                                                                  
 Peterhouse Capital Limited (Broker)   Lucy Williams / Duncan Vasey      Lothbury Financial Services  Tel:   +44-20-7469-0930         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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