REG-Conroy Gold & Natural Resources Plc: Initial Analysis at the Clontibret Deposit

Conroy Gold and Natural ResourcesAnnouncement

27/02/2025 11:15

27 February 2025


 

Conroy Gold and Natural Resources PLC

(“Conroy Gold” or “the Company”)

 

INITIAL ANALYSIS HIGHLIGHTS FURTHER GOLD / ANTIMONY POTENTIAL AT THE
CLONTIBRET DEPOSIT

 
* New gold and antimony trends identified within the deposit area
* Areas identified for follow-up exploration drilling
* Work continuing on 3D geological model
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce
initial results from re-modelling of the Clontibret gold deposit, including
the portable XRF (“pXRF”) analyses.  This work is part of the re-logging
programme for the Clontibret drill core where the construction of a more
robust 3D geological model is underway beginning with the cross sections in
the existing deposit where the re-logging is complete. 

 

Mr John Sherman, the Company’s Chairman, commented:  “These are exciting
new results showing further significant antimony potential and some initial
progress in relation to targeting additional gold mineralisation at depth.”

 

Mineralisation shells have been constructed for gold, based on all laboratory
assay data to date, and these shells indicate a plunge trend of the gold
mineralisation to as yet untested depths at the Clontibret gold deposit. This
could be significant in targeting high grade gold mineralisation at depth.

 

The detailed pXRF analysis has identified a second trend to the antimony
mineralisation at the Clontibret deposit. Antimony was previously mined at
Clontibret from two drifts that followed the approximate North – South
orientation of the mineralisation where grades of 14.5 per cent. over 1.2
metres have been recorded. The recent mineralisation shells generated from the
pXRF antimony analysis of the drill core from the Clontibret gold deposit has
identified a second trend, of a Northeast – Southwest orientation.  This
newly identified mineralisation trend parallels that of the stockwork gold
mineralisation.

 

The analysis has also identified antimony mineralisation from scout drill
holes that were situated on the southern side of the stockwork gold
mineralisation. This area had previously not been the focus of detailed
exploration; these new results however highlight the significant potential of
this area.

 

The Company is progressing with the construction of the 3D geological model
and pXRF analysis is continuing on Clontibret drill core from outside of the
deposit area. This work contributes to the Company’s ongoing discussions
with potential strategic and financial partners on defining and funding the
next cycle of major investment in the “Discs of Gold” project. It also
supports the Company’s planned application to the European Union for
recognition of Clontibret, with its antimony (Sb) potential, as a strategic
project under the European Critical Raw Materials Act of 2024.



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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