REG-Conroy Gold & Natural Resources Plc: Update on the Corcaskea Gold Target

Conroy Gold and Natural ResourcesAnnouncement

02/07/2025 07:02

2 July 2025


 

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

 

MINERALISED OUTCROP SUGGESTS DIFFERENT STRUCTURAL ORIENTATION AT THE CORCASKEA
GOLD TARGET

 
* Lode gold style mineralised outcrop discovered outside the Clontibret
resource footprint 
* Outcrop contains lode gold style bedrock mineralisation which strikes East -
West and dipping North
* 1.5 g/t gold returned from surface outcrop rock chip sample
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to report the
discovery of a lode gold style mineralised outcrop ("McCully's Outcrop")
outside the Clontibret gold deposit and near to the Corcaskea gold target in
Ireland. The Corcaskea gold target has yielded significant gold intersections
in trenches, including 16.5 metres at 6.5 g/t gold and 12 metres at 4.9g/t
gold. The discovery has the potential to upgrade the prospectivity of the
Corcaskea gold target as a potential extension of the Clontibret gold
resource.

 

McCully's Outcrop was discovered during prospecting and has a grade of 1.5 g/t
gold over an approximate width of 25cm. Significantly, the discovery suggests
a different structural orientation of mineralisation in the Corcaskea area to
that of the Clontibret resource area. The orientation of the lode in McCully's
Outcrop is in an East - West orientation and dipping North. This is markedly
different from the lodes which strike Northnortheast - Southsouthwest in the
Clontibret resource area. Drilling at Corcaskea to date has been informed by
the lode strike direction seen in the Clontibret resource area.

 

This outcrop discovery coupled with the ongoing relogging work of drill core
at Clontibret and its environs now enhances the Company's understanding of
structural orientations and provides a strong case for drilling in a different
orientation to expand the resources towards and into the Corcaskea target
area.

 

Mr John Sherman, Conroy Gold's Chairman, commented: "The discovery
significantly enhances the geological understanding and better establishes
controls to guide us in growing the resource into the Corcaskea target area."

 

Outcrop Location

McCully's Outcrop lies 300m to the north of the closest drill hole in the
Clontibret gold deposit on which the Company has defined a JORC resource of
517,000 ounces of gold (announced by the Company on 28 July 2017) and 200m to
the south of the Corcaskea gold target. It is also over 115m to the East of
the Lisglassan Stream outcrop discovery (announced on 22 October 2018).  The
map below shows the location of McCully's Outcrop.

 


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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