REG-Conroy Gold & Natural Resources Plc: Clontibret Drilling Results

Conroy Gold and Natural ResourcesAnnouncement

06/10/2022 07:15

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

6 October 2022

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

 CLONTIBRET DRILLING RESULTS

GOLD ZONE OF OVER 33M INTERSECTED IN STOCKWORK
* 33.2m at 0.8 g/t gold including 8.0m at 1.2 g/t gold
* Grades up to 2.3 g/t gold intersected
* Further continuity of Stockwork gold mineralisation demonstrated
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
assay results from the fourth drill hole of the eight-hole, c.3,000m, drilling
programme on its Clontibret gold deposit in Ireland. A 33.2m gold zone has
been intersected within the Stockwork, grading 0.8 g/t gold. The drilling
programme is being carried out in conjunction with the Company’s joint
venture partner, Demir Export A.? (“Demir Export”).

Drill hole number 4 reached a targeted down hole depth of 136m, at an inclined
angle (-60 Degrees). The drill hole intersected gold mineralisation in the
stockwork at a down hole depth of 91.8m (vertical depth of 79m). The gold
mineralisation extended to a down hole depth of 125.0m (including 8.0m @ 1.2
g/t Au from 96.0m).

The number 4 drillhole was located 100m up dip from drillhole TW001, one of
the drill holes from Demir Export’s due diligence drilling as announced on
21 February 2022 which encountered the widest gold intercept yet drilled at
Clontibret - 94.5m grading 1.0 g/t Au (including 45m grading 1.5 g/t Au).

The presence in drillhole 4 of a further intersection of wide gold
mineralisation in the stockwork, 100m away from the wide gold intersection in
TW001, demonstrates the continuity of gold mineralisation in the stockwork in
this area.

Further announcements will be made as the drilling programme progresses.

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: 

“I am very pleased with these results from drillhole 4. They confirm the
presence in the stockwork of significant widths of over 30m of gold
mineralisation, together with gold grades of up to 2.3g/t. The earlier results
on holes 1-3 showed 18 gold intersections, four new zones to the north-east of
the existing Clontibret target, with significant intersections made.

The results from hole 4, in conjunction with those from the first three
drillholes, indicate the potential for high tonnage and overall gold content
within the stockwork gold zone in addition to the known gold content of the
lode zones. The drill programme so far has significantly extended the
stockwork continuity, added new gold lodes and, most importantly, it has
further enhanced our understanding of the ore body, which we are confident
remains open along strike and at depth.”

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    T el: +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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