REG-Conroy Gold & Natural Resources Plc: Drilling Underway at Clontibret

Conroy Gold and Natural ResourcesAnnouncement

04/05/2022 07:15

4 May 2022

Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)

DRILLING UNDERWAY AT CLONTIBRET
* Initial eight drill hole, 3,000m, programme
* Drilling targeted to extend both Stockwork and Lode Gold Mineralisation
* Programme designed and agreed with joint venture partner
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce the
commencement of a drilling programme of c.3,000m on its Clontibret gold target
in Ireland, in conjunction with its Joint Venture partner, Demir Export A.?.
(“Demir Export”). The drilling programme commenced at the end of April in
line with the details set out in the announcement made by the Company on 14
March 2022.

The drilling programme is part of the €4.5 million earn-in work programme of
the first phase of the joint venture with Demir Export. The objective of the
joint venture is to further explore and develop the new district scale gold
trend which Conroy Gold has discovered along the Longford-Down Massif in
Ireland.

The initial c. 3,000m drill programme, consisting of eight drill holes, is
focused on the Clontibret gold target. The programme has the objective of
extending the eastern gold Lodes and the Stockwork gold mineralisation, both
of which are open in all directions and to depth. Seven of the drill holes are
step-out. One hole is targeting an up-dip gold mineralisation zone.

All of the drill holes are planned to intersect the Stockwork. The drilling is
projected to increase the Stockwork gold mineralisation to the northeast and
also to extend the depth of the Stockwork.

Three of the drill holes are focused primarily on the eastern Lodes of the
Clontibret gold resource, with a view to extending these Lodes to the north.
The Board believe that these drill holes also have potential for the discovery
of new Lodes.

The drilling will step-out from the known gold mineralisation, in both the
Stockwork and eastern Lodes in the deposit, which will further enhance the
Company’s technical understanding of the Clontibret gold target.

Professor Richard Conroy, Chairman, commented: 

“We are very pleased that this initial 3,000m drill programme has commenced,
in conjunction with our joint venture partner Demir Export. It is a further
important step toward the development of a gold mine at Clontibret.”

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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