REG-Conroy Gold & Natural Resources Plc: High gold grades seen in trenching

Conroy Gold and Natural ResourcesAnnouncement

15/05/2023 07:15

15 May 2023

Conroy Gold and Natural Resources plc

(“Conroy” or the “Company”)

HIGH GOLD GRADES SEEN IN TRENCHING ON

NORTHERN IRELAND GOLD TARGET
* High grade bedrock gold intersected
* 1m @ 64.3g/t gold in channel samples
* Bedrock source of high grade gold (up to 123.0g/t Au) in breccia samples
confirmed
* 17.5g/t gold in grab sample - 35 metres to south of breccia samples
discovery
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 a trenching programme at its Mines Royal (Newtownhamilton)
option area in County Armagh. The results included a gold intersection of 1.0m
at 64.3g/t gold. The programme was carried out in conjunction with the
Company’s joint venture partner, Demir Export A.?.

Channel samples returning 1.0m @ 64.3g/t Au from the trenching programme have
confirmed the bedrock source of the high grade (up to 123.0g/t Au) quartz
breccia samples discovered in the area (announced by the Company on 22
February 2023).

Trenching, approximately 35 metres to the south of this discovery, has
identified quartz breccia, interpreted to be the same zone, from which a grab
sample returned 17.5g/t Au.

Systematic sampling of the trenching at this gold target has also identified a
mineralised quartz vein, which returned values up to 2.7g/t Au, together with
a mineralised fault gouge, which returned values up to 0.5g/t Au.

A drilling programme has commenced to follow up on these high grade results.

This release has been approved by EurGeol Andrew Murrells PGeo, who is a
member of the Company’s technical staff and holds a BSc in Geology, 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: 

“It is highly encouraging to confirm the bedrock source of the high grade
gold mineralisation and to identify gold in quartz breccia over thirty five
metres away in the same target area.  This trenching programme has further
highlighted the potential of this area, with further gold zones identified in
quartz veins and fault gouge together with the high grade quartz breccia
initially discovered.”

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    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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