REG-Conroy Gold & Natural Resources Plc: New Gold Discoveries

Conroy Gold and Natural ResourcesAnnouncement

04/02/2021 07:05

4 February 2021

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

NEW GOLD DISCOVERIES IN GLENISH LICENCE AREA
* Extensive new gold-in-soil anomaly discovered 2km Northeast of the Glenish 
gold target
* Gold outcrop discovery indicates extension of Glenish gold target
mineralisation to East
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
further gold discoveries on its Glenish gold licence: a large new gold-in-soil
anomaly, and a new gold mineralised outcrop indicating an extension of the
Glenish Gold target.

The newly discovered gold-in-soil anomaly lies 2km northeast of the Glenish
gold target and is located at Corlongford on the border between the Glenish
gold licence and the Clontibret gold licence.  The anomaly covers an area
circa 500 metres by 400 metres and is bisected by the Orlock Bridge Fault Zone
which is a major control on gold mineralisation in the Longford-Down Massif.

Rock chip sampling in the Glenish Licence area has discovered gold in bedrock
in two areas, one within the Glenish gold target and adjacent to a previous
gold mineralised zone announced (as announced by the Company on 30th April
2020) with values up to 0.2 g/t gold, the other 200 metres to the East of the
Glenish gold target suggesting that the Glenish gold target may extend further
than previously indicated by gold- in-soil sampling.      

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: 

“The continued progress on the Company’s Glenish licence, including the
discovery of a substantial new gold anomaly at Corlongford close to the border
with the Clontibret licence, is highly encouraging and gives further credence
to the estimates of 8.8 million potential contained ounces gold in the
Clontibret-Clay Lake-Glenish gold target areas. This is in addition to the
517,000 ounces gold (JORC 2012) resource at Clontibret. I am looking forward
to accelerated progress in the coming year as part of a joint venture
relationship and the Company is planning accordingly.”

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                                                                     
 Brandon Hill Capital Limited (Joint Broker)                            Tel: +44-20-3463-5000  
 Jonathan Evans   First Equity Limited (Joint Broker)  Jason Robertson  Tel: +44-20-7330-1883  
                                                                                               
 Lothbury Financial Services                                            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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