REG-Conroy Gold & Natural Resources Plc: New gold mineralisation zone at Cargalisgorran

Conroy Gold and Natural ResourcesAnnouncement

12/08/2021 07:05

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

12 August 2021

 Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

New gold mineralisation zone intersected at Cargalisgorran

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to report
significant gold intersections from drilling completed in the Cargalisgorran
section of its Clay Lake gold target in the Longford-Down Massif in Ireland,
where it has discovered a new 65km long district scale gold trend.

Three gold zones were intersected in a vertical hole drilled to a depth of 103
metres. The intersections were as follows:
* 1.0m @ 0.7 g/t Au from 12.50 metres down hole
* 3.5m @ 0.6 g/t Au from 16.00 metres down hole
* 2.0m @ 3.8 g/t Au (inc. 1.0m @ 6.6 g/t Au) from 72.50 metres down hole
The third intersection, at 72.50 metres down hole, has identified a new zone
of gold mineralisation below the previously known gold zones, closer to
surface, which included intersections of 6.6m @ 6.1 g/t Au and 22.0m @ 2.0 g/t
Au.

The substantial Clay Lake gold target, which stretches from Cargalisgorran in
the southwest to Derryhennet in the northeast, is over 200 hectares in area,
and lies at the north eastern end of the gold trend and forms part of the 17km
long gold district, covering Clontibret – Clay Lake – Glenish, on which an
updated exploration target of 8.8 million ounce gold (excluding the 517,000
ounce Clontibret deposit) has been estimated (announced by the Company on 2
August 2018).

A further extensive, c.700 metres by c.250 metres, new gold target to the
southwest of the Clay Lake gold target has also recently been identified by
the Company during a detailed gold-in-soil sampling programme (announced by
the Company on 29 July 2021).

The Company’s drilling programme elsewhere in the Longford-Down Massif
continues, including drilling on Licences PL 1870 and PL 2386. Results of
drilling are awaited and further updates will be announced in due course.  

Professor Richard Conroy, Chairman, commented: 

“These drilling results, combined with the previous results from the Clay
Lake gold target, where high grade and wide gold intersections have been
recorded, further indicate the significant potential of this extensive gold
target, which is one of a series of gold targets along the 65km district scale
gold trend in Ireland which it has discovered.

I look forward to receiving further results from the Company’s ongoing
drilling programme on its licences in the Longford-Down Massif in due course,
and to the finalisation of the proposed joint venture with Demir Export
A.S.”

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 Earth Science, 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.

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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