REG-Conroy Gold & Natural Resources Plc: New Gold Target and Second Gold Trend Identified

Conroy Gold and Natural ResourcesAnnouncement

03/03/2023 07:15

3 March 2023

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

NEW GOLD TARGET AND SECOND GOLD TREND IDENTIFIED IN LONGFORD-DOWN MASSIF
* New gold target discovered in Co. Monaghan
* Second gold trend lies parallel and to the south of the Orlock Bridge Fault
Zone gold trend
* New trend covers the new gold target and the recent high grade gold
discovery in Co. Armagh
* Five further prospecting licences applied for along the new gold trend
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce the
discovery of a new gold target in County Monaghan.  This discovery, together
with the recent discovery of a gold target in County Armagh (announced by the
Company on 22 February 2023), has led to the identification of a second gold
trend in the Longford-Down Massif.

Assay results from gold-in-soil sampling by the Company, on Prospecting
Licence 4554 in County Monaghan, have yielded values greater than 10ppb Au
over an area of 1.5KM by 1.1KM. Anomalies greater than 10ppb gold-in-soil in
the Longford-Down Massif tend to be associated with gold-in-bedrock. This
licence area also previously yielded sediment samples, which returned gold
values of up to 170ppb Au, as part of the nationwide TELLUS survey.

The new gold discovery in County Monaghan, and the recently announced gold
discovery in quartz breccia samples (which had assay results of up to 123.0
g/t gold) in County Armagh, have both been recorded along a major geological
structure, the Skullmartin Fault Zone, indicating the presence of a second
gold trend in the Longford-Down Massif. 

The newly identified (24km) gold trend lies parallel to, and south of, the
Orlock Bridge Fault Zone, on which  the Company has made a series of gold
discoveries along a 65 km gold trend.

The new trend, along the Skullmartin Fault Zone, links the County Monaghan
gold discovery, as announced today, to the recent gold discovery in quartz
breccia samples in County Armagh.

The Company also announces that applications for five further prospecting
licences along the trend have been made by the Company.

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 identification of a new gold trend in the Longford – Down Massif is a
further step forward in relation to the very extensive new gold district
discovered by the Company.”

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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