REG-Conroy Gold & Natural Resources Plc: Step-out Drilling Programme Update – CLONTIBRET

Conroy Gold and Natural ResourcesAnnouncement

28/06/2022 07:15

28 June 2022

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

STEP-OUT DRILLING PROGRAMME UPDATE – CLONTIBRET GOLD DEPOSIT
* Two holes in current programme drilled
* Mineralisation intersected in both drill holes  
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
that the first two drill holes of an eight-hole drilling programme that
commenced on the Clontibret Gold deposit have been drilled, as part of the
Step-Out Drilling Programme announced on 14 March 2022. Both drill holes
intersected mineralisation.

Drill hole 1 was drilled to a down hole depth of 285.8 metres and achieved its
objective of extending the Stockwork to the northeast and down dip. The
intersections also included a number of new mineralisation zones. This drill
hole has also demonstrated mineralisation in an area where there was no
surface gold-in-soil geochemical signature. Laboratory analysis of the drill
core is pending.

Drill hole 2 was drilled to a down hole depth of 179 metres. Mineralisation
was intersected at a number of levels relating to the central lodes of the ore
body and has thus extended these lodes. Again, laboratory analysis of the
drill core is pending. 

Two drill rigs are on site continuing with the scheduled initial eight-hole
Joint Venture drilling programme. 

Further announcements will be made as the programme progress and laboratory
results are received and analysed.

Professor Richard Conroy, Chairman, commented: 

“I am very pleased to see that the drilling programme on the Clontibret Gold
Deposit with our Joint Venture Partner Demir Export successfully intersected
new mineralisation zones in the first drill hole with the second hole
extending known mineralisation zones. 

The programme is ongoing, and I look forward to providing further updates on
results from the drilling. It appears that the mineralisation is extensive
across the area and remains open in all directions, including at depth.”

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.

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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