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Conroy Gold & Natural Resources PLC - Ireland and Finland-focused gold exploration and development company - On Wednesday, announces that assay results from a scout trench and two scout drill holes at Drumavaddy on its Slieve Glah gold target in County Cavan, Ireland indicate a new gold-in-bedrock target at the southwestern end of the 65 kilometre Orlock Bridge gold trend. Drilling and trenching programme is being carried out in conjunction with the company's joint venture partner Demir Export AS. The trenching encountered a low grade 10 metre gold-in-bedrock zone. A subsequent drill hole intersected this gold zone at depth confirming the continuity of the gold mineralised structure. A second drill hole intersected a separate gold zone of 2.0 grams per tonne of gold over 1 metre.
"It is very exciting to see these gold assay results from drilling and trenching at Slieve Glah, which confirm the prospectivity of this very extensive target area located to the Southwest of the district scale Orlock Bridge gold trend in the Longford - Down Massif," says Chair Richard Conroy.
Current stock price: 12.62 pence
12-month change: down 38%
By Heather Rydings, Alliance News senior economics reporter
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