Great rns2 Aug 2018 09:19
Conroy Gold & Natural Reso
Exploration Target Increased to Potential 8.8M ...
2 August 2018
Conroy Gold and Natural Resources plc
(“Conroy Gold” or “the Company”)
EXPLORATION TARGET INCREASED TO POTENTIAL 8.8M Oz GOLD
Highlights:
Updated Exploration Target of 8.8 million ounces gold is associated only with the Clontibret, Clay Lake and Glenish gold-in-soil anomalies in the Longford – Down Massif (revised upwards from the 5 million ounces announced in 2016).
Exploration Target excludes the already defined JORC compliant gold resource of 517,000 ounces in the Clontibret gold deposit.
Conservative interpretations were used throughout the calculations to ensure that the Exploration Target is a realistic estimate.
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and mine development company focused on Ireland, is pleased to announce that an updated study by consulting geologist Professor Garth Earls has estimated an Exploration Target of 8.8 million ounces (see Table 1 below) of gold within the Clontibret, Clay Lake and Glenish gold-in-soil anomalies.
The updated Exploration Target of 8.8 million ounces of gold is to a depth of 200 metres and now includes the Glenish gold-in-soil anomaly to the southwest of the Clontibret and Clay Lake gold-in-soil anomalies. The Clontibret, Clay Lake and Glenish gold targets are situated within the north-eastern area of Conroy Gold’s licences in the Longford – Down Massif.