Rns...28 Jul 2017 11:22
TIDMCGNR
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR").
28 July 2017
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
UPDATED MINERAL RESOURCE ESTIMATE FOR
CLONTIBRET PROJECT BY TETRA TECH
* Indicated resource grade increased to 2.1 g/t Au in lodes
* Indicated resource category increased to 320,000 ounces (Au)
* Cut off of 1g/t Au applied
* Structural continuity of lode mineralisation demonstrated
* Additional opportunities to increase the size of the resource
Conroy Gold and Natural Resources plc (AIM: CGNR; ESM: CGNR.I) the gold
exploration and development company focused on Ireland and Finland, is pleased
to announce that it has received an Updated Mineral Resource Estimate prepared
by Tetra Tech Canada Inc. ("Tetra Tech") on its wholly owned Clontibret gold
project in Co. Monaghan, Ireland. The new resource estimate was developed to
Joint Ore Reserves Committee ("JORC") standard and represents a detailed
geological revision and update on the scoping study previously undertaken by
Tetra Tech (2011).
Table 1. Summary of Updated Mineral Resources for the Clontibret project
Classification Zone Tonnage Grade Metal
Au (g/t) Au (Ozt)
Indicated Lodes 4,460,000 2.1 301,000
Stockwork 500,000 1.2 19,000
Indicated Total 4,960,000 2.0 320,000
Inferred Lodes 2,980,000 2.0 193,000
Stockwork 110,000 1.2 4,000
Inferred Total 3,090,000 2.0 197,000
Notes:
* Mineral Resources do not have demonstrated economic viability but have
reasonable prospects for eventual economic extraction
* The effective date of the Mineral Resource is 17th July 2017
* Mineral Resources have been reported above a (1.0 g/t cut-off)
* Numbers may not add exactly due to rounding.
* Resource Estimate was prepared by Mr. Robert Davies B.Sc., European
Geologist (EurGeol) and Chartered Geologist (CGeol). Mr Davies is a Senior
Resource Geologist and Competent Person as defined by the JORC code.
* The last site visit was conducted by Mr. Joe Hirst B.Sc, M.Sc., European
Geologist (EurGeol) and Chartered Geologist (CGeol), between the 25th and
27th of November 2015. Mr Hirst i