Conroy Gld&nres Regulatory News (CGNR)

Conroy Gold & Natural Resources Plc - Clontibret Drilling Update

PR Newswire

London, April 28

30 April 2018

Conroy Gold and Natural Resources plc

(“Conroy” or “the Company”)

DISCOVERY OF FURTHER EXTENSIVE GOLD ZONE - CLONTIBRET DRILLING UPDATE

Conroy Gold and Natural Resources plc (AIM: CGNR), is pleased to report the discovery of a further extensive gold zone from the ongoing drilling programme on the Company’s 100% owned Clontibret gold deposit where a previous gold zone was discovered 30 metres below an historic antimony mine (announced 26 February 2018).

The results below are in respect of the 1,000 metre drill campaign announced by the Company on 12 February 2018. This drill programme is focused on the Clontibret gold deposit where a JORC compliant resource of 517,000 ounces of gold has already been defined on 20% of the Clontibret gold target.

Highlights:

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: “I am delighted at these additional excellent drilling results which include both high grades and wide intersections.

Our technical work on the deposit had identified the historic Tullybuck antimony mine area as a key target and these results confirm the effectiveness of our team’s pre-drilling technical review.

In the context of the Clontibret deposit where we already have a JORC compliant resource of 517,000 ounces of gold from just 20% of the gold-in-soil target tested, these further results are excellent and the confirmation of a further extensive gold zone 30 metres to the south of the historic Tullybuck antimony mine builds significantly on what we have previously identified. The team is delighted with this gold zone discovery and what it means for the Clontibret deposit and our Company as a whole.”

Further news will follow on the current drill programme in the near term.

Further Information

Drilling highlights include:

CDG-18-04

CDG-18-03

CDG-18-02

Drill hole objectives and outcomes:

The drill holes were designed to test the extent of gold mineralisation to the south of the antimony mine in which high grade gold lodes had been indicated by channel samples in the historic Tullybuck antimony mine and where an extensive gold zone was discovered 30 metres below the antimony mine (announced 26 February 2018). A further extensive gold zone to the south of the antimony mine has been identified which included an intersection of 1.2 metres at 21.6g/t gold. 

The drill holes, totalling 461.8 metres in length, intersected 16 gold lodes in total.

For further information please contact:

Visit the website at: www.conroygold.com