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2 Jun 2016 07:00
CONROY GOLD & NATURAL RESOURCES PLC - Conroy Commences its Drilling ProgrammeCONROY GOLD & NATURAL RESOURCES PLC - Conroy Commences its Drilling Programme
PR Newswire
London, June 1
2 June 2016
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
Conroy Commences its Drilling Programme
__________________________________________________________________
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the Irish based resource company exploring and developing gold and other projects in Ireland and Finland, is pleased to announce it has commenced a drilling programme on its licences on the Glenish and Clay Lake - Clontibret gold prospects in Ireland.
The drilling programme on the Glenish gold target will comprise a minimum of three drill holes. Glenish is a large, 147 hectares, gold target located 7.5km southwest of Clontibret, at the junction of two major geological structures – the Orlock Bridge and Glenish Faults. Previous channel sampling has shown levels of up to 1.3m@9.4g/t gold.
The programme, which will also fulfil work commitments on the licence, is designed to test for the possible presence of gold-in-bedrock in the southern portion of the Glenish target area.
Drilling at the Glenish gold target will be followed by drilling on the Company’s combined Clay-Lake, Clontibret gold project where the Company has a projected target resource of 5 million oz. gold.
This release has been approved by Kevin McNulty PGeo, who is a member of the Company’s technical staff, who 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 very pleased that we have commenced our current drilling programme. I look forward to the results of the drilling on our Glenish gold target and on the combined Clay Lake-Clontibret gold project”.
For further information, please contact:
| Conroy Gold and Natural Resources plc | Tel: +353-1-661-8958 |
| Professor Richard Conroy, Chairman | |
| Allenby Capital Limited (Nomad) | Tel: +44-20-3328-5656 |
| Virginia Bull/James Thomas | |
| Hybridan LLP (Broker) | Tel: +44-20-3764 2341 |
| Claire Louise Noyce/Niall Pearson/William Lynne | |
| IBI Corporate Finance Limited (ESM Adviser) | Tel: +353-766-234-800 |
| Ger Heffernan / Jan Fitzell | |
| Lothbury Financial Services | Tel: +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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