Conroy Gld&nres Regulatory News (CGNR)

6 Apr 2006 11:46

6 APRIL, 2006 CONROY INCREASES EXPLORATION FIELD STAFF AS POSITIVE RESULTS CONTINUE * Deep Overburden Sampling Yields Two New Zones Of Gold Mineralisation * Common NW-SE Mineralised Trend Found In Several Separate Locations * Suggestions Of New Gold Zone Linked To Tullybuck-Lisglassan Gold Deposit Conroy Diamonds and Gold P.l.c. (CDG) ("Conroy" or the "Company") has added toits field teams as a result of continued positive results from its ongoing goldexploration programme on its licences in the Longford-Down Massif in the northof Ireland.Two new zones of gold mineralisation have been identified by the Company'sprogramme of closely-spaced deep overburden sampling within the Armagh-MonaghanGold Belt.The discoveries at Cargy (Co Armagh) and Rackwallace (Co Monaghan) lienorth-east and south-west respectively of the Company's Tullybuck-Lisglassangold deposit and tie in well with previous results from the latter and othergold discoveries made by Conroy in the area. In particular, the mineralisationin both new finds has the same NW-SE trend which is present at Target 2 to thesouth-east of Tullybuck-Lisglassan.The identification of a common NW-SE trend to mineralisation in Cargy andRackwallace supports the Company's belief that Target 2 could open up a newzone of gold mineralisation connecting to that at Tullybuck-Lisglassan and maybe related to a crucial element of Conroy's geological model for theArmagh-Monaghan Gold Belt which is that the focus of gold mineralisation isdetermined by the intersection of cross- cutting structures with a majorNNE-SSW trending feature, the Orlock Bridge Fault.[Gold values of up to 190ppb (parts per billion) were returned from deepoverburden samples in the Cargy area where a 300m long anomalous linear featurewas outlined which has a NW-SE orientation and is open in both directions. Asimilar-sized mineralised linear trend outlined at Rackwallace also has a NW-SEtrend and is open in both directions. Deep overburden sampling at Rackwallacereturned gold values of up to 125ppb.The Company views these values as very high when compared with an averageanomalous baseline value of 10ppb gold in the Longford-Down Massif. [ [Basis?]The two new discoveries are additional to those made during the Company'sprogramme to sample the 10 targets in the vicinity of Tullybuck-Lisglassanwhich were originally identified by regional shallow soil geochemistry.Further Information:Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel:00-353-1-661-8958Charles Dampney, City Capital Securities Ltd. Tel: 020-7822-7107Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518Visit website at: www.conroydiamondsandgold.comENDCONROY DIAMONDS & GOLD PLC