Conroy Gold & Natural Resources Plc High gold grades seen in trenching
2023年5月15日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMCGNR
15 May 2023
Conroy Gold and Natural Resources plc
("Conroy" or the "Company")
HIGH GOLD GRADES SEEN IN TRENCHING ON
NORTHERN IRELAND GOLD TARGET
* High grade bedrock gold intersected
* 1m @ 64.3g/t gold in channel samples
* Bedrock source of high grade gold (up to 123.0g/t Au) in breccia samples
confirmed
* 17.5g/t gold in grab sample - 35 metres to south of breccia samples
discovery
Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
assay results from a trenching programme at its Mines Royal (Newtownhamilton)
option area in County Armagh. The results included a gold intersection of 1.0m
at 64.3g/t gold. The programme was carried out in conjunction with the
Company's joint venture partner, Demir Export A.?.
Channel samples returning 1.0m @ 64.3g/t Au from the trenching programme have
confirmed the bedrock source of the high grade (up to 123.0g/t Au) quartz
breccia samples discovered in the area (announced by the Company on 22 February
2023).
Trenching, approximately 35 metres to the south of this discovery, has
identified quartz breccia, interpreted to be the same zone, from which a grab
sample returned 17.5g/t Au.
Systematic sampling of the trenching at this gold target has also identified a
mineralised quartz vein, which returned values up to 2.7g/t Au, together with a
mineralised fault gouge, which returned values up to 0.5g/t Au.
A drilling programme has commenced to follow up on these high grade results.
This release has been approved by EurGeol Andrew Murrells PGeo, who is a member
of the Company's technical staff and holds a BSc in Geology, 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:
"It is highly encouraging to confirm the bedrock source of the high grade gold
mineralisation and to identify gold in quartz breccia over thirty five metres
away in the same target area. This trenching programme has further highlighted
the potential of this area, with further gold zones identified in quartz veins
and fault gouge together with the high grade quartz breccia initially
discovered."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Tel: +44-20-3328-5656
Allenby Capital Limited (Nomad)
Nick Athanas/Nick Harriss
First Equity Limited (Broker) Tel: +44-20-7330-1883
Jason Robertson
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
END
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