5
June 2023
Conroy Gold and Natural Resources plc
(“Conroy” or “the Company”)
GOLD BEARING
QUARTZ BRECCIA ZONE EXTENDED
- Quartz Breccia bedrock extended by over 100m to the North East
- Significant gold assay results recorded in 5 metres of
samples including 1.0m @ 6.5g/t
gold
- Visible native gold observed in new area
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 bedrock channel samples at its Mines Royal
(Newtownhamilton) option area in County
Armagh, Northern Ireland. The quartz bedrock has been
extended to the North East by over 100 metres. Significant gold
assay results included a gold intersection of 1.0m at 6.5 g/t gold. Visible native gold was
also observed. The programme is being carried out in conjunction
with the Company’s joint venture partner, Demir Export A.?.
The channel sampling was conducted over a bedrock exposure of
quartz breccia identified over 100m
to the North East of the recent gold discovery, where samples of
the quartz breccia returned values up to 123.0g/t (announced by the
Company on 22 February 2023).
An eighteen metre length exposure of quartz breccia was
identified and interpreted as a continuation of the structure
identified previously in outcrop and trenching. Channel sampling
consisting of one metre length samples was conducted over this
exposure.
Significant results returned from the channel sampling
programme:
- 1.0m @ 6.5 g/t Au
- 1.0m @ 2.3 g/t Au
- 1.0m @ 1.1 g/t Au
- 1.0m @ 0.7 g/t Au
- 1.0m @ 0.3 g/t Au
(Only intercepts of 0.3 g/t Au or greater are presented)
In addition, a channel sample collected from a nearby fault
gouge returned 1.7 g/t gold.
This sampling programme, combined with the results from the
previous trenching programme (announced by the Company on
15 May 2023), has extended the strike
of the gold bearing quartz breccia zone to over 135m in length.
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:
“I am delighted to see further
evidence of gold prospectivity in this newly discovered gold area
on the joint venture’s Mines Royal (Newtownhamilton) option
area.”
For further information please contact:
Conroy Gold and
Natural Resources plc |
Tel: +353-1-479-6180 |
Professor Richard
Conroy, Chairman |
|
Allenby Capital Limited (Nomad) |
Tel: +44-20-3328-5656 |
Nick Athanas/Nick
Harriss |
|
First Equity Limited (Broker)
Jason Robertson
Lothbury Financial Services |
Tel: +44-20-7330-1883
Tel: +44-20-3290-0707 |
Michael Padley |
|
Hall
Communications |
Tel: +353-1-660-9377 |
Don Hall |
|
Visit the website at: www.conroygold.com