Conroy Gold & Natural Resources Plc Gold zones intersected at Clay Lake

 
TIDMCGNR 
 
20 December 2023 
 
[2011 Jan 28 CGNR Logo] 
 
Conroy Gold and Natural Resources PLC 
 
("Conroy Gold" or "the Company") 
 
ADDITIONAL WIDE GOLD ZONES INTERSECTED IN STEP OUT DRILL PROGRAMME AT CLAY LAKE 
 
  · 80 metres gold zone intersection at 0.5 g/t gold including 9 metres at 1.0 
g/t gold 
 
  · 32 metres gold zone intersection at 0.7 g/t gold with grades up to 3.1 g/t 
gold 
 
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce assay 
results from two further drill holes in its step out drill programme on the 
Derryhennet section of its Clay Lake gold target in County Armagh, Northern 
Ireland. The results included an 80.0 metre gold zone intersection at 0.5 g/t 
gold including 9.0 metres at 1.0 g/t gold and a 32.0 metre gold zone 
intersection at 0.7 g/t gold with grades up to 3.1 g/t gold. The drilling 
programme is being carried out in conjunction with the Company's joint venture 
partner, Demir Export A.S ("Demir Export"). 
 
The first drill hole, CGA-22-003, was drilled to a down hole depth of 201.0 
metres and intersected 32.0 metres grading 0.7 g/t gold, with grades going up to 
3.1 g/t gold, from a down hole depth of 105.0 metres. 
 
The second drill hole, CGA-22-004, was drilled to a down hole depth of 317.5 
metres and intersected 80.0 metres at 0.5g/t gold, including 9.0 metres at 1.0 
g/t gold, from a depth of 33.0 metres. 
 
The drill holes indicate significantly wide and shallow mineralised zones. 
 
The 80.0 metre intersection in the second drill hole is c.100m to the southwest 
of where the Company intersected 100.0 metres at 0.6 g/t gold, at a depth of 
26.4 metres, which is believed to be the longest continuous gold intersection in 
the British Isles. Both drill holes were on the same drill section line and, 
together with previous drilling on the Clay Lake gold target, demonstrate both 
continuity of the gold stockwork zone and that the gold mineralisation remains 
open. 
 
The continued intersection of wide zones of gold mineralisation in the very 
large Clay Lake gold target extends for 3km in length, and is in many areas 2km 
in width, and as such indicates its potential for high tonnage and overall gold 
content. 
 
The Clay Lake gold target is situated in the northern eastern section of the 
65km Orlock Bridge gold trend. The Orlock Bridge gold trend is one of two 
district scale gold trends, (the other being the Skullmartin gold trend, 10km to 
the south) which the Company has discovered in the Longford- Down Massif in 
Ireland.  A series of gold targets, including Clay Lake, have been discovered 
along both gold trends. 
 
Intercepts from the two drill holes (totalling c.518.5m) at the Clay Lake gold 
target include: 
 
CGA-22-004 
 
·2.5m @ 0.6 g/t Au from 19.5m 
 
·80.0m @ 0.5 g/t Au from 33.0m inc. 9.0m @ 1.0 g/t Au from 54.0m 
 
·2.0m @ 0.6 g/t Au from 189.0m 
 
·1.0m @ 0.4 g/t Au from 198.0m 
 
CGA-22-003 
 
  · 1.0m @ 0.5 g/t Au from 46.0m 
  · 1.0m @ 0.6 g/t Au from 50.0m 
  · 1.0m @ 0.4 g/t Au from 68.0m 
  · 1.0m @ 0.5 g/t Au from 73.0m 
  · 1.0m @ 0.4 g/t Au from 100.0m 
  · 32.0m @ 0.7 g/t Au inc. 1.0xm @ 3.1 g/t Au from 105.0m 
  · 1.0m @ 0.4 g/t Au from 162.0m 
  · 1.0m @ 1.0 g/t Au from 165.0m 
 
(Only intercepts of 0.3 g/t or greater are presented) 
 
All samples were analysed by ALS (OMAC Laboratories) Loughrea using Au-ICP21 (Au 
by fire assay and ICP-AES 30g sample). 
 
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: 
 
"These excellent results re-affirm the potential of the Clay Lake gold target 
for both high tonnage and overall gold content and taken in conjunction with the 
sheer size of the target indicate that the Clay Lake gold target could be, in 
the Board's view, of world class significance." 
 
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 
Peterhouse Capital Limited (Broker)    Tel:+44-20-7469-0930 
 
Lucy Williams / Duncan Vasey           Tel: +44-20-3290-0707 
 
Lothbury Financial Services 
Michael Padley 
Hall Communications                    Tel: +353-1-660-9377 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
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