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18 metre Wide Zone of Gold Mineralisation ident...
18 metre Wide Zone of Gold Mineralisation ident....
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n24 November 2009 \n\n Conroy Diamonds and Gold P.l.c. \n\n (\"Conroy\" or \"the Company\") \n\n18 metre Wide Zone of Gold Mineralisation at Clay Lake Identified by Rock Chip \n Sampling \n\n * Values Range Up To 1.69 grammes per tonne (\"g/t\") Gold With Average Of\n 0.47g/t\n \n * Sample Traverse Crosses Trend Of Previously Identified Structures\n \n * Best Values Obtained From Last Three Metres Of Rock Exposure\n \nConroy (AIM:CDG) is pleased to announce that systematic rock chip sampling and\ndetailed geological mapping of a stream bed in the northern corner of its\nextensive Clay Lake gold anomaly in Co. Armagh has returned positive results\nfor gold-in-bedrock, indicating the presence of a broad zone of mineralisation\nand quartz stockwork.\n\nAn 18m wide zone of mineralisation with an average grade of 0.47g/t gold has\nbeen identified within a sequence of shales and quartz stockwork, with\nindividual samples ranging up to 1.69g/t gold. The last three metres of the\nsampled section, up to the limits of rock exposure, returned the highest\nvalues, with an average grade of 1.3g/t gold. The 18m section, which was\nsampled at one metre intervals, also returned elevated silver values of up to\n1.4g/t.\n\nThe presence of silver is interesting in itself and also indicates that the\ngold at Clay Lake has different characteristics to that at Clontibret.\n\nThe sampled stream is located approximately 570m from, and at right angles to,\nthe stream from which previous rock chip sampling results were reported in\nSeptember 2009. As such, the direction of this latest sampling traverse would\ncrosscut the mineralised zones running North-South if these zones have the same\norientation as those in the Company's Clontibret and Cargalisgorran targets.\nThe latest results suggest that gold-associated sulphides at Clay Lake are\ndisseminating into the surrounding host rocks.\n\nThe Clay Lake gold anomaly is located about 7km to the North-East of the\nCompany's Clontibret gold discovery in Co. Monaghan, where a JORC-compliant\nresource of over one million ounces of gold has thus far been identified within\napproximately 20 per cent. of the total target area.\n\nThe Clay Lake gold-in-soil anomaly, which covers an area of about 141ha, is\nlarger than that at Clontibret (125 ha) and has returned the highest\ngold-in-soil values ever recorded b...