Business
Conroy Commences its Drilling Programme
Conroy Commences its Drilling Programme.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n2 June 2016\n\nConroy Gold and Natural Resources plc\n\n(“Conroy†or “the Companyâ€)\n\nConroy Commences its Drilling Programme\n\n__________________________________________________________________\n\nConroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the Irish based resource company exploring and developing gold and other projects in Ireland and Finland, is pleased to announce it has commenced a drilling programme on its licences on the Glenish and Clay Lake - Clontibret gold prospects in Ireland.\n\nThe drilling programme on the Glenish gold target will comprise a minimum of three drill holes. Glenish is a large, 147 hectares, gold target located 7.5km southwest of Clontibret, at the junction of two major geological structures – the Orlock Bridge and Glenish Faults. Previous channel sampling has shown levels of up to [email protected]/t gold.\n\nThe programme, which will also fulfil work commitments on the licence, is designed to test for the possible presence of gold-in-bedrock in the southern portion of the Glenish target area.\n\nDrilling at the Glenish gold target will be followed by drilling on the Company’s combined Clay-Lake, Clontibret gold project where the Company has a projected target resource of 5 million oz. gold.\n\nThis release has been approved by Kevin McNulty PGeo, who is a member of the Company’s technical staff, who 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. \n\nProfessor Richard Conroy, Chairman, commented:\n\n“I am very pleased that we have commenced our current drilling programme. I look forward to the results of the drilling on our Glenish gold target and on the combined Clay Lake-Clontibret gold projectâ€.\n\nFor further information, please contact:\n\n\n\nConroy Gold and Natural Resources plc\nTel: +353-1-661-8958\n\n\n\nProfessor Richard Conroy, Chairman\n\n\n\n\nAllenby Capital Limited (Nomad)\nTel: +44-20-3328-5656\n\n\n\nVirginia Bull/James Thomas\n\n\n\n\nHybridan LLP (Broker)\nTel: +44-20-3764 2341\n\n\n\nClaire Louise Noyce/Niall Pearson/William Lynne\n\n\n\n\nIBI Corporate Finance Limited (ESM Adviser) \nTel: +353-766-234-800\n\n\n\nGer He...