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CONROY OUTLINES EXTENSIVE GOLD TARGET IN FINLAND
CONROY OUTLINES EXTENSIVE GOLD TARGET IN FINLAND.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \nThis announcement replaces an earlier announcement that was released at\n07.00am. The reason for this correction is a minor typographical error in the\nfirst bullet point.\n\nThe attached announcement represents the full and corrected text.\n\n DECEMBER 8, 2006\n\n Conroy Diamonds and Gold Plc (\"The Company\") \n\n CONROY OUTLINES EXTENSIVE GOLD TARGET IN FINLAND \n\n * Gold-in-Soil Values Up To 117ppb In Linear Anomaly Over 750m Long\n \n * New Find Within Sodankyla Area Of Central Lapland Greenstone Belt\n \n * Sampling Also Returns High Levels Of Chrome And Nickel\n \nConroy Diamonds and Gold Plc (AIM: CDG) is pleased to announce the discovery of\nan extensive gold-bearing area following soil sampling on its recently acquired\nSodankyla licences in the Central Lapland Greenstone belt in Finland. These\nlicences are additional to the nine claims in the same greenstone belt which\nwere acquired from Conroy Plc at the beginning of last month.\n\nThe Company says sampling over a wide area at Sodankyla has outlined a shallow\ngold-in-soil linear anomaly measuring over 750m by 300m, with values ranging up\nto 117ppb gold compared with a background of 10ppb. It also returned elevated\nchrome values of up to 2,270ppm (0.23p.c.), together with some elevated nickel\nvalues.\n\nA drilling programme is now being planned to test the extent of the gold\nmineralisation within the area and to further investigate the elevated chrome\nand nickel values. The company has also been granted a claim reservation\ncovering a further 9km2 in the Sodankyla area.\n\nCommenting on the discovery chairman, Professor Richard Conroy, said: \"This is\nearly confirmation that there are indeed exciting gold exploration\nopportunities in this area of Finland, a mining-friendly country with a rapidly\ngrowing gold mining and exploration industry. We are very encouraged by our\nearly success in this new area and look forward building on it as the programme\ndevelops.\"\n\nStudies by the Geological Survey of Finland have highlighted the high potential\nfor gold mineralisation within the Central Lapland Greenstoen Belt where\nCanada's Agnico-Eagle Mines Ltd is currently developing its +2m ounces\nSuurikuusikko gold deposit.\n\nFurther Information:\n\nProfessor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel:\n00-353-1-661-8958\n\nCharles Dampney, Ci...