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Drilling Report
Drilling Report.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n \n 23 FEBRUARY, 2006\n\n Conroy Diamonds and Gold plc \n\n IN-HOUSE STUDY OF SHUTTLE/LANDSAT DATA \n\n ENABLES CONROY TO IDENTIFY \n\n LARGE NEW AREA OF INTEREST ON ITS IRISH LICENCES \n\n * Central Structural Zone Has Potential For World-Class Gold Deposit,\n Chairman\n \n * Company Adopts Innovative Approach Using Lineament Analysis\n \n * Over 30 Targets Identified With Similar Structural Features To Known\n Deposits\n \nConroy Diamonds and Gold plc is pleased to announce that recently completed\nin-house studies of the geological lineaments on its Longford-Down Massif\nexploration licences in the north of Ireland have identified more than 30 new\nstructural targets, none of which have been covered by its previous soil\ngeochemistry sampling programmes.\n\nThe Company was able to pick out the new targets because the lineament analysis\nalso highlighted its previous gold discoveries on its 1,500km2 licence area in\nthe Massif. This gave the Company an important 'control' enabling it to\nidentify many new areas which show similar structural features - specifically\nthe intersection of cross-cutting features with the Orlock Bridge Fault. This\nmajor fault is believed to be a controlling factor on gold mineralisation\nwithin the Longford-Down Massif.\n\nMany of the newly identified targets are located in a major new zone, the\nCentral Structural Zone, which lies approximately mid-way between the Company's\nArmagh-Monaghan Gold Belt and its Slieve Glah prospect some 45km to the\nsouth-west.\n\nThe lineament studies were based on Enhanced Thematic Mapping (ETM), derived\nfrom Landsat data, and Digital Terrane Modelling (DTM), which is based on radar\ndata collected by NASA's Space Shuttle programme. The in-house analysis was\nundertaken as a follow-up to the broader lineament study made by SRK Consulting\nin its 2004 review of Conroy's exploration licences.\n\nThis latest work shows that this central zone, which extends over an area of at\nleast 50km2, hosts a series of major cross-cutting features which intersect the\nOrlock Bridge Fault. Similar such features have been shown to be the focus of\ngold mineralisation in other localities already drilled by the Company, such as\nTullybuck-Lisglassan, Co Monaghan, and Cargalisgorran, Co Armagh.\n\nCommenting today, Professor Richard Conroy, chairman, said: 'In adopting this\nnew ...