Exploration Claims Granted in Finland
14 November 2014
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
EXPLORATION CLAIMS GRANTED IN FINLAND
* Nine Exploration Claims Granted in the Sodankyla Region
* Claims Cover 789 Hectares (c. 1,950 Acres)
* Gold and Copper Primary Exploration Targets
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development company focused on Ireland and Finland, is pleased
to announce that The Finnish Mining Authority has granted the Company nine
exploration Claims in the Sodankyla region of Northern Finland. We are
delighted to receive these licences having been involved in gold exploration in
Finland for many years.
Sodankyla has become a highly prospective region for gold and copper
exploration, hosting both the world class Kittila gold mine and the Kevitsa
nickel-copper mine.
Previous exploration by Conroy in the Sodankyla area yielded encouraging gold
results. Historic till sampling within the Claim area has reported values of
over 4,000 ppb gold and up to 95 ppm copper.
The nine exploration claims which have been granted together cover an area of
789 Hectares (c. 1,950 Acres).
This release has been approved by Kevin McNulty PGeo, 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.
Professor Richard Conroy, Chairman commented:
"I am delighted that these exploration claims for gold and copper in Finland
have been granted to the Company and look forward to our exploration
programme in Finland adding to our successful gold and base metal exploration in
Ireland. Ireland continues to be the Company's primary focus where we have
discovered a thirty mile gold trend and are currently proposing to develop our
first gold mine along the trend."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Virginia Bull/Simon Clements
Hybridan LLP (Broker) Tel: +44-20-3713-4580
Claire Louise Noyce/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan
Lothbury Financial Services Tel: +44-20-3440-7622
Michael Padley/Michael Spriggs
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
Editors' Note
Conroy has identified a 50km (30 mile) gold trend in Ireland. The licences,
which are 100% owned by the Company, cover c.400 sq. miles (1000km²) and run
from County Armagh in Northern Ireland across Counties Monaghan and Cavan in
the Republic of Ireland. These Claims in Finland add further prospective
European sites to the portfolio.
Along this trend in Ireland there are 5 main gold targets together with
significant base metal anomalies that have been identified. The Company
believes there is potentially over 15 million ounces of gold within the target
areas and at Clontibret in Co Monaghan a definitive mining plan is in course of
development.
Work also continues on the other target areas including the nearby Clay Lake
target, which covers an area of about 141 hectares, and has returned the
highest gold-in-soil values ever recorded by the Company on its Irish
exploration licences. Structural Studies at Clay Lake together with trenching
and drilling results suggest potential for high tonnage and overall gold
content.