Business
Final Results
Final Results.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n 29 November 2023 Conroy Gold and Natural Resources plc(“Conroy Gold” or “the Company”) FINAL RESULTS FOR THE YEAR TO 31 MAY 2023NOTICE OF ANNUAL GENERAL MEETING Conroy Gold and Natural Resources plc (AIM: CGNR), the gold and base metals exploration and development company, is pleased to report its audited accounts for the year to 31 May 2023. Highlights: \tJoint Venture (\"JV\") with Demir Export A.Ş. (“Demir Export”) with the primary aim of developing one or more gold mines in the Longford – Down Massif in Ireland became fully operational. The investment by Demir Export is directly into three operating companies, wholly owned subsidiaries of Conroy Gold, which have been established to hold and operate the various licences in the JV. \tA major feature of the year was the discovery of a second district scale gold trend in the Longford-Down Massif in Ireland, along a geological structure known as the Skullmartin Fault Zone. \tAn extensive drilling programme across the licence area has yielded important and exciting results. These included a continuous gold intersection of 40m @ 1.2 g/t Au discovered on the Derryhennet section of the very large Clay Lake gold target in Co Armagh indicating the overall potential of the Clay Lake gold target for high tonnage and gold content. \tIn addition step-out and stockwork drilling on the Clontibret gold deposit has shown continuity between the Clontibret gold deposit and the Corcaskea gold target. \tAt Creenkill, on the newly discovered gold trend, visible gold and gold assay results of up to 123g/t Au (4oz tonne gold) were discovered in quartz breccia bedrock. Chairman, Professor Richard Conroy, commented: “The Joint Venture with Demir Export is now fully operational and during the year an extensive drill programme of 6,000m was undertaken and a new gold district discovered. Excellent drilling results have indicated the potential of the Clay Lake good target for high tonnage and gold content and the continuity of the Clontibret gold deposit with the Corcaskea gold target. We look forward to continued successful progress.” Annual Report and Accounts for the year to 31 May 2023 The full audited annual report and accounts for the year to 31 May 2023 will be posted to shareholde...