Business
Further Positive Results From Clontibret
Further Positive Results From Clontibret.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n 21 June 201\n\n \n Conroy Gold and Natural Resources plc \n\n (\"Conroy\" or \"the Company\") \n\n Further Positive Results from Clontibret Infill Drilling\n\n * 8.4 metres of 2.00 grammes per tonne (g/t) gold, including 2.4 metres of\n 4.61 g/t\n \n * 6.8 metres of 1.20 grammes per tonne (g/t) gold, including 2.5 metres of\n 2.31 g/t\n \n * Results derived from two additional drill holes in 3,500 metres infill\n drilling programme\n \nConroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce that it has received\nfurther positive results from two additional drill holes completed in its\nongoing 3,500 metres infill drilling programme at its Clontibret gold project,\nin Co. Monaghan, Ireland, where the Company plans to develop a conventional\nopen pit gold mine.\n\nThe Company's strategy is to bring a mine into operation as soon as possible.\nThe infill drilling is designed to enhance the resource, evaluate possible\nstrike and down-dip extensions and to provide material for metallurgical test\nwork.\n\nOne of the two holes drilled was angled and 169 metres in length, to a vertical\ndepth of approximately 120 metres. The drill hole intersected 8.40 metres of\n2.00 g/t gold from 94.6 metres including 2.40 metres of 4.61 g/t gold from 94.6\nmetres and 1.20 metres of 3.27 g/t gold from 128.30 metres including 0.75\nmetres of 5.21 g/t gold from 128.75 metres.\n\nDrill Hole From (m) Intercept (m) Au (g/t) \n \nIntersection 94.60 8.40 2.00\n \nincl. 94.60 2.40 4.61\n \nIntersection 128.30 1.20 3.27\n \nincl. 128.75 0.75 5.21\n\nThe other drill hole was also angled and 164 metres in length, to a vertical\ndepth of approximately 116 metres. This drill hole intersected 2.20 metres of\n0.58 g/t gold from 26.8 metres and 2.05 metres of 1.08 g/t gold from 34.45\nmetres and 6.80 metres of 1.20 g/t from 75.5 metres including 0.95 metres at\n2.46 g/t and 2.50 metres at 2.31 g/t from 85.90 metres.\n\nDrill Hole From (m) Intercept (m) Au (g/t) \n \nIntersection 26.8 2.20 0.58\n \nIntersection 34.45 2.05 1.08\n \nIntersection 75.50 6.80 1.20\n \nincl. 75.50 0.95 2.46\n \nincl. 85.90 2.50 2.31\n\nArenites were the main lithology encountered in the holes with some smaller\namounts of Argillite.\n\nThe infill drilling programme follows on from the positive results (on both\ntechnical and financial grounds) of the scoping study completed by Wardrop...