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Gold in Bedrock at Clay Lake
Gold in Bedrock at Clay Lake.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n 30 June 2009\n\n Conroy Diamonds and Gold Plc \n (\"Conroy\" or \"the Company\") \n\n FOLLOW-UP SAMPLING AT CLAY LAKE CONFIRMS \n PRESENCE OF GOLD IN BEDROCK \n\n * Gold Values Up To 1.31 g/t In Rock Chip Samples From Stream Bed\n \n * Broader Picture Enhanced By Recent Discovery Of Extensive Zinc-in-Soil\n Anomalies\n \nConroy (AIM:CDG) is pleased to announce that rock chip sampling has confirmed\nthe presence of gold values in bedrock at its new Clay Lake target in Co.\nArmagh, Ireland where the Company has previously identified an extensive\ngold-in-soil anomaly.\n\nThe samples were collected along a 100 metre section of a stream bed in the\nnorth-west part of the target, and all four samples contain gold. The highest\nvalue, 1.31 parts per million (\"ppm\") or 1.31 grams per tonne (\"g/t\") gold, was\nreported from sample CLR 3, and the other three returned gold values of 0.28 g/\nt (CLR 2), 0.12 g/t (CLR 4) and 0.05 g/t (CLR 1).\n\nThe samples were gathered at the same time as geological mapping of the area\nwas being undertaken. As part of this mapping the Company identified a large\nsequence of folded arenites (sandstones) with faulting in the apex of an\nanticline. Two samples were taken from the fault zone - CLR 2 (0.28 g/t) and\nCLR 4 (0.12 g/t), whilst CLR 3, which gave the best gold value, was taken from\na quartz vein within the arenite.\n\nThe Clay Lake target find is located some 7km north-east of the Company's\nClontibret gold discovery in Co. Monaghan where a JORC-compliant resource of\nover one million ounces of gold has thus far been identified on only 20 per\ncent. of the target anomaly.\n\nThe gold-in-soil anomaly at Clay Lake, which measures approximately 2km by 1km\n(141 ha), is larger than that at Clontibret (125ha) and includes the highest\ngold-in-soil values ever recorded by the Company - up to 1.53g/t gold-in-soil.\nIn addition, the average gold-in-soil values are twice the average of those\nrecorded at Clontibret.\n\nCommenting today, Chairman, Professor Richard Conroy said:\n\n\"We are very pleased that our follow-up work on part of the large Clay Lake\nsoil anomaly has found gold in the bedrock, confirming both a local source for\nthe anomaly itself and increasing the likelihood that the Clay Lake gold\nnugget, found in a stream bed in the 1980s, is also locally derived. These\nresults enhanc...