Business
Gold zones at Slieve Glah identified
Gold zones at Slieve Glah identified.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n 23 June 2014\n\n \n Conroy Gold and Natural Resources plc \n\n (\"Conroy\" or \"the Company\") \n\n GOLD ZONES AT SURFACE ON THE SLIEVE GLAH GOLD TARGET IDENTIFIED BY ROCK CHIP \n GRAB SAMPLING \n\n * 1.7g/t Gold from Rock Chip Grab Sample\n \n * Gold present in Black Carbonaceous Shales\n \n * New Gold-in-Bedrock Target 3km (2 Miles) from Previous Gold-in-Bedrock \n drilled in Slieve Glah\n \nConroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold\nexploration and development company focused on Ireland, is pleased to announce\nthe discovery of a series of gold zones at surface on its Slieve Glah gold\ntarget. These gold zones were identified by rock chip grab sampling. The zones\noccur on the most Southeastern gold target (Target area 1) of the Slieve Glah\ngold targets in Co. Cavan. They are the first gold-in-bedrock results recorded\nwithin Target area 1. They are located over 3km (2 miles) from previous\ngold-in-bedrock results identified through trenching and drilling within Target\narea 2 of Slieve Glah.\n\nThe Company has previously identified, through geophysics and soil sampling,\nfour large gold targets areas at Slieve Glah. These gold target areas appear to\nbe structurally controlled. They occur as a series of right angle zones\nadjacent to the Orlock Bridge Fault. This major structural fault is believed to\nbe an important influencing factor on mineralisation in the region. At Slieve\nGlah the fault undergoes a pronounced strike swing. The Company believes that\nthis strike swing may be of significance in relation to potential\nmineralisation in the area.\n\nThe grab samples included a high result of 1.7g/t gold and 0.38g/t, 0.35 g/t\nand 0.28g/t gold from black carbonaceous pyrite shales.\n\nThe Slieve Glah gold targets lie at the southern end of the 50km (30 miles)\ngold trend discovered by the Company. This gold trend stretches from Co. Armagh\nin Northern Ireland across Counties Monaghan and Cavan in the Republic of\nIreland.\n\nThe Slieve Glah gold targets are located approximately 40km (25 miles) south of\nthe Clontibret Gold Project in Co. Monaghan where the Company is planning to\ndevelop its first operational gold mine.\n\nThis release has been approved by Kevin McNulty PGeo, who is a member of the\nCompany's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,\nin acco...