Business
Half-yearly results for the 6 months to 30 Nove...
Half-yearly results for the 6 months to 30 Nove....
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n This announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (amendment) (EU Exit) Regulations 2019/310.\n 28 February 2023\n Conroy Gold and Natural Resources plc\n (“Conroy” or the “Company”)\n Half-yearly results for the six months ended 30 November 2022\n Conroy (AIM: CGNR), the Irish-based resource company exploring and developing gold projects in Ireland and Finland, is pleased to announce its results for the six months ended 30 November 2022. Details of these can be found below and a full copy of the statement can be viewed on the Company’s website.\n Highlights:\n \n \n The Company’s Joint Venture (“JV”), with Demir Export A.\n S\n (“Demir Export”), to explore and develop the new district scale gold trend is now well under way with highly encouraging initial results\n \n \n \n \n Three gold lodes with grades up to 8.3 g/t over 0.5 metre were intersected, indicating continuity between the Clontibret gold deposit and the Corcaskea gold target\n \n \n \n \n Post period,\n a new area of gold mineralisation was discovered with visible (native) gold and assay results of up to 123 g/t gold returned in quartz breccia samples\n \n \n \n \n A drilling programme on the nearby Clay Lake gold target, which has an even greater gold-in-soil footprint than the Clontibret gold target, has commenced\n \n \n \n \n Further drilling will be directed towards confirming the overall gold potential of the JV licence area\n \n \n Professor Richard Conroy, Chairman, commented:\n “The new discovery, made post period, is potentially a transformational event for gold exploration and development in this very large gold district which the Company has discovered.\n The presence of visible gold and the outstanding gold grades of up to 123 g/t gold (4oz/t gold) in these initial samples are exceptional and, taken in conjunction with the Company’s other significant discoveries, indicate the potential for the district to become a Tier 1 gold area.\n I look forward to the Company fulfilling, in conjunction with its JV partner Demir Export, the JV’s primary aim of bringing in a gold mine at Clontibret, or elsewhere along the gold trend, and ultimately, a series of gold mines.\" \n \n \n \n \n \n For further information please contact\n \n :\n \n \n \n \n Conroy Gold and Natural Resources PLC\n \n \n Tel: ...