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New gold zone discovered at Slieve Glah target
New gold zone discovered at Slieve Glah target.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n14 August 2019\n\nConroy Gold and Natural Resources plc\n\n(“Conroy Gold†or “the Companyâ€)\n\nNEW GOLD ZONE DISCOVERED AT SLIEVE GLAH TARGET\n\nConroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development Company focused on Ireland and Finland, is pleased to report that assay results from two ‘Scout’ drill holes have identified a new gold zone on Target Area 1 of its Slieve Glah exploration property on its licence area in the Longford – Down Massif in Ireland. \n\nHighlights:\n\n\nDrilling identifies 11 metre new zone of gold mineralisation in Slieve Glah Target Area 1\n\n\n\nBoth drill holes intersect gold\n\n\n\nThe new gold zone is located over 1.5km from the gold mineralised zone in Slieve Glah Target Area 2 and over 5.5km from the gold mineralisation in Slieve Glah Target Area 4\n\n\nTwo ‘Scout’ drill holes, totalling 308 metres, were drilled in Slieve Glah Target Area 1. The first drill hole intersected low grade gold mineralisation in bedrock of 1.0 metre at 0.5 g/t Au from 95.0m down hole and 1.0 metre at 0.3 g/t Au from 87.5m down hole in a zone of 11m @ 0.1 g/t Au from 86m. The second hole intersected 4.0 metres of 0.1 g/t Au from 124.0m down hole.. The discovery of gold in bedrock together with extensive sulphide mineralisation proves the presence of the mineralising system, which the Directors believe provides a solid starting point for further exploration.\n\nThe new zone of gold mineralisation identified is located over 1.5km from where previous drilling and trenching discovered gold in Target Area 2 and is over 5.5km from the gold-in-bedrock intersected by drilling on Target Area 4 (as announced by the Company on 3 July 2019). Information from this recent work will help focus on locations where the mineralising system could be higher grade for the ongoing work programme of the Company.\n\nThe Slieve Glah target has a series of four huge / extensive gold-in-soil Target Areas located at the south western end of the 65km (40mile) gold tend discovered by the Company in the Longford-Down Massif. Slieve Glah Target Area 1, alone, encompasses an area 3.5km long by 2.6km wide.\n\nThe Orlock Bridge Fault plays a major role in relation to gold mineralisation in the region; as seen at Clontibret and other locations. At Slieve Glah the Orlock Bridge Fault undergoes a sig...