Business
Possitive Results on Clay Lake Drilling
Possitive Results on Clay Lake Drilling.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n 31 March 2011\n\n \n Conroy Gold and Natural Resources plc \n\n (\"Conroy\" or \"the Company\") \n\n Positive Results on Clay Lake Drilling \n\nConroy (AIM: CGNR; ESM: CGNR.I), the Irish based resource company exploring and\ndeveloping gold and other natural resource projects in Ireland, is pleased to\nannounce that it has received further results from itsstep out drilling\nprogramme in the north corner of its Clay Lake gold target in Co. Armagh.\n\n * Three further holes intercept gold mineralisation including\n \n * 11.5 metres of 1.44 g/t gold\n \n * 53 metres of stockwork at 0.60 g/t gold including 10.25 metres at 1.37 g/t\n gold\n \nThe Clay Lake anomaly covers an area of approximately 141 hectares (\"ha\") and\nhas returned the highest gold-in-soil values recorded by the Company on its\nIrish exploration licences. The step out drilling programme builds on previous\npositive gold results which demonstrated the presence of a broad zone of gold\nmineralisation.\n\nThe first drill hole was a near vertical hole designed to intersect the broad\nzone of stockwork (63 metres of 0.62 g/t gold) that had been intersected by an\nangled hole in January 2010. This hole was 158.8 metres in length and\nintersected four zones of mineralisation including the stockwork zone. The four\nintersections were 11.5 metres of 1.44 g/t gold from 26.65 metres of lode zone\nore. This was followed by 53 metres of 0.60g/t gold and minor silver from 50.5\nmetres of stockwork zone ore followed by a 3 metres intersection of 0.88g/t\ngold from 103.5 metres of lode zone ore, followed by a 1.5 metres intersection\nof 1.11g/t gold from 114 metres of lode zone ore. A total intersection in the\nhole of 98.6 metres of 0.57 g/t gold from 26.4 metres was encountered.\n\nArenites and argillites (shales) were the main lithologies in this hole.\n\nDrill Hole From (m) Intercept (m) Au (g/t) \n \nIntersection: 26.65 11.5 1.44 \n \nincl. 26.65 4 1.85 \n \nincl. 32.65 5.5 1.62 \n \nIntersection: 50.5 53 0.60 \n \nincl. 53.75 10.25 1.37 \n \nincl. 99.25 4.25 1.08 \n \nIntersection: 103.5 3 0.88 \n \nIntersection: 114 1.5 1.11 \n\nThe second drill hole was an angled hole to test the continuity of the lode\nzones that had been intersected by an angled hole in January 2010. This hole\nwas 156 metres in length and intersected two zones of mineralisation.\n\nThe two inters...