Business
Progress Report - Correction
Progress Report - Correction.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \nThis announcement replaces the earlier announcement released at 11.46 under\nreference number PRNUK-0604061144-EF47 due to a small typographical error.\n\n 6 APRIL, 2006\n\n CONROY INCREASES EXPLORATION FIELD STAFF \n AS POSITIVE RESULTS CONTINUE \n\n * Deep Overburden Sampling Yields Two New Zones Of Gold Mineralisation\n \n * Common NW-SE Mineralised Trend Found In Several Separate Locations\n \n * Suggestions Of New Gold Zone Linked To Tullybuck-Lisglassan Gold Deposit\n \nConroy Diamonds and Gold P.l.c. (CDG) (\"Conroy\" or the \"Company\") has added to\nits field teams as a result of continued positive results from its ongoing gold\nexploration programme on its extensive licences in the Longford-Down Massif in\nthe north of Ireland.\n\nTwo new zones of gold mineralisation have been identified by the Company's\nprogramme of closely-spaced deep overburden sampling within the Armagh-Monaghan\nGold Belt.\n\nThe discoveries at Cargy (Co Armagh) and Rackwallace (Co Monaghan) lie\nnorth-east and south-west respectively of the Company's Tullybuck-Lisglassan\ngold deposit and tie in well with previous results from the latter and other\ngold discoveries made by Conroy in the area. In particular, the mineralisation\nin both new finds has the same NW-SE trend which is present at Target 2 to the\nsouth-east of Tullybuck-Lisglassan.\n\nThe identification of a common NW-SE trend to mineralisation in Cargy and\nRackwallace supports the Company's belief that Target 2 could open up a new\nzone of gold mineralisation connecting to that at Tullybuck-Lisglassan and may\nbe related to a crucial element of Conroy's geological model for the\nArmagh-Monaghan Gold Belt which is that the focus of gold mineralisation is\ndetermined by the intersection of cross- cutting structures with a major\nNNE-SSW trending feature, the Orlock Bridge Fault.\n\nGold values of up to 190ppb (parts per billion) were returned from deep\noverburden samples in the Cargy area where a 300m long anomalous linear feature\nwas outlined which has a NW-SE orientation and is open in both directions. A\nsimilar-sized mineralised linear trend outlined at Rackwallace also has a NW-SE\ntrend and is open in both directions. Deep overburden sampling at Rackwallace\nreturned gold values of up to 125ppb.\n\nThe Company views these values as very high when compared with an average\na...