Business
Results from Clontibret Infill Drilling
Results from Clontibret Infill Drilling.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n \n 13 April 2011\n\n \n Conroy Gold and Natural Resources plc \n\n (\"Conroy\" or \"the Company\") \n\n Positive Results from Clontibret Infill Drilling\n\n * 10.15 metres of 4.38 grammes per tonne (g/t) gold, including 2 metres of\n 11.24 g/t\n \n * Results derived from first hole in 3,500 metres infill drilling programme\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 positive results from the first hole completed in\nits planned 3,500 metres infill drilling programme at its Clontibret gold\nproject where the Company has a Joint Ore Reserves Committee (\"JORC\") standard\ncompliant gold resource of over 1 million oz.\n\nThe drill hole was an angled hole 188.10 metres in length, to a vertical depth\nof approximately 133 metres. The drill hole intersected 1.25 metres of 2.29 g/t\ngold from 84 metres and 10.15 metres of 4.38 g/t from 132.4 metres including 2\nmetres at 11.24 g/t and 1.4 metres at 7.92 g/t.\n\nDrill Hole From (m) Intercept (m) Au (g/t) \n \nIntersection 84.00 1.25 2.29\n \nIntersection 132.40 10.15 4.38\n \nincl. 134.50 2.00 11.24\n \nincl. 141.15 1.40 7.92\n\nArenites and argillites (shales) were the main lithologies encountered in the\nhole.\n\nThe infill drilling programme is designed to further define gold zones within\nthe proposed mine area potentially increasing the resource and follows on from\nthe positive results (on both technical and financial grounds) of the scoping\nstudy completed by Wardrop Engineering Inc. The drilling programme will also\nprovide information for mine design purposes together with ore material for\nmetallurgical test work.\n\nCommenting, Chairman, Professor Richard Conroy said:\n\n\"I am very pleased and impressed with the extent and grades of the\nintersections in the first drill hole of our infill drilling programme which\nthe Company has commenced following the positive outcome of the scoping studies\ncarried out by Wardrop Engineering. The programme will allow us to optimise the\nmine design, which shows us initially producing 24,000 ounces of gold per\nannum, and to further define the resource.\n\nFurther Information:\n\nConroy Gold and Natural Resources plc Tel: +353-1-661-8958 \n \nProfessor Richard Conroy, Chairman \n \nMercha...