Business
Stmnt re Annual Report
Stmnt re Annual Report.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n Conroy Diamonds & Gold PLC\n12 October 2000\n\nCONROY DRILLS ITS BEST-EVER GOLD INTERSECTION\nAT TULLYBUCK-LISGLASSAN DEPOSIT\n\n* Shallow Intercept Of 14.4g/t Gold Over 2.84m Includes 1.77m Grading 22g/t\n\n* Long-Term Benefits Expected From Company's 'Fundamental And Unique \nUnderstanding' Of Regional Gold Deposition\n\n* 'Excellent Results' From Other Parts of Armagh-Monaghan Gold Belt\n\nAIM-listed Conroy Diamonds and Gold Plc has achieved its best-ever\nintersection of 14.40g/t gold (nearly 1/2 oz/t) over a mineable width of 2.84m\nfrom the latest programme of shallow drilling at its Tullybuck-Lisglassan\ndeposit in County Monaghan, Ireland, says chairman Professor Richard Conroy in\nthe annual report for the year ended May 31, 2000.\n \nIn addition, 'excellent results' have also been returned from recent fieldwork\non the company's other prospects in the region, including the identification\nof additional 'very extensive' geochemical gold anomalies on its prospecting\nlicences in County Armagh. Over 400m of surface trenching has been completed\non one anomaly and channel samples have returned elevated bedrock values of\npotential economic interest for both gold and base metals over intervals of\nmore than 10m.\n\nCommenting on the latest drilling programme, Professor Conroy says it\nsuccessfully achieved the primary objective of proving vertical continuity of\ngold mineralisation within a single lode structure at Tullybuck-Lisglassan. \nOne hole intersected 10.04g/t gold over 1.59m at a down-hole depth of 25m and\nthe second, quoted above, returned 14.40g/t over 2.84m from the same lode at a\ndepth of 46m, including a continuous 1.77m section which averaged 22g/t. \nThese results are 'excellent in themselves and also show that gold\nmineralisation continues and increases in grade at depth'.\n\nThe combination of impressive drilling data and encouraging results from other\nfieldwork programmes is also important to Conroy for a more fundamental\nreason, however. It expands the company's reservoir of knowledge about the\ndevelopment of mineralisation at the Tullybuck-Lisglassan deposit as well as\nwithin the Longford-Down Massif. This is the major geological structure which\nhosts both this deposit and the larger Armagh-Monaghan gold field of which it\nis a part.\n\nAccumulated over three years from the results of loc...