Conroy Gold & Natural Resources Plc - Intercepts from Step-Out Drilling at Clontibret
· Issued by Conroy Gold & Natural Resources Plc
22 June 2026
[2011 Jan 28 CGNR Logo]
Conroy Gold and Natural Resources plc
("Conroy Gold" or "the Company")
INTERCEPTS FROM STEP-OUT DRILLING ON EASTERN ZONE AT CLONTIBRET INCREASE
CONFIDENCE IN CONTINUITY TOWARDS CORCASKEA
Highlights
· Increased continuity interpreted from Eastern Zone lodes towards Corcaskea
· 4.8 metres at 1.3 g/t Au, including 0.9m @ 3.1 g/t Au
· 1.0 metre at 2.7 g/t Au
Conroy Gold and Natural Resources plc (AIM: CGNR) is pleased to announce assay
results from drillhole CGC-25-005 at Clontibret. Drillhole CGC-25-005 represents
a step-out to the north on the Eastern Zone lodes and is interpreted to
demonstrate increased confidence in the continuity between the Clontibret
deposit and the Corcaskea area.
The significance of CGC-25-005 lies in its location and extends drilling into
the area between the Clontibret resource and the Corcaskea target, where
trenching and surface sampling have returned significant gold values. Historic
drillhole CL84-1 is located c.150m to the south of CGC-25-005 and both
drillholes intersected many of the same interpreted Eastern Zone lodes
indicating confidence in correlation and continuity. Furthermore, four of the
lode zones intercepted in CGC-25-005 are stronger and wider than in CL84-1.
Overall, the new data confirms the continuity of the Eastern Zone of the
mineralised system northwards towards Corcaskea and provides additional support
for the Company's interpretation of persistent gold-bearing lodes extending
northwards.
John Sherman, Chairman of Conroy Gold, commented:
"These results demonstrate further continuity of the Eastern Zone of the
mineralised system at Clontibret towards the Corcaskea area where trenching
previously presented results of 16.5m at 6.5g/t gold. The successful
intersection of multiple mineralised lodes approximately 150 metres north of
previous drilling, together with stronger grade and thickness values in several
zones, is encouraging and provides further evidence of the scale and persistence
of the gold system as we continue to evaluate the potential linkage between
Clontibret resource area and Corcaskea."
Drill Hole CGC-25-005 Assay Results
Drill hole CGC-25-005 intersected nine gold zones/lodes.
CGC-25-005 Intersections
· 2.0m @ 0.6 g/t Au from 13.5m
· 4.8m @ 1.3 g/t Au from 35.2.5m (inc. 0.9m @ 3.1 g/t Au)
· 0.9m @ 0.4 g/t Au from 74.0m
· 0.5m @ 0.5 g/t Au from 186.5m
· 1.0m @ 0.4 g/t Au from 204.0m
· 1.0m @ 2.7 g/t Au from 214.5m
· 1.0m @ 0.4 g/t Au from 347.0m
· 1.0m @ 0.2 g/t Au from 360.0m
· 5.0m @ 0.3 g/t Au from 389.0m
(Only intercepts of 0.2 g/t Au or greater over 1.0m are presented). The hole
was drilled to a depth of 426.6m on an azimuth of 090 degrees at an inclination
of -60 degrees. All samples were analysed by ALS Loughrea (OMAC Laboratories
Ltd.) using Au-ICP21 (Au by fire assay and ICP-AES 30g sample).
[image]
This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff and holds a BSc/MSc in Geology and Remote Sensing, in
accordance with the guidance note for Mining, Oil & Gas Companies issued by the
London Stock Exchange in respect of AIM Companies, which outlines standards of
disclosure for mineral projects.
About the "Discs of Gold" Project
Conroy Gold's "Discs of Gold" project in Ireland is defined by two parallel
district scale gold trends, extending over c.95km, which are 100 per cent. held
under license by the Company and anchored by the Clontibret gold deposit.
The Clontibret target area contains a currently defined JORC (2012) 517Koz gold
resource @ 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)) which
remains open in multiple directions.
The Company has identified a further seven gold targets in its license area with
the Clay Lake and Creenkill gold targets being of particular interest. Gold
occurs in multiple styles in the Company's license area, including free gold,
refractory gold in arsenopyrite and gold associated with pyrite and antimony
(stibnite), suggesting multiple hydrothermal events occurred within the license
area.
There are clear geological analogies between the "Discs of Gold" targets and
large gold deposits in Southeastern Australia and Atlantic Canada.
Technical Glossary
Au Gold
Fire An assay procedure involving heating the sample in a furnace to ensure
Assay complete extraction of all the contained precious metal
g/t Grams per metric tonne
ICP Inductively coupled plasma
ICP Inductively coupled plasma atomic emission spectroscopy
-AES
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
John Sherman, Chairman
Maureen Jones, Managing Director
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Nick Athanas/Nick Harriss
Hybridan LLP (Broker) Tel:+44-20-3764-2341
Claire Louise Noyce Tel: +44-20-3290-0707
Lothbury Financial Services
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
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