23 June 2014
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
GOLD ZONES AT SURFACE ON THE SLIEVE GLAH GOLD TARGET IDENTIFIED BY ROCK CHIP
GRAB SAMPLING
* 1.7g/t Gold from Rock Chip Grab Sample
* Gold present in Black Carbonaceous Shales
* New Gold-in-Bedrock Target 3km (2 Miles) from Previous Gold-in-Bedrock
drilled in Slieve Glah
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development company focused on Ireland, is pleased to announce
the discovery of a series of gold zones at surface on its Slieve Glah gold
target. These gold zones were identified by rock chip grab sampling. The zones
occur on the most Southeastern gold target (Target area 1) of the Slieve Glah
gold targets in Co. Cavan. They are the first gold-in-bedrock results recorded
within Target area 1. They are located over 3km (2 miles) from previous
gold-in-bedrock results identified through trenching and drilling within Target
area 2 of Slieve Glah.
The Company has previously identified, through geophysics and soil sampling,
four large gold targets areas at Slieve Glah. These gold target areas appear to
be structurally controlled. They occur as a series of right angle zones
adjacent to the Orlock Bridge Fault. This major structural fault is believed to
be an important influencing factor on mineralisation in the region. At Slieve
Glah the fault undergoes a pronounced strike swing. The Company believes that
this strike swing may be of significance in relation to potential
mineralisation in the area.
The grab samples included a high result of 1.7g/t gold and 0.38g/t, 0.35 g/t
and 0.28g/t gold from black carbonaceous pyrite shales.
The Slieve Glah gold targets lie at the southern end of the 50km (30 miles)
gold trend discovered by the Company. This gold trend stretches from Co. Armagh
in Northern Ireland across Counties Monaghan and Cavan in the Republic of
Ireland.
The Slieve Glah gold targets are located approximately 40km (25 miles) south of
the Clontibret Gold Project in Co. Monaghan where the Company is planning to
develop its first operational gold mine.
This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who 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.
Professor Richard Conroy, Chairman,commented:
"This is very encouraging and adds further evidence of the potential extent of
what we believe is the beginning of a new European gold district"
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Virginia Bull/Simon Clements
Hybridan LLP (Broker) Tel: +44-20-3713-4581
Claire Louise Noyce/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan
Lothbury Financial Services Tel: +44-20-7868-2010
Michael Padley/Michael Spriggs
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com