| Announcement Date: | 2022-02-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | (no Code) |
| Company name: | Conroy Gold and Natural Resources Plc |
| Project name: | Clontibret |
| Location: | Ireland |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 94.5m @ 1.0g/t Au |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, is pleased to announce results from the two holes that were drilled at the Clontibret gold deposit by Demir Export A.Ş, as part of its due diligence and validation programme, prior to entering into the Joint Venture Agreement with Conroy Gold. The drillhole locations and targets were designed by Demir Export and all technical work was undertaken by a professionally accredited independent geological consultant. Drillhole TW001 was designed as validation of a Conroy Gold drillhole and corroborated not only the known lode mineralisation but also targeted the deeper stockwork zone mineralisation that had not yet been tested at depth in this area of the deposit. TW001 confirmed the zone of lode mineralisation previously drilled by Conroy Gold and intersected six lodes that are included in the existing resource model. Two of the lodes assayed 6.0m @ 4.4 g/t Au and 2.7m @ 4.5 g/t Au, respectively. Furthermore, as TW001 was deepened towards the stockwork zone, three further lodes were encountered (1.55m grading 4.0 g/t Au, 2.55m grading 1.9 g/t Au and 0.95m grading 3.5 g/t Au). |
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