logo-loader
viewConroy Gold and Natural Resources

Conroy Gold and Natural Resources upbeat over potential in Ireland

"The drill programme has confirmed our belief in multi-million-ounce gold exploration targets on the 65 Kilometre (40 mile) district-scale gold trend"

Conroy Gold and Natural Resources -
Conroy believes it ha a gold district on its hands

Conroy Gold and Natural Resources PLC (LON:CGNR) believes the recent drilling underlines its belief it has a major gold zone on its acreage.

Work in the half-year to November on its licences on the Orlock Bridge Fault confirmed gold bedrock in target area 4, a new gold zone in area 1 and gold mineralisation between the Clontibret deposit and Corcaskea site.

This latter development is particularly significant said Conroy, as it suggests there may be a continuous zone of gold mineralisation between these two deposits.

Richard Conroy, chairman added: “The drill programme has confirmed our belief in multi-million-ounce gold exploration targets on the 65 Kilometre (40 mile) district-scale gold trend we have discovered. 

“We intend to actively continue and accelerate our development and exploration programme along the trend including our first gold mine and to this end we are in talks with a number of potential partners."

Losses after tax were €278,000 in the half-year during which Conroy raised €350,000.

Earlier this month, the junior raised an additional €300,000.

Quick facts: Conroy Gold and Natural Resources

Price: 7.5 GBX

AIM:CGNR
Market: AIM
Market Cap: £1.97 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Conroy Gold and Natural Resources named herein, including the promotion by the Company of Conroy Gold and Natural Resources in any Content on...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Conroy Gold hosting site visits as it looks to secure a partner for Clontibret

Conroy Gold and Natural Resources PLC's (LON:CGNR) Professor Richard Conroy caught up with Proactive's Andrew Scott while at the PDAC conference in Toronto. He says a number of site visits have been held recently by potential joint venture partners as they look to 'put the foot down' on...

4 weeks, 2 days ago

2 min read