leadf
logo-loader
viewConroy Gold and Natural Resources

Conroy Gold receives final remaining amount from February placing

The proceeds will be used to support exploration work

Conroy Gold and Natural Resources -

Conroy Gold and Natural Resources PLC (LON:CGNR) has successfully completed its £302,500 fundraising. 

After broker Brandon Hill carried out the placing on 21 February, on Friday the final outstanding £100,000 was received.

Conroy said it is currently planning its fieldwork programme, inlcuding drilling, and preparing to resume work on site in Ireland when coronavirus restrictions are lifted.

“The primary emphasis in the drilling programme will be on infill drilling of the company’s Clontibret gold deposit, to convert inferred resources into indicated resources and to increase the overall resource,” the company said.

The AIM-listed company’s first mine is being developed on a gold trend it discovered at Clontibret, Clay Lake and Glenish, which are located along the Orlock Bridge fault in northeastern Ireland.

Conroy said it is also in continuing discussions “with a view to agreeing a joint venture partnership with a suitable industry partner for exploration and development of its licences in the Longford–Down Massif”.

Quick facts: Conroy Gold and Natural Resources

Price: 30.99 GBX

AIM:CGNR
Market: AIM
Market Cap: £9.9 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

'Rapid development' of Clontibret gold deposit expected following Conroy...

Mining Capital's Alastair Ford discusses the Anglo Asian Mining PLC (LON:AAZ) and Conroy Gold and Natural Resources PLC (LON:CGNR) joint venture announced this week. The idea is to further develop the Longford Down Massif gold project in Ireland, which up until now has been worked solely by...

on 24/7/20

2 min read