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Conroy Gold transforms its understanding of Clay Lake with the acquisition of new data

Conroy Gold has a substantial land position in Ireland

Conroy Gold and Natural Resources PLC -

Conroy Gold and Natural Resources PLC (LON:CGNR) has released results from a ground geophysical survey over the Cargalisgorran part of the Clay Lake gold target.

The reinterpretation of the geology using the new geophysical data has had a transformative impact on understanding the subsurface geology and gold mineralisation at the Cargalisgorran target.  

The interpretation highlights details of the gold mineralisation trend and newly discovered parallel structures, upgrading the discovery potential for additional gold mineralisation.

The Cargalisgorran part of the Clay Lake gold target has already generated significant results from drilling, including 6.6 metres at 6.2 grams per tonne gold.

The value of such geophysical data in relation to drilling has been demonstrated on the Derryhennet part of the Clay Lake gold target, where the data indicated a geological feature which, on subsequent drilling, yielded a drill intersection of approximately 100 metres grading 0.6 grams per tonne gold, one of the longest publicly recorded gold drill intersections in Britain or Ireland.

“We consider there is substantial potential to increase our compliant gold resource, accelerate Clontibret mine development and also to test the geological comparability of our Clontibret deposit to the Fosterville deposit in Victoria, Australia, where the occurrence of visible gold is becoming increasingly significant at depth,” said Professor Richard Conroy.

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Price: 24.5 GBX

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Conroy Gold and Natural Resources on latest drilling results at Clay Lake...

Conroy Gold and Natural Resources PLC (AIM:CGNR, FRA:FKV1)'s (LON:CGNR) chairman Professor Richard Conroy joins Proactive London to discuss news of significant gold intersections from drilling in the Cargalisgorran section of its Clay Lake gold target.  Conroy explains how they have...

on 13/8/21

2 min read