The discovery lies between the AIM-listed company’s Derryhennet gold target, where it has identified significant grades and widths of gold-in-bedrock, and the site where the Clay Lake Gold nugget was discovered in the 1980s, with a weight of 30.05 grammes and gold content of 28 grammes.
The new target covers an area of approximately 700 metres by 250 metres and trends north northwest – south southeast.
“This discovery highlights the continued potential for new gold discoveries on the company’s licences in the district scale gold trend which it has discovered in the Longford-Down Massif,” said chairman Professor Richard Conroy.
“The new anomaly is in addition to the series of potentially multi-million ounce gold targets already discovered by the company along the trend.”
The discovery was made during a detailed follow up soil sampling programme, which identified 15 samples above 10 parts per billion (ppb) gold, including one of 92ppb gold.
Conroy Gold’s drilling programme in the Longford- Down Massif continues and the company is awaiting results from drilling at Clontibret and Cargalisgorran.