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Conroy Gold discovers new gold target in the Longford-Down Massif

The anomaly is aligned on a similar trend to the gold lodes in the Clontibret gold deposit where the company has a gold resource of 517,000 ounces

Conroy Gold and Natural Resources PLC -

Conroy Gold and Natural Resources PLC (AIM:CGNR, FRA:FKV1) discovered an extensive new gold-in-soil target on its licence area in the Longford-Down Massif in Ireland.

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. 

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on 13/8/21

2 min read