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Conroy Gold identifies new gold zone at Cargalisgorran section of Clay Lake target

Published: 07:22 12 Aug 2021 BST

Conroy Gold and Natural Resources PLC -

Conroy Gold and Natural Resources PLC (AIM:CGNR, FRA:FKV1) announced significant gold intersections from drilling in the Cargalisgorran section of its Clay Lake gold target in the Longford-Down Massif in Ireland, where it has discovered a new 65km long gold zone.

Three gold zones were intersected in a vertical hole drilled to a depth of 103 metres: 1.0 metre at 0.7 grammes a tonne (g/t) gold; 3.5 metres at 0.6 g/t gold; and 2.0 metres at 3.8 g/t gold from a depth of 72.50 metres.

The last intersection also identified a new zone of gold mineralisation below the previously known gold zones, closer to surface, which included intersections of 6.6 metres at 6.1 g/t gold and 22.0 metres at 2.0 g/t gold.

“These drilling results, combined with the previous results from the Clay Lake gold target, where high grade and wide gold intersections have been recorded, further indicate the significant potential of this extensive gold target,” said chairman Professor Richard Conroy.

"I look forward to receiving further results from the company’s ongoing drilling programme on its licences in the Longford-Down Massif in due course, and to the finalisation of the proposed joint venture with Demir Export A.S,” he added.

READ: Conroy Gold agrees Clontibret partnership with Turkish powerhouse Demir Export

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