Conroy Gold & Natural Resources intersects gold at Clay Lake target

(Alliance News) - Conroy Gold & Natural Resources PLC on Monday said assay results show it has ...

Alliance News 10 March, 2023 | 7:36AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Conroy Gold & Natural Resources PLC on Monday said assay results show it has intersected gold at its Clay Lake gold target in the Longford-Down Massif in Ireland.

The gold exploration and development company focused on Ireland and Finland said the results included a gold intersection of 40.5 metres at 1.2 grammes of gold per tonne.

The drilling programme is being undertaken alongside the company's joint venture partner Demir Export A.

Conroy said the drill results are from the first of eight planned holes, totalling 2,000 metres of drilling, at the Derryhennet section of the Clay Lake target.

The drilling also intersected 2 metres at 1.1 grammes of gold per tonne, and 0.5 metres at 1.4 grammes per tonne.

The company noted that the gold intersection adds to its understanding of the potential scale of the Clay Lake target.

Chair Richard Conroy said: "This is an excellent start to the step-out drilling programme at Clay Lake and adds further to the overall gold potential of this new gold district. In addition to this drill programme work is also continuing on other gold targets and further results will be announced in due course."

Conroy Gold shares closed down 3.6% to 20.00 pence each in London on Thursday. The stock is down 9.1% over the past 12 months.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Conroy Gold and Natural Resources PLC 9.90 GBX 1.54 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures