14th Nov 2014 08:30
LONDON (Alliance News) - Conroy Gold & Natural Resources PLC shares gained ground on Friday morning after the company said it was granted exploration claims in Finland.
The company said the Finnish Mining Authority has granted the company nine exploration claims in the Sodankyla region of the country.
Conroy said the region has become a "highly prospective" region for gold and copper mining.
It said the nine claims cover 789 hectares.
"I am delighted that these exploration claims for gold and copper in Finland have been granted to the company and look forward to our exploration programme in Finland adding to our successful gold and base metal exploration in Ireland. Ireland continues to be the company's primary focus where we have discovered a thirty mile gold trend and are currently proposing to develop our first gold mine along the trend," said Conroy Chairman Richard Conroy.
Shares in Conroy rose 10.4% to 0.8 pence on the back of the news, making it one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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