21st Feb 2022 14:14
Conroy Gold & Natural Resources PLC - Dublin-based gold exploration and development company focused on Ireland and Finland - Says drill hole TW001 data confirms and upgrades its interpretation of the lode and stockwork mineralisation at Clontibret gold deposit in Ireland. Assay drill data comes from joint-venture partner, Demir Export AS, who drilled the two holes in 2021. TW001 shows "widest gold intercept yet" at Clontibret, with 94.5 metres grading 1.0 grams per tonne gold, including 45m grading 1.5 grams per tonne gold, in the stockwork zone. Drillhole TW005 confirms potential to expand existing resource into the southwest of the deposit.
Chair Richard Conroy says: "The board believes that the confirmation of the gold grades encountered in the lode zone and the discovery of the widest gold intercept yet at Clontibret in the stockwork zone indicates there is the potential to increase the overall gold content of the deposit.”
Current stock price: 25.30 pence, up 7.7% on Monday
12-month change: down 26%
By Elizabeth Winter; [email protected]
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