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Exploration Claims Granted in Finland

14th Nov 2014 07:00

CONROY GOLD & NATURAL RESOURCES PLC - Exploration Claims Granted in Finland

CONROY GOLD & NATURAL RESOURCES PLC - Exploration Claims Granted in Finland

PR Newswire

London, November 13

14 November 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") EXPLORATION CLAIMS GRANTED IN FINLAND * Nine Exploration Claims Granted in the Sodankyla Region * Claims Cover 789 Hectares (c. 1,950 Acres) * Gold and Copper Primary Exploration Targets Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the goldexploration and development company focused on Ireland and Finland, is pleasedto announce that The Finnish Mining Authority has granted the Company nineexploration Claims in the Sodankyla region of Northern Finland. We aredelighted to receive these licences having been involved in gold exploration inFinland for many years. Sodankyla has become a highly prospective region for gold and copperexploration, hosting both the world class Kittila gold mine and the Kevitsanickel-copper mine. Previous exploration by Conroy in the Sodankyla area yielded encouraging goldresults. Historic till sampling within the Claim area has reported values ofover 4,000 ppb gold and up to 95 ppm copper. The nine exploration claims which have been granted together cover an area of789 Hectares (c. 1,950 Acres). This release has been approved by Kevin McNulty PGeo, a member of the Company'stechnical staff, who holds a BSc/MSc in Geology and Remote Sensing, inaccordance with the guidance note for Mining, Oil & Gas Companies issued by theLondon Stock Exchange in respect of AIM Companies, which outlines standards ofdisclosure for mineral projects. Professor Richard Conroy, Chairman commented: "I am delighted that these exploration claims for gold and copper in Finlandhave been granted to the Company and look forward to our explorationprogramme in Finland adding to our successful gold and base metal exploration inIreland. Ireland continues to be the Company's primary focus where we havediscovered a thirty mile gold trend and are currently proposing to develop ourfirst gold mine along the trend." For further information please contact: Conroy Gold and Natural Resources plc Tel: +353-1-661-8958Professor Richard Conroy, Chairman Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200Virginia Bull/Simon Clements Hybridan LLP (Broker) Tel: +44-20-3713-4580Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800Ger Heffernan Lothbury Financial Services Tel: +44-20-3440-7622Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377Don Hall Visit the website at: www.conroygold.com Editors' Note Conroy has identified a 50km (30 mile) gold trend in Ireland. The licences,which are 100% owned by the Company, cover c.400 sq. miles (1000km²) and runfrom County Armagh in Northern Ireland across Counties Monaghan and Cavan inthe Republic of Ireland. These Claims in Finland add further prospectiveEuropean sites to the portfolio. Along this trend in Ireland there are 5 main gold targets together withsignificant base metal anomalies that have been identified. The Companybelieves there is potentially over 15 million ounces of gold within the targetareas and at Clontibret in Co Monaghan a definitive mining plan is in course ofdevelopment. Work also continues on the other target areas including the nearby Clay Laketarget, which covers an area of about 141 hectares, and has returned thehighest gold-in-soil values ever recorded by the Company on its Irishexploration licences. Structural Studies at Clay Lake together with trenchingand drilling results suggest potential for high tonnage and overall goldcontent.

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