9th Oct 2006 11:15
For immediate release OCTOBER 9, 2006 Conroy Diamonds and Gold Plc ("Conroy" or the "Company") DETAILED REVIEW OF DRILL CORE PLUS ADDITIONAL ASSAYING RAISES DIMENSIONS OF GOLD ZONES AT TULLYBUCK-LISGLASSAN * Over 400m Of Previous Drilling Assayed For First Time * First Step In Programme To "Focus In" On Known Gold Discoveries As part of a programme to focus in on the gold discoveries it has made on itslicences in the Longford-Down Massif in the north of Ireland, AIM-quoted ConroyDiamonds and Gold Plc is undertaking a detailed review of theTullybuck-Lisglassan sector in County Monaghan. Amongst other things, this willhelp the company refine its geological model for that sector.Tullybuck-Lisglassan is the location of the company's first gold discovery inthe Armagh-Monaghan Gold Belt. . Further exploration success by Conroy sincethis discovery means that Tullybuck-Lisglassan today represents just a smallpart of the larger Clontibret gold target. This is currently known to cover anarea of 2.5km by 2.5km and also takes in several other gold discoveries made byConroy.The initial stage of the review has comprised a detailed re-examination of theentire drill core from Tullybuck-Lisglassan, including that generated byprevious operators. Amongst other things, this work has enabled Conroy toidentify a number of additional sections of mineralisation, and 403m of core(in 1m sample lengths) from those sections was assayed for the first time.Following receipt of the assay results, Conroy has been able to increase thedimensions of some of the previously identified mineralised zones.This additional data and interpretation has increased the company'sunderstanding of the immediate Tullybuck-Lisglassan sector and its geologicalmodel. It has also enhanced its understanding of the larger Clontibret area andcompany's other gold discoveries within both the Armagh-Monaghan Gold Belt andelsewhere within the Massif.This release is JORC compliant.Further Information:Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel:00-353-1-661-8958Charles Dampney, City Capital Securities Ltd. Tel: 020-7822-7107Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518Visit website at: www.conroydiamondsandgold.comENDCONROY DIAMONDS & GOLD PLCRelated Shares:
Conroy Gld&nres