30th Jul 2013 07:00
CONROY GOLD & NATURAL RESOURCES PLC - Further re Preliminary BIOX ResultsCONROY GOLD & NATURAL RESOURCES PLC - Further re Preliminary BIOX Results
PR Newswire
London, July 29
30 July 2013 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") Preliminary BIOX® Results Positive * Results in line with Scoping Study * Sulphide sulphur oxidation 98.6 per cent * Gold dissolution up to 90.4 per cent Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the goldexploration and mine development company which has discovered a thirty milegold district in Ireland running across Counties Armagh, Monaghan and Cavan andis planning to develop its first operational gold mine at Clontibret in Co.Monaghan, is pleased to announce that the preliminary results of the BIOX®tests which are being carried out in South Africa are positive. Sulphide sulphur oxidation up to 98.6 per cent has been achieved and golddissolution up to 90.4 per cent were recorded on the lode material. These arekey technical tests in relation to the process technology and are in line withthe projections in the Scoping Study. BIOX®which is a well established bacterial oxidation technique was recommendedby Tetra Tech in their Scoping Study as an appropriate technology for treatingthe gold sulphide concentrate at the proposed mine at Clontibret. BIOX®is anenvironmentally friendly proven technology with a number of plants in operationworldwide including South Africa, Ghana, Brazil, China and Australia. This release has been approved by Kevin McNulty PGeo, who is a member of theCompany's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,in accordance with the guidance note for Mining, Oil & Gas Companies issued bythe London Stock Exchange in respect of AIM Companies, which outlines standardsof disclosure for mineral projects. Professor Richard Conroy, Chairman commented: "I am delighted to see these positive preliminary BIOX®results. It is afurtherkey element in the steps necessary to bring a mine into operation atClontibret." 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: +44-20-7947-4350Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800Brian Farrell Lothbury Financial Services Tel: +44-20-7868-2010Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377Don Hall
Visit the website at: www.conroygoldandnaturalresources.com
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