15th Dec 2014 07:00
CONROY GOLD & NATURAL RESOURCES PLC - Plans for Antimony as well as GoldCONROY GOLD & NATURAL RESOURCES PLC - Plans for Antimony as well as Gold
PR Newswire
London, December 13
15 December 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") PLANS FOR ANTIMONY AS WELL AS GOLD TO BE MINED AT CLONTIBRET * Elevated Antimony Contents in Gold Flotation Concentrate * Metallurgical Testwork Indicates Potentially Economic Quantities of Antimony Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the goldexploration and development company focused on Ireland and Finland, is pleasedto announce plans for antimony to be mined at Clontibret in addition to gold. Antimony is specified by the European Commission as a critical raw material anda large supply deficit is also forecast by the European Commission. The productis used primarily in the production of flame retardants. Metallurgical testwork has revealed that potentially economic quantities ofantimony may occur in the gold bearing concentrate at Clontibret followingflotation. Work has been conducted to identify flowsheet options to allow for theextraction of the antimony from the gold bearing concentrate. Several processoptions have been identified, and future metallurgical testwork will includetesting these options and optimising extraction to provide a saleable antimonyproduct. This release has been approved by Michael Brennan (MSc, SAIMM), who is a memberof the Company's technical staff, in accordance with the guidance note forMining, Oil & Gas Companies issued by the London Stock Exchange in respect ofAIM Companies, which outlines standards of disclosure for mineral projects. Professor Richard Conroy, Chairmancommented: "Thepotentially economic quantities ofthe strategically importantmineralantimony,in addition to the gold which is intended to be mined atClontibret, is a very welcomefurther development as the Company moves forwardwith its mining plans for Clontibret." 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/Gary Middleton Hall Communications Tel: +353-1-660-9377Don Hall
Visit the website at: www.conroygold.com
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