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Conroy announces new gold outcrop discovery

22nd October 2018

By: Creamer Media Reporter

     

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Ireland-focused Conroy Gold and Natural Resources on Monday announced the discovery of a new bedrock gold mineralisation, sending the Aim-listed miner’s stock up 3.7%.

The gold outcrop has a grade of 5.6 g/t gold and could be a direct link between the Clontibret gold deposit and the Corcaskea gold target.

Conroy chairperson Richard Conroy commented that the discovery was a strong indication of the overall gold potential of the 17 km  Clontibret - Clay Lake - Glenish gold district.

“We are working to both increase the overall resource of the licence area and to develop a mine, initially at Clontibret where we have the current defined Joint Ore Reserve Committee resource."

Clontibret has a resource of 517 000 oz.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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