Aim-listed Conroy Gold and Natural Resources on Thursday reported an “extensive gold intersection” at a drill hole completed in the north-eastern end of its Clay Lake gold target, in Ireland.
The gold intersection extends for 150.5 m at 0.3 g/t gold. The gold intersection adds to previous drilling and trenching results, which Conroy said suggested potential for high tonnage and overall gold content in the Clay Lake gold target.
The intersection of 2 m at 2.7 g/t gold at a downhole depth of 252 m is the deepest intersection to date on the Clay Lake gold target, which remains open in all directions and to depth.
The drill hole, at the north-eastern end of the Clay Lake gold target, follows on a series of ten drill holes in the Clontibret gold deposit and forms part of an overall drilling programme encompassing the 17-km-long gold district of the Clontibret - Clay Lake - Glenish gold target in the northeast of the company's licence area, on which an updated exploration target of 8.8-million ounces gold has been estimated.
The drill hole also intersected elevated silver - 28.8 m at 0.9 g/t silver from 112.5 m - suggesting the possibility of a different metallurgy from that seen in the Clontibret gold deposit.