19 June 2015 No Comments by The Northern Standard

Exploration company identifies new potential source of precious metal

Conroy Gold and Natural Resources plc, the gold exploration and development company focused on Ireland and Finland, this week announced the discovery of an extensive gold-in-soil anomaly near  Rockcorry in Co Monaghan.

The 700m x 300m discovery lies approximately seven kilometres southwest of the company’s Glenish gold target and fourteen kilometres southwest of Clontibret, where Conroy proposes to develop its first gold mine in the area.

The discovery is located within the fifty-kilometre gold trend that the company has previously outlined and the company says its position add further evidence to the continuity of the trend, which is says fruns from Co Amagh across counties Monaghan and Cavan. The trend lies along the major geological structure known as the Orlock Bridge Fault.

“Four gold-in-soil samples in the anomaly were above 20ppb gold and a further five above 10ppb gold,” a statement from the exploration company announced.

“The anomaly will be further investigated but from the company’s   experience such levels of gold-in-soil samples have tended to be associated with gold-in-bedrock. The anomaly remains open on its northern side.”

Professor Richard Conroy, Chairman of the company commented:

“This discovery confirms the gold potential of the Company’s licences in the area lying between the Company’s existing gold targets to the Northwest at Clay Lake, Clontibret, where a mine is being developed, and Glenish, as well as those to the South at Slieve Glah.”


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