COMPANY MINING FOR GOLD IN CLONTIBRET ANNOUNCES NEW DISCOVERY

The company seeking to establish a gold mine in Clontibret has announced that it has discovered a new gold target elsewhere in its Irish licence area. Conroy Gold & Natural Resources plc said a new extensive gold-in-soil anomaly covering an area of around 40 acres had been discovered during a soil sampling programme.

“The newly discovered gold-in-soil target lies between the company’s Derryhennet gold target, where drilling and trenching have identified significant grades and widths of gold-inbedrock, and the site where the Clay Lake Gold nugget was discovered in the 1980s, with a weight of 30.05g and gold content of 28g,” a statement from Conroy said. It added that the anomaly was aligned on a similar trend to the lodes in the Clontibret gold deposit. Company Chairman Professor Richard Conroy commented: “This discovery highlights the continued potential for new gold discoveries on the company’s licences in the district scale gold trend which it has discovered in the Longford-Down Massif. The new anomaly is in addition to the series of potentially multi-million ounce gold targets already discovered by the company along the trend. “I look forward to receiving the …