Conroy Gold to begin drill programme in earnest

Ireland and Finland-focussed exploration and development company Conroy Gold and Natural Resources announced on Wednesday that its 2019 drill programme would begin shortly on the 65 kilometre gold trend that it had discovered in the Longford-Down Massif in Ireland.

The AIM-traded firm said that at Clontibret it had a JORC resource of 517,000 ounces of gold, and in the overall Clontibret, Clay Lake, Glenish area, it had an estimated exploration target of a further 8.8 million ounces of gold.

It explained that the 2019 drill programme would initially focus on the South Western, or ‘Slieve Glah’, area of the gold trend, approximately 40 kilometres southwest of Clontibret.

That was both to follow up on “encouraging” deep overburden and trenching results, and to fulfil work commitments on the relevant licences.

At Slieve Glah, it said the Orlock Bridge Fault - a major geological structure along which the gold trend lay - underwent a “significant” strike swing.

Such strike swings could act as focal points for mineralisation, the board claimed, with gold-in-soil geochemistry suggesting that there were a series of large gold targets.

Slieve Glah was regarded by Conroy Gold as a “large and very promising” target area, which added further to the prospectivity of its 700 square kilometre licence area.

“Following on from the excellent results of the 2018 drilling programme, I look forward to the new 2019 drill programme,” said chairman Richard Conroy.