Conroy Gold upbeat on historical data

Ireland and Finland-focussed gold exploration and development company Conroy Gold and Natural Resources announced on Thursday that, following gold assay data pertaining to the original antimony mine workings at Clontibret becoming available, it had been possible to relate the occurrence of four gold bearing lodes within the 48m of the Tullybuck drift, in the historical underground workings.

The AIM-traded firm confirmed that gold assay data pertaining to the historical underground workings at the Clontibret deposit had recently become available.

It said the samples were collected by an Irish-Canadian company during the 1950s and comprised detailed channel samples of the back and walls of the drift and shafts.

Detailed surveyed sample maps and original ‘signed off’ assay sheets had been examined, Conroy claimed.

Part of the initial historical underground development from the early 1800s comprised 80m of drifts that followed stibnite veins.

It was now recognised that the antimony mineralisation was younger than the gold mineralisation and was oriented in a more northerly direction, the company’s board explained.

Although the underground antimony workings essentially followed a single stibnite vein, it was interpreted that the Tullybuck drift had cross-cut four gold bearing structures.

The company had been able to relate its own geological mapping from the Clontibret stream, drilling data and the recently available assay data from the underground workings.

Conroy said the interpretation was that, within the 48m of underground development in the Tullybuck drift, a number of gold bearing lodes occurred.

Examination of drilling in the vicinity of the Tullybuck workings supported the interpretation as an intercept 20m from the southern end of the Tullybuck drift comprised 30.4m grading 3.0 g/t Au, including intercepts of 3.34m grading 13.1 g/t Au and 3.00m grading 10.5 g/t Au.

“I am delighted that this newly available historic data adds to and correlates so closely with our recent drilling and structural work at Clontibret and adds to our understanding of the gold deposit and its potential size and grade,” commented chairman Richard Conroy.