Conroy Gold upbeat on latest drill results from Slieve Glah

Gold exploration and development company Conroy Gold and Natural Resources reported on Wednesday that results from its 2019 drilling programme at Slieve Glah in the Longford-Down Massif in Ireland confirmed the presence of gold in bedrock in Target Area 4.

The AIM-traded firm said the first drill hole in the target area had intersected gold in bedrock, which confirmed the presence of gold mineralisation.

It said the drill hole was located more than 3.5 kilometres from the previous gold mineralised drill hole in Slieve Glah Target Area 2, with Target Area 4 being two kilometres long by one kilometre wide, laying north east of Target Area 2.

Two drill holes totalling 303 metres were drilled, with the first drill hole intersecting low-grade gold mineralisation in bedrock of 0.5 metres at 0.24 grams per tonne of gold from 34.5 metres down hole.

The second hole intersected what could be the same zone, at 109 metres down hole, which had two metres of 0.13 grams per tonne of gold.

Though the intersections were low grade, Conroy said they confirmed the presence of a gold mineralisation system in Target Area 4.

The lithology of the drill core comprised arenaceous turbidite sediments, similar to that seen at the company’s Clontibret deposit.

Conroy said the Slieve Glah gold target consisted of a series of extensive gold-in-soil targets, with the drilling programme focusing on Target Area 4 in the north east of the licence area.

At Slieve Glah, the Orlock bridge fault - one of the main controlling features of gold mineralisation in the Longford-Down Massif - undergoes a “significant” strike-swing, Conroy Gold explained, with it said could act as “focal points” for mineralisation.

Slieve Glah is located at the south west end of the 65 kilometre gold trend discovered by the company, and was regarded as a “very large and promising” gold area within its overall 700 square kilometre licence area.

“It is encouraging that the drilling intersected gold in bedrock in Target [Area] 4 as this confirms the presence of a gold mineralisation system 3.5 kilometres from a previous gold mineralised drill hole,” said the company’s chairman Richard Conroy.

“Once again this confirms the sheer size of the Slieve Glah target area and the potential of the overall licence area.”