Conroy Gold and Natural Resources plc has completed 2,000 metre drilling to test for higher gold grade and at greater depth, as well as for antimony, at Clontibret in Co. Monaghan, Ireland.
THIRD RIG
Drill core from the two holes is currently being logged, cut and sampled before being sent to the ALS laboratory in Loughrea for assay.
The company said it stopped one of holes, CGC-25-001, due to technical difficulties during a re-entry at around 150m, following a change of drill bit.
“The hole had already reached ca. 415m but had not yet reached its target depth in the stockwork zone,” added Conroy.
“Zones of sulphide mineralisation were encountered including at ca. 410m, representing the deepest zones of sulphide mineralisation intersected at Clontibret to date.
“The intersections confirmed continuity of the model both along strike and at depth: we await the assay results from ALS to confirm gold mineralisation within these zones.”
Conroy said that a new deep hole, CGC25-007, was being drilled for 500 metres to target the stockwork zone.
The company has also secured a third rig which allows drilling of two more holes in addition to CG 2025-007.
Drill holes CGC-25-002 for 340m will target the antimony zone, while CGC-25-005 for 420m, aims to confirm gold mineralisation in the northwest corner of the deposit.
Current drilling is expected to complete during Q2 2026.
The Clontibret gold deposit anchors Conroy’s ‘Discs of Gold’ project, which encompasses two parallel district-scale gold trends, extending over c.95km.
The company is additionally exploring the possibility of dual listing on the TSX-Venture Exchange in Canada.
The company said its October 2025 private placement of £1.73 million had received support from long-term value investors in North America.
A dual listing would also open Conroy to a broader base of potential investors.