Conroy Gold and Natural Resources plc has found a lode gold style mineralised outcrop, named McCully’s, outside the Clontibret gold deposit and near the Corcaskea gold target in County Monaghan, Ireland.
ORIENTATION
McCully’s outcrop lies 300m to the north of the closest drill hole at Clontibret and 200m to the south of Corcaskea.
The company said that the discovery could potentially improve Corcaskea’s prospectivity as a potential extension of Clontibret.
Corcaskea previously showed gold intersections in trenches, including 16.5 metres at 6.5 g/t gold and 12 metres at 4.9g/t gold.
“Significantly, the discovery suggests a different structural orientation of mineralisation in the Corcaskea area to that of the Clontibret resource area,” said Conroy.
“The orientation of the lode in McCully’s outcrop is in an East – West orientation and dipping North.
“This is markedly different from the lodes which strike Northnortheast – Southsouthwest in the Clontibret resource area.
“Drilling at Corcaskea to date has been informed by the lode strike direction seen in the Clontibret resource area.”
The company added that the discovery provided a strong case for drilling in a “different orientation to expand the resources towards and into the Corcaskea target area”.