Conroy Gold and Natural Resources plc said it had found further evidence of resource continuity at the Clontibret joint venture gold project in County Monaghan, Ireland.
LODE ZONES
Partner Turkish miner Demir Export S.A. is completing an eight-hole step-out drilling programme which has shown so far new gold zones and extended mineralisation.
The Clontibret deposit, open in all directions and to depth, comprises gold mineralisation in lodes and stockwork.
Assays, relating to lode-style mineralisation from a drill hole located between the Clontibret gold deposit and the Corcaskea gold target, show “significant gold intersections” in trenches.
The drill hole also lies 70m northeast of the gold outcrop, with returns of 5.6g/t gold, reported in 2018, which first established continuity between Clontibret and Corcaskea.
Results include 16.5m of 6.5 g/t gold and 12m of 4.9 g/t gold as well as the identification of three gold lode zones.
“The three gold lode zones intersected are in addition to this gold outcrop,” said Conroy.
“These three gold zones include two metres at 2.1 g/t gold, 1.5 metres at 3.2 g/t gold and 0.5 metre at 0.8 g/t gold.
“The first gold mineralisation was intersected at a relatively shallow down hole depth of 27.5 metres.
“The lode gold zone intersections between the Clontibret gold resource and the Corcaskea gold target open up the surrounding area for further step out drilling and the probability of linking the Corcaskea gold target and the Clontibret resource area which are 535 metres apart.”
Chairman Professor Richard Conroy added that the results also further indicated the overall gold potential of the 65km gold trend.
“Many other gold targets have been identified along the trend including, for example, the Clay Lake gold target, which has a far larger gold-in-soil target footprint than Clontibret.
“In addition to Clontibret, the board looks forward to demonstrating the overall potential of the gold trend, on which in the north-eastern segment alone, we have a gold exploration target of 8.8 million ounces in addition to the JORC resource of 517,000 oz gold.”