Conroy Gold and Natural Resources plc plans a 2,000 metre step-out drilling programme on the Derryhennet section at Clay Lake in the Longford-Down Massif gold trend, Northern Ireland.
ASSESSMENT
The company’s joint venture Turkish partner Demir Export S.A. will drill eight step-out holes at the target in County Armagh, which is one of a series along the 65km (45 miles) gold trend.
Clay Lake forms a single large gold-in-soil anomaly over 200 hectares (circa 500 acres) and is nearly 3km in length, and in places 2km wide.
Conroy said that the project had a much larger gold-in-soil footprint than the Clontibret gold target.
Drilling will step out from the known gold mineralisation, where previous trenching results were up to 5m at 3.0g/t gold, and drilling results showed a continuous gold intersection of 100m at 0.6g/t gold.
The programme is part of an overall assessment of the gold and base metal potential of the licence area.
Conroy added that drilling was also planned in due course on other targets along the gold trend.