Conroy Gold and Natural Resources plc assays showed a gold intersection extending 40.5m at 1.2 g/t gold at Clay Lake in County Armagh, Northern Ireland.
CONTINUITY
The results are from the first of eight holes in step-out drilling for 2,000 metres on the Derryhennet section on the Longford-Down Massif.
The drill hole lies 200m southwest of the nearest previous drill hole in the area which intersected 52.5m gold grading 0.5g/t gold, as the company published in 2018.
Partner and operator Demir Export SA drilled the hole to a downhole depth of 212.7m at an inclination of -60 degrees.
The company said that gold mineralisation of 40.5m was intersected in a stockwork zone at a downhole depth of 135.5m.
“The intersection indicates good continuity of the gold stockwork zone at Derryhennet and adds further to our understanding and knowledge of the overall potential scale of the Clay Lake gold target,” added Conroy.
Clay Lake forms a single large gold-in-soil anomaly, nearly 3km in length and in places 2km wide, across 200 ha (500 acres).
The target is “considerably larger” in size than the Clontibret gold target.
“This is an excellent start to the step-out drilling programme at Clay Lake and adds further to the overall gold potential of this new gold district,” said chairman Professor Richard Conroy.