REG-Conroy Gold & Natural Resources Plc: AGM Statement

Conroy Gold and Natural ResourcesAnnouncement

21/12/2023 07:15

21 December 2023


 

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

 

ANNUAL GENERAL MEETING STATEMENT

 
* Good progress on the Company's gold exploration and development programme
* Over 6,000 metres of drilling completed
 

The annual general meeting of Conroy Gold and Natural Resources PLC (AIM:
CGNR), the gold exploration and development company, will hold its annual
general meeting today at The Conrad Dublin Hotel, Earlsfort Terrace, Dublin at
12 noon.  

 

At this meeting, Professor Richard Conroy, Chairman, will make the following
statement:

 

"The Company's achievements during the year and the period post balance sheet
date include:

 
* The discovery of a second district scale gold trend, the Skullmartin gold
trend, in the Longford Down Massif in addition to the Orlock Bridge gold trend
previously discovered by the Company in the Massif.
 
* The discovery of visible gold in the Skullmartin Gold trend at Creenkill
together with gold assay results of up to 123 g/t Au (4oz gold per tonne).
 
* In excess of 6,000 metres of drilling completed to date as part of the Joint
Venture with Demir Export A.Ş ("Demir Export") with results indicating that
the extensive gold target at Clay Lake could contain a major gold deposit.
 
* Drilling results also indicated continuity between the Clontibret gold
deposit and the Corcaskea gold target.
 
* Funding from Demir Export is approximately €5 million to date covering
exploration programmes on the various joint venture licences.  Another €1
million plus is required to be spent to conclude the first phase of the Joint
Venture which would earn Demir Export a 25% interest in the Joint Venture
licences.
 
* Equity interest acquired in Karelian Diamond Resources which holds
exploration licences for Nickel/Copper/Platinum Group Metals in Northern
Ireland and diamond exploration and development interests in Finland.
 

The Board looks forward to another year of operational progress."

 

For further information please contact:

 

 Conroy Gold and Natural Resources plc                                  Tel: +353-1-479-6180                           
 Professor Richard Conroy, Chairman                                                                                    
 Allenby Capital Limited (Nomad)                                        Tel: +44-20-3328-5656                          
 Nick Athanas/Nick Harriss                                                                                             
 Peterhouse Capital (Broker) Duncan Vasey  Lothbury Financial Services  Tel: +44-20-7469-0930   Tel: +44-20-3290-0707  
 Michael Padley                                                                                                        
 Hall Communications                                                    Tel: +353-1-660-9377                           
 Don Hall                                                                                                              

 

Visit the website at: www.conroygold.com

 3897603_0.jpeg (https://mb.cision.com/Public/22621/3897603/9a731c69e2880689_org.jpeg)  



Copyright (c) 2023 PR Newswire Association,LLC. All Rights Reserved