REG-Conroy Gold & Natural Resources Plc: Gold Bearing Quartz Breccia Zone Extended

Conroy Gold and Natural ResourcesAnnouncement

05/06/2023 07:15

                         
                                                          5
June 2023

Conroy Gold and Natural Resources plc

(“Conroy” or “the Company”)

GOLD BEARING QUARTZ BRECCIA ZONE EXTENDED
* Quartz Breccia bedrock extended by over 100m to the North East
* Significant gold assay results recorded in 5 metres of samples including
1.0m @ 6.5g/t gold
* Visible native gold observed in new area
Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
assay results from bedrock channel samples at its Mines Royal
(Newtownhamilton) option area in County Armagh, Northern Ireland. The quartz
bedrock has been extended to the North East by over 100 metres. Significant
gold assay results included a gold intersection of 1.0m at 6.5 g/t gold.
Visible native gold was also observed. The programme is being carried out in
conjunction with the Company’s joint venture partner, Demir Export A.?.

The channel sampling was conducted over a bedrock exposure of quartz breccia
identified over 100m to the North East of the recent gold discovery, where
samples of the quartz breccia returned values up to 123.0g/t (announced by the
Company on 22 February 2023).

An eighteen metre length exposure of quartz breccia was identified and
interpreted as a continuation of the structure identified previously in
outcrop and trenching. Channel sampling consisting of one metre length samples
was conducted over this exposure.

Significant results returned from the channel sampling programme:
* 1.0m @ 6.5 g/t Au
* 1.0m @ 2.3 g/t Au
* 1.0m @ 1.1 g/t Au
* 1.0m @ 0.7 g/t Au
* 1.0m @ 0.3 g/t Au
(Only intercepts of 0.3 g/t Au or greater are presented)

In addition, a channel sample collected from a nearby fault gouge returned 1.7
g/t gold.

This sampling programme, combined with the results from the previous trenching
programme (announced by the Company on 15 May 2023), has extended the strike
of the gold bearing quartz breccia zone to over 135m in length.   

This release has been approved by EurGeol Andrew Murrells PGeo, who is a
member of the Company’s technical staff and holds a BSc in Geology, in
accordance with the guidance note for Mining, Oil & Gas Companies issued by
the London Stock Exchange in respect of AIM Companies, which outlines
standards of disclosure for mineral projects.  

Professor Richard Conroy, Chairman, commented: 

“I am delighted to see further evidence of gold prospectivity in this newly
discovered gold area on the joint venture’s Mines Royal (Newtownhamilton)
option area.”

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                                                                                                    
 First Equity Limited (Broker) Jason Robertson   Lothbury Financial Services  Tel: +44-20-7330-1883    Tel: +44-20-3290-0707  
 Michael Padley                                                                                                               
 Hall Communications                                                                       Tel : +353-1-660-9377              
 Don Hall                                                                                                                     

Visit the website at: www.conroygold.com



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