Tuesday, October 09 12:01:40
Conroy Gold and Natural Resources plc has today announced that it has extended its gold interests in the Cavan/Monaghan area with the discovery of a series of further large gold-in-soil targets within the Slieve Glah area of Co. Cavan.
In a statement released to the Stock Exchange this morning, the company said that two new targets each over 3km in length were discovered. In addition, assay results comprising over 900 soil samples extend by over 1km the surface area of the company's two previously identified gold targets at Slieve Glah.
In one of the newly discovered targets, one highly anomalous area measuring 1,000 metres by 500 metres has been identified.
Gold values of up to 300 ppb (parts per billion) Au were recorded - the statement noting that, in Ireland, gold values over 100ppb Au are considered highly anomalous.
Commenting, company chairman Professor Richard Conroy described the results as 'very exciting'. 'They add, not only to the prospectivity of the very large targets at Slieve Glah but to the entire 30 mile gold trend that the Company has discovered all lying within the Company's licence area' he said.