Trenching at Clay Lake Target
22/05/2014 07:00
22 May 2014
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
WIDE GOLD ZONES CONFIRMED BY TRENCHING
AT CLAY LAKE GOLD TARGET
* 5 Metres @ 3.02g/t Gold Recorded In One Trench
* Wide Gold Zones Confirmed On Surface By Trenching, Previous Drilling Has
Shown Depths Extend To Over 100 Metres
* Overall Total In Trenches of 108 Metres of Gold Mineralisation At An A
verage Grade of 0.58g/t Gold
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), is pleased to
announce that assay results from channel sampling in trenches at its Clay Lake
Gold Target in Co. Armagh have confirmed wide gold zones at surface. The
results included 5 metres @ 3.02g/t gold in one trench and an overall total in
all trenches of 108 metres of gold mineralisation at an average grade of 0.58g/
t gold.
The wide gold zones now confirmed on surface by the assay results were
initially demonstrated by a follow up trenching programme to the recently
completed independent structural study on the Clay Lake Gold Target.
Correlation with drilling results has shown that the zones extend to depths of
over 100 metres.
The wide gold zones at surface also included 22 metres @ 1.01g/t gold within a
zone of 38 metres @ 0.68g/t gold, other zones included 21 metres @ 0.58g/t
gold, 27 metres @ 0.46g/t gold, 10 metres @ 0.60g/t gold, 8 metres @ 0.36g/t
gold and 4 metres @ 0.42g/t gold.
The results are a further indication of the potential of the Clay Lake Gold
Target for high tonnage and overall gold content.
This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
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, Chairmancommented:
"These results confirming the presence of widegold zones at our Clay Lake Gold
Target are tremendously encouraging."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958
Professor Richard Conroy, Chairman
Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200
Virginia Bull/Simon Clements
Hybridan LLP (Broker) Tel: +44-20-3713-4580
Claire Louise Noyce/William Lynne
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800
Ger Heffernan
Lothbury Financial Services Tel: +44-20-7868-2010
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygoldandnaturalresources.com
END