StockMarketWire.com - Conroy Gold and Natural Resources said testing results from two drill holes had identified a new gold zone at its Slieve Glah prospect in Ireland.

The first drill hole intersected low-grade gold mineralisation in bedrock of 1.0 metre at 0.5 grams per tonne of gold, from 95.0 metres down hole.

It also intersected 1.0 metre at 0.3 grams per tonne of goldfrom 87.5 metres down hole.

The second hole intersected 4.0 metres of 0.1 grams per tonne of gold from 124.0 metres down hole.

The new gold zone was located over 1.5 kilometres from the gold mineralised zone in Slieve Glah Target Area 2 and over 5.5 kilometres from the gold mineralisation in Slieve Glah Target Area 4.

'This new discovery, at a time when the gold price is touching $1500, is a wonderful result for an early drill hole in this target area,' chairman Richard Conroy said.

He added that the discovery confirmed encouraging results that were observed in gold-in-soil and deep-overburden sampling and drilling elsewhere on the Slieve Glah target.


At 1:46pm: [LON:CGNR] Conroy Gold And Natural Resources PLC share price was -0.2p at 4.65p



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