Conroy Gold & Natural Resources PLC said Monday that tests in a new area in Northern Ireland have revealed significant gold assay results and visible indigenous gold, extending the gold-bearing quartz deposit by more than 100 metres.
Conroy Gold is a Dublin-based gold exploration and development company focused on Ireland and Finland.
The company said the quartz breccia rock in the Mines Royal option area in County Armagh, Northern Ireland has been extended by more than 100 metres to the northeast, where channel sampling has been carried out. The stretch of the gold-bearing quartz breccia zone is now more than 135 metres long.
The “significant gold assay results” at Mines Royal included a 1.0-metre intersection with 6.5 grams per tonne gold. Visible native gold was also reported.
Conroy Gold said it had identified an 18-metre quartz breccia, which was interpreted as a continuation of the structure previously identified in outcrops and trenches. Testing of one-metre samples yielded significant intercepts between 0.3 grams per tonne and 6.5 grams. Sampling from a nearby fracture gauge, meanwhile, yielded 1.7 grams per tonne.
Chairman Richard Conroy said he was “delighted to see further evidence of gold prospects in this newly discovered gold area”.
Conroy Gold is conducting the channel sampling in collaboration with its joint venture partner Demir Export AS, a coal and metal ore mining company based in Central Anatolia, Turkey.