Conroy Gold & Natural Resources Plc - Drilling Results on Base Metal Target
("Conroy Gold" or "the Company")
ENCOURAGING DRILLING RESULTS ON BASE METAL TARGET
-- Zinc and lead mineralisation intersected in two scout drill holes
-- 30.0 metres intersection at 0.42% Zn + Pb from 9.0 metres
-- 1.0 metre intersection at 1.05% Zn + Pb from 20.0 metres
-- Drilling results confirm mineralisation in extensive (20km2) zinc zone -- Provides Board of the Company confidence that further drilling is warranted
The two drill holes, (ML-22-004 and ML-22-005), totalling 464.0m, have tested a 275 metre portion of the 800 metre wide section of the Zinc in soil anomaly at the
Drill hole ML-22-004 was drilled to a down hole depth of 182.0 metres, at a 50 degree dip. The drill hole intersected 30.0 metres at 0.42% combined Zinc and Lead from 9.0 metres including 3.0 metres at 0.83% Zinc and Lead combined from 34.0 metres.
Drill hole ML-22-005, 100 metres to the east of drill hole ML-22-004, was drilled to a down hole depth of 264.0 metres, at a 50 degree dip. The drill hole intersected Zinc and Lead mineralisation including 25.0 metres grading 0.26% Zinc and Lead combined from a down hole depth of 11.0 metres and including 1.0 metre grading 1.05% Zinc and Lead combined from 20.0 metres.
The two scout drill holes demonstrate that wide zones (30 metres and 25 metres) of Zinc mineralisation are present at a low grade. Only a 275 metre portion of the 800 metre wide section of the Zinc soil anomaly has been tested to date. This leaves over 500 metres of width to the West, where some of the highest Zinc in soil values (3,700ppm Zn) have been returned.
Further drilling of the anomaly to test for higher grades in this large Zinc anomaly will be carried out.
The sphalerite (Zinc ore) mineralisation at
Zinc and Lead intercepts from drill holes ML-22-004 and ML-22-005 at
_________________________________________________________________ |Hole ID |From (m)|To (m)|Intercept (m)|Zn (%)|Pb (%)|Zn + Pb (%)| |_________|________|______|_____________|______|______|___________| |ML-22-004|9.0 |39.0 |30.0 |0.37 |0.05 |0.42 | |_________|________|______|_____________|______|______|___________| |Incl. |34.0 |37.0 |3.0 |0.68 |0.15 |0.83 | |_________|________|______|_____________|______|______|___________| |ML-22-004|44.0 |47.0 |3.0 | | |0.44 | |_________|________|______|_____________|______|______|___________| |ML-22-004|69.0 |70.0 |1.0 | | |0.32 | |_________|________|______|_____________|______|______|___________| |ML-22-004|73.0 |74.0 |1.0 | | |0.27 | |_________|________|______|_____________|______|______|___________| |Hole ID |From (m)|To (m)|Intercept (m)|Zn (%)|Pb (%)|Zn + Pb (%)| |_________|________|______|_____________|______|______|___________| |ML-22-005|11.0 |36.0 |25.0 |0.22 |0.03 |0.26 | |_________|________|______|_____________|______|______|___________| |Incl. |12.0 |21.0 |9.0 |0.32 |0.04 |0.36 | |_________|________|______|_____________|______|______|___________| |Incl. |20.0 |21.0 |1.0 |0.92 |0.13 |1.05 | |_________|________|______|_____________|______|______|___________|
(Only intercepts of 1 metre or greater with 0.25 % Zn+Pb combined or greater are presented)
All samples were analysed by ALS (
Base metal licences in
This release has been approved by
Professor
"These results from the first scout holes in this extensive anomaly are encouraging. The wide intersections indicate the potential for base metals in an area which was once known as the
For further information please contact :
Conroy Gold and Natural Resources PLC Tel: +353-1-479-6180 ProfessorRichard Conroy , ChairmanAllenby Capital Limited (Nomad) Tel: +44-20-3328-5656Nick Athanas /Nick Harriss Peterhouse Capital Limited (Broker) Tel: +44-20-7469-0930Lucy Williams /Duncan Vasey Tel: +44-20-3290-0707Lothbury Financial Services Michael Padley Hall Communications Tel: +353-1-660-9377Don Hall
Visit the website at: www.conroygold.com
3975387_0.jpeg