Skip to Content

Conroy Gold rises on Irish drilling success (CGNR)

Shares in Conroy Gold and Natural Resources (LSE:CGNR) rose to 13.3p today after the gold firm reported success in the latest round of drilling at its Clontibret gold deposit. The business, which was up 3.9pc at the time of writing, said the ninth and tenth drill holes completed in its current drilling programme at the Ireland-based asset intersected significant gold lodes.

It has now carried out 1,768m of drilling on Clontibret with the aim of upgrading its mineral resource and accelerating the development of the wider Clontibret-Clay Lake-Glenish target. This target contains an exploration target of 8.8MMozs gold and a JORC compliant gold resource of 517,000oz covering roughly 5pc of the area.

The company’s chairman Richard Conroy, said: ‘The further significant intercepts and grades bring to a successful conclusion the 10 drill hole, 1,700 metre programme at Clontibret, as the Company moves forward to demonstrate the potential size of the Clontibret – Clay Lake – Glenish gold target in the northeast of the Company’s 700km2 licence area.’

Author: Daniel Flynn

Disclosure: The author of this piece does not own shares in the company covered

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

  • James Moore does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.
  • James Moore has not been paid to produce this piece by the company or companies mentioned above.

Related Articles

Headlines

teathers app screenshot

App Empowering Private Investors

Crowd Equity for Placings, IPOs and Live Market Blockbuilds, designed to give provate investors access to placements and Intial Public Offerings (IPOs), predominantly on the London Stock Exchange’s Alternative Investment Market (AIM).