Ireland’s Conroy Gold and Natural Resources has announced positive results on its drilling programme at Clay Lake in County Armagh.
Clay Lake covers an area of around 141 hectares and has returned the highest gold-in-soil values recorded by Conroy on its Irish exploration licences. The current drilling programme builds on the company’s previous positive gold results, which revealed the presence of a broad zone of gold mineralisation.
The company said that three further holes have intercepted gold mineralisation, including 11.5 metres of 1.44 g/t gold, and 53 metres of stockwork at 0.60 g/t gold including 10.25 metres at 1.37 g/t gold.
The surface area of the discovery is greater than that of Clontibret, Conroy’s most advanced target, with the gold-in-soil concentrations double the average of those recorded at Clontibret.
Commenting on the results, Conroy’s chairman Professor Richard Conroy said: "I am very pleased with the results which further confirm the potential of the Clay Lake target. Overall, we have five large targets along a 50 kilometre gold trend with positive results on both technical and financial grounds from scoping studies carried out on 20 per cent of the Clontibret target where infill drilling is now in progress."
The company’s gold licence area in Ireland lies within a geological region known as the Longford–Down Massif.
Headquartered in Dublin, Conroy is also active in the Sodankyla area of Lapin Lääni province (Lapland).
