Irish explorer Conroy Gold and Natural Resources has announced that two holes drilled at the Clontibret gold deposit in Co Monaghan represent the widest gold intersection drilled to date at the site.
The drillhole locations and targets were designed by Demir Export last year as part of its due diligence programme prior to entering a joint venture with Conroy and were carried out independently of the company.
Conroy chairman Richard Conroy said: “The due diligence and validation drillholes completed by Demir Export have confirmed and added to the understanding of the Clontibret gold deposit built up by Conroy Gold.
“The board believes that the confirmation of the gold grades encountered in the lode zone and the discovery of the widest gold intercept yet at Clontibret in the stockwork zone indicates there is the potential to increase the overall gold content of the deposit.
“Demir Export has the mining expertise and the financial resources not only to bring the Clontibret gold deposit to construction-ready status and into operation as a mine, but also to advance the significant gold potential of the other licences along the gold trend to the same status.”
