Conroy Gold and Natural Resources plc reported “significant” gold intersections from drilling in the Cargalisgorran section of its Clay Lake gold target in Armagh within the Longford-Down Massif, Ireland.
THREE ZONES
The company added that three gold zones were intersected in a vertical hole drilled to a depth of 103 metres. The intersections were:
1.0m @ 0.7 g/t Au from 12.50 metres down hole
3.5m @ 0.6 g/t Au from 16.00 metres down hole
2.0m @ 3.8 g/t Au (inc. 1.0m @ 6.6 g/t Au) from 72.50 metres down hole
The third intersection, at 72.50 metres down hole, identified a new zone of gold mineralisation below the previously known gold zones, closer to surface, which included intersections of 6.6m @ 6.1 g/t Au and 22.0m @ 2.0 g/t Au.
Conroy Gold added that drilling continued elsewhere in the Longford-Down Massif including on licences PL1870 and PL2386.
CLAY LAKE
The Clay Lake gold target stretches from Cargalisgorran in the southwest to Derryhennet in the northeast across more than 200 hecatares.
It lies at the north eastern end of the gold trend and forms part of the 17km gold district covering Clontibret – Clay Lake – Glenish.
In 2018, Conroy Gold estimated a target of 8.8 million oz gold (excluding the 517,000 oz Clontibret deposit).
In July 2019, a new gold target of 700m by 250m to the southwest of Clay Lake was also identified during a detailed gold-in-soil sampling programme.