Metals & Minerals News

Conroy Gold JV overburden sampling shows high value gold-zinc-lead at Slieve Glah

Conroy Gold and Natural Resources plc reported high values of gold and base metals from extensive deep overburden geochemical sampling programme at Slieve Glah in County Cavan, Ireland.

Simplified geology of the target with the Crossdoney Granite to the west of the Slieve Glah target soil anomaly (Conroy Gold)

SLIEVE GLAH

The four gold targets, each extending 3km in length, at Slieve Glah lie approximately 20 miles to the southwest of the Clontibret gold target.

Conroy Gold said that the four targets appear to be associated with the major geological structure of the Orlock Bridge Fault.

SAMPLING

The overburden sampling programme was conducted with the company’s Turkish joint venture (JV) partner Demir Export S.A.

The JV collected a total of 1,434 samples over 15 separate areas within the overall Slieve Glah target area.

Conroy Gold said that 431 samples returned results greater than, or equal to, 10 ppb Au, adding that samples of 10 ppb or higher tended to be associated with the presence of underlying bedrock gold.

DRUMAVADDY

In the Drumavaddy target area, 372 deep overburden geochemical samples were collected.

A total of 115 samples recorded assay results above 10ppb Au, with 10 samples returning assay results greater than 100 ppb Au, with a maximum value of 3,460 ppb Au (3.46 g/t Au).

The deep overburden sampling programme also defined a “highly anomalous target area”, measuring 300m by 150m.

The JV has now incorporated follow-up trenching and drilling in the exploration programme.

CORRAWEELIS

A total of 81 samples were collected in the Corraweelis target area, of which 28 recorded results above 10ppb Au, with 14 samples returning results greater than 100 ppb Au.

Two samples of 1,160 ppb Au (1.16 g/t Au) and 1,425 ppb Au (1.425 g/t Au), respectively, were recorded. The JV also plans follow-up trenching and drilling at Corraweelis.

Conroy Gold said that a “number of other areas” also returned high gold assay results for which further follow-up work is planned.

The area of Leiter returned very high zinc values of 44,500 ppm (4.45% Zn), 16,300 ppm (1.63% Zn) and 8,550 ppm (0.85% Zn), as well as high lead values of 1,045 ppm Pb.

TARGETS

Chairman Professor Richard Conroy added that the sampling programme had proven its value.

“The district scale gold area already has a number of gold targets, many of them with gold proven in bedrock but clearly there are many more gold targets still to be identified. 

“There is also potential for base metals.

“However, the main emphasis at this stage will continue to be the development of the first gold mine in the district.”