Conroy Gold and Natural Resources plc has discovered a second gold trend in the Longford-Down Massif after linking a new gold target to one found last month.
SKULLMARTIN FAULT
Assay results reported today from gold-in-soil sampling on prospecting licence 4554 in County Monaghan showed values greater than 10 parts per billion (ppb) gold over a 1.5km by 1.1km area.
“Anomalies greater than 10ppb gold-in-soil in the Longford-Down Massif tend to be associated with gold-in-bedrock,” added Conroy in a statement.
“This licence area also previously yielded sediment samples, which returned gold values of up to 170ppb Au, as part of the nationwide TELLUS survey.”
Both discoveries have been recorded along the major geological structure of the Skullmartin Fault Zone, “indicating the presence of a second gold trend in the Longford-Down Massif”.
“The newly identified 24km gold trend lies parallel to, and south of, the Orlock Bridge Fault Zone, on which the company has made a series of gold discoveries along a 65km gold trend.
“The new trend, along the Skullmartin Fault Zone, links the County Monaghan gold discovery, as announced today, to the recent gold discovery in quartz breccia samples in County Armagh.”
Conroy said it had also applied for five further prospecting licences along the trend.