A gold exploration company says there may be more gold at a Co Monaghan site than previously thought.
Conroy Gold and Natural Resources is reporting results from a drill hole have provided further evidence of continuity between the Clontibret gold deposit and the Corcaskea gold target in Ireland.
The drill hole was located approximately 200 metres to the south of the Corcaskea gold target, which has yielded significant gold intersections in trenches. The drill hole was 70 metres north-east of the gold outcrop that was announced by the Company on 22 October 2018.
Conroy Gold say this is a crucial first step in establishing continuity between the Clontibret gold deposits, on which the Company has defined a JORC resource of 517,000 ounces of gold was announced by the Company on 28 July 2017. Three gold lode zones intersected are in addition to this gold outcrop. The first gold mineralisation was intersected at a relatively shallow down hole depth of 27.5 metres.
Clontibret gold resource is known to be open in all directions and to depth and comprises two style of gold mineralisation. The assay results reported on today relate to the lode style mineralisation. The stock work resource also contributes to the overall contained ounces.