Conroy Gold and Natural Resources reported assay results from two further drill holes at its Clontibret deposit that intersected a widespread, intensely altered zone interpreted as Buddingtonite-bearing and multiple gold-bearing intervals including 1m at 16.7 g/t Au and 3.5m at 4.8 g/t Au (inc. 0.5m @ 11.2 g/t Au).
Buddingtonite is widely recognised as a pathfinder for concealed hydrothermal gold systems and Conroy Gold, the AIM-listed explorer behind the Discs of Gold project in Ireland, said the alteration could help vector towards additional mineralisation at depth and toward a postulated northern fault.
"These latest drill results continue to demonstrate the significant gold endowment at Clontibret while also highlighting the growing geological potential of the wider system," John Sherman, Chairman, said.
Hole CGC-25-002, drilled to 351.1m on an azimuth of 090° at -60°, returned 17 separate gold zones (notably 1m @16.7 g/t from 37.1m, 3.5m @4.8 g/t from 123.5m and 2.1m @4.2 g/t from 220.1m) while CGC-25-003, drilled about 50m north to 215.6m at -75°, hit six further zones and terminated in the alteration.
Hyperspectral core scanning recorded a primary Buddingtonite response at 2116nm and portable XRF plus multi-element geochemistry showed elevated potassium and rubidium with depleted magnesium and calcium supporting the interpretation.
The two holes form part of an ongoing five-hole programme at Clontibret and the company said it will report further results as drilling continues.
