Conroy Gold and Natural Resources has completed its Phase I drilling programme at the Clontibret gold deposit in Ireland, returning a series of assay results the company describes as strongly encouraging, including headline intersections of 1.0 metre at 16.7 grams per tonne gold and 3.5 metres at 4.8 g/t gold.
The five-hole programme, conducted with three drill rigs, identified a Buddingtonite alteration zone, a hydrothermal pathfinder mineral that the company believes may vector towards deeper mineralisation, and increased confidence in continuity between Clontibret and the adjacent Corcaskea target, where previous trenching returned 16.5 metres at 6.5 g/t gold.
Assay results remain pending from CGC-25-007, drilled to 592.1 metres depth to test the stockwork zone beneath the historic Tullybuck antimony mine, which produced the deepest gold mineralisation intersected at Clontibret to date; samples have been dispatched to the ALS laboratory in Loughrea.
Phase II drilling has commenced, targeting the Orlock Bridge Fault along the 7km corridor between the Clay Lake target and Clontibret, where previous intersections at Clay Lake recorded 100.0 metres at 0.6 g/t gold.
"Across the programme we have intersected the deepest gold mineralisation to date at Clontibret, identified a substantial Buddingtonite alteration system that may help vector us towards further mineralisation, and demonstrated increasing continuity of the system northwards towards Corcaskea," said chairman John Sherman.
The company is also advancing plans for a dual listing on the TSX-Venture Exchange, with assay results from CGC-25-007 the next material catalyst.
