Conroy Gold discovers new gold bearing Iode in Ireland

3rd Aug 2016 10:42

(ShareCast News) - Irish miner Conroy Gold & Natural Resources has discovered a new gold bearing lode in its first drilling at the Clay Lake project.At the Clay Lake-Clontiberet gold target in Northern Ireland, the company drilled at a depth of 102m high grade gold intersections of 1 meter at 15g per tonne gold and 1 meter at 8.4g per tonne fold. The drillhole intersected five gold bearing lodes including a new one.In July, the AIM listed company also found four new zones at its Glenish gold target, a 147 hectare gold-in soil-anomaly, 7.5km south west of Clay Lake.Chairman professor Richard Conroy said: "I am delighted that the new drilling programme has already yielded such excellent results both at Glenish, where we recently intersected 4 new gold zones and now at the company's flagship Clay Lake-Clontibret gold target where we are targeting a multi-million oz gold resource".Shares in Conroy Gold were down 7.09% to 33.91p at 1053 BST.