EXPLORATION & DEVELOPMENT

Conroy climbs on gold outcrop find

Outcrops discovered in the middle of Clontibret and Corcaskea

Staff reporter
Conroy drilling at the Clontibret gold deposit

Conroy drilling at the Clontibret gold deposit

The outcrop reportedly has returned a sample grade of 5.6g/t and lies north of the Clontibret deposit, which has a JORC resource of 517,000 ounces and is open in all directions and to depth, and south of Corcaskea, where the company has intersected gold in trenches, including 16.5m at 6.5g/t and 12m at 4.9g/t.

Conroy's share price rose 7.41% on the news to 14.5p (US18.81c).

It said geological interpretation suggested continuity between Clontibret and Corcaskea was starting to be established.

Chairman professor Richard Conroy said the discovery showed the possibility of a direct link between the two deposits, which was a "further strong indication of the overall gold potential of the 17km Clontibret-Clay Lake-Glenish gold district". 

"We are working to both increase the overall resource of the licence area and to develop a mine, initially at Clontibret where we have the current defined JORC resource," he said.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.