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Conroy Gold & Natural Resources PLC on Monday said it has completed its phase 1 drilling programme at the Clontibret system, and that results have proven ‘encouraging’ so far. The developer of the ’Discs of Gold’ project in Ireland, including the Clontibret gold deposit, said it has completed five holes and announced ‘a series of strongly encouraging assay results’. ‘The first hole of the programme, CGC-25-001...intersected the deepest gold mineralisation recorded at Clontibret to date,’ Conroy said. ‘More than ten gold-bearing lodes were intersected with a best intercept of 2.8 metres at 4.5 [grams per tonne gold] (including 0.5 metres at 15.0 g/t Au). At approximately 410 metres depth a zone of sulphide mineralisation returned 4 metres at 0.5 g/t Au.’ It added that the hole stopped at this mineralisation due to technical difficulties. These results, Conroy said, confirmed the interpreted continuity of mineralisation along strike and to depth. Conroy also noted that drill holes CGC-25-002 and CGC-25-003 ‘identified a significant, intensely altered zone interpreted to represent buddingtonite alteration,’ buddingtonite being a ‘pathfinder mineral’ associated with hydrothermal gold systems. Also, both holes returned ‘highly encouraging gold mineralisation across multiple zones, including headline intersections of 1.0 metre at 16.7 g/t Au and 3.5 metres at 4.8 g/t Au (including 0.5 metres at 11.2 g/t Au)’. Additionally, results from step-out drillhole CGC-25-005 on the Eastern Zone ‘increased confidence in the continuity of the mineralised system’. The company currently awaits assay results from follow-on deep hole CGC-25-007, which was drilled to target the stockwork zone informed by CGC-25-001. Conroy said phase 2 has now started, and that drilling is underway to test the extension of the Orlock Bridge Fault from the mineralisation in the Clay Lake target. It said this hole ‘represents a key step in enhancing the geological knowledge of the Clontibret gold mineralisation system and assessing the potential for higher-grade, structurally controlled mineralisation at depth,’ and that it expects to announce the results ‘in due course’. The firm also said it continues to advance plans for a dual listing on the TSX-Venture Exchange in Canada. Shares in Conroy were down 0.7% at 7.70 pence on Monday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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