Conroy Gold and Natural Resources PLC (LSE:CGNR) has discovered a new mineralised outcrop, named McCully’s Outcrop, at its Corcaskea gold target in Ireland. This outcrop exhibits an East-West orientation with a North dip, differing structurally from the nearby Clontibret resource area. The finding suggests a distinct mineralisation direction, potentially expanding the prospectivity of the Corcaskea target as an extension of the Clontibret gold resource.
This new geological insight could significantly influence future drilling strategies and enhance the company’s efforts to grow its resource base. The discovery strengthens Conroy Gold’s understanding of the area’s geology and may lead to increased resource estimates, benefiting shareholders and guiding ongoing exploration.
About Conroy Gold and Natural Resources
Conroy Gold and Natural Resources PLC focuses on gold exploration and development in Ireland, centered on the ‘Discs of Gold’ project. This project covers two district-scale gold trends spanning approximately 90 kilometers and is anchored by the Clontibret deposit, which contains a defined resource of 517,000 ounces of gold. The company holds licenses covering multiple gold targets, with geological features comparable to major gold deposits in Southeastern Australia and Atlantic Canada.
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