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| CONROY DIAMONDS AND GOLD PLC Plc SUCCESSFUL RESULT FROM HOLES ON STEP OUT DRILLING PROGRAMME AT CLAY LAKE GOLD TARGET · Step out drill programme continues to give positive results - 13 zones of mineralisation intersected · 14 metres of 0.72 grammes per tonne (“g/t”) gold, including 2 metres of 1.72g/t gold · Also intersections of 2 metres of 1.78g/t gold, 2 metres of 1.27g/t gold 2.4 metres of 0.92g/t gold, 3 metres of 0.82g/t gold and 3 metres 1.29g/t gold Conroy (AIM: CDG; ESM: CDGI) is pleased to announce that the ongoing step out drilling programme, in the north-western corner of its Clay Lake gold target in Co. Armagh, has returned positive results with 13 zones of mineralisation intersected. The step out programme of inclined holes follows on from previous positive gold results which demonstrated the presence of a broad zone of gold mineralisation. The first drill hole was 233 metres in length to a vertical depth of approximately 165 metres, which intersected 2.4 metres of 0.92g/t gold from 2.6 metres. This was followed by 2 metres o1.78g/t gold from 26 metres followed by a 3 metres intersection of 0.82g/t gold from 113 metres, and a 2 metre intersection of 1.27g/t gold from 167 metres. The second drill hole was 161 metres in length to a vertical depth of approximately 114 metres, and it intersected 14 metres of 0.72g/t gold from 125 metres including 3 metres from 128 metres which averaged 1.72g/t gold. This was followed by 3 metres of 0.61g/t gold from 146 metres. The third drill hole, 161.35 metres in length to a vertical depth of approximately 114 metres, intersected 2 metres of 0.58g/t gold from 30 metres. This was followed by 1 metre of 1.22g/t gold from 36 metres followed by a 7 metres intersection of 0.35g/t gold and 4.6g/t silver from 87 metres, and 11 metres intersection of 0.43g/t gold and 3.2g/t silver from 145 metres including 3 metres of 0.82g/t gold and 5.7g/t silver. The fourth drill hole, which was 157 metres in length to a vertical depth of approximately 120 metres, intersected 7 metres of 0.95g/t gold from 69 metres including 3 metres of 1.29g/t gold from 83 metres. This was followed by 1 metre of 1.33g/t gold from 83 metres followed by a 1 metre intersection of 1.80g/t gold from 112 metres. Drill Hole From (m) Intercept (m) Au (g/t) Ag (g/t) Intersection: 2.6 2.4 0.92 - Intersection: 26 2 1.78 - Intersection: 113 3 0.82 - Intersection: 167 2 1.27 - Drill Hole From (m) Intercept (m) Au (g/t) Ag (g/t) Intersection: 125 14 0.72 - incl. 128 2 1.72 - Intersection: 146 3 0.61 - Drill Hole From (m) Intercept (m) Au (g/t) Ag (g/t) Intersection: 30 2 0.58 - Intersection: 36 1 1.22 - Intersection: 87 7 0.35 4.6 Intersection: 145 11 0.43 3.2 incl. 149 3 0.82 5.7 Drill Hole From (m) Intercept (m) Au (g/t) Ag (g/t) Intersection: 69 7 0.95 - incl. 73 3 1.29 - Intersection: 83 1 1.33 - Intersection: 112 1 1.80 - Arenites and argillites (shales) were the main lithologies in these holes. Commenting, Chairman, Professor Richard Conroy said: “This is good news indeed, every one of the 7 holes that have been drilled so far, all in the top corner of the soil anomaly, have got gold mineralisation present. We believe that this confirms our view that Clay Lake is even more prospective than Clontibret where we have a 1 million oz resource identified already.” |
Monday, 11 October 2010 13:08