Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic CDG
Time: 16:30:16
Mid Price: 5.00
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 5.63
Fifty Two Week Low: 2.38
Market Capital: 7.14
Period & price data
Period Price
Now: 5.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Gold
Epic: CDG
News: Latest news
Web Site: Conroy Diamonds & Gold
Other Articles: 30-06-200904-06-200905-02-2009

Conroy Diamonds & Gold

The Company has delineated a 1 Millon+ oz (JORC-compliant) gold resource along a 50km (30 mile) gold trend from County Armagh across to Counties Monaghan and Cavan, along which it has identified a series of highly prospective gold targets.
Tuesday, November 24, 2009

Conroy Diamonds and Gold reports highest ever gold values from sampling at Clay Lake anomaly

company news image

Conroy Diamonds and Gold (AIM: CDG) has reported the results from rock chip sampling at its Clay Lake gold anomaly in county Armagh, which indicated the presence of a broad zone of mineralisation and quartz stockwork and returned the highest gold values ever recorded by the company.


The sampling and detailed geological mapping of a stream bed in the northern corner of Conroy’s extensive Clay Lake gold anomaly has identified an 18m (metre) wide zone of mineralisation with an average grade of 0.47 g/t (grammes per tonne) with individual samples ranging up to 1.69 g/t gold. The highest values were returned by the last three metres of the sampled section, producing an average grade of 1.3 g/t gold. The 18m section also returned silver grades of up to 1.4 g/t.


The company said the presence of silver was “interesting in itself,” indicating that the gold at this project had different characteristics to that at Clontibret gold discovery, adding that the results suggested that gold-associated sulphides at Clay Lake were disseminating into the surrounding host rocks.

“The results are particularly significant since the direction of the sampling traverse cuts across the trend of the mineralised zones. Furthermore, the best values were obtained from the last few metres of exposed rock and the mineralisation therefore appears to be open beyond that point. The results also confirm that mineralisation is pervasive in the area,” said Chairman of Conroy Diamonds Richard Conroy.


The Clay Lake anomaly is located about 7 km (kilometres) to the north-east of Clontibret in county Monaghan, which has a JORC-compliant of over a million ounces within 20% of the total target area. At 141 ha (hectares), the Clay Lake anomaly is larger than the 125 ha Clontibret and has returned the highest gold-in-soil values ever recorded by the company on its Irish licenses.


Shares in Conroy Diamonds and Gold rose 6% on the news.

NewsNow icon AddThis Feed Button
Register here to be notified of future Conroy Diamonds & Gold articles.

Other Conroy Diamonds & Gold news

More news ►

Investors interested in Conroy Diamonds & Gold recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.