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The latest update is out from Conroy Gold and Natural Resources ( (GB:CGNR) ).
Conroy Gold and Natural Resources PLC announced the discovery of a mineralised outcrop at the Corcaskea gold target in Ireland, suggesting a different structural orientation of mineralisation compared to the Clontibret resource area. This discovery, known as McCully’s Outcrop, has the potential to enhance the prospectivity of the Corcaskea gold target as an extension of the Clontibret gold resource. The outcrop’s East-West orientation and North dip differ from the previously understood lode directions, providing new insights for future drilling strategies. This development could significantly impact the company’s resource expansion efforts and strengthen its geological understanding, potentially benefiting stakeholders by increasing resource estimates and guiding exploration efforts.
More about Conroy Gold and Natural Resources
Conroy Gold and Natural Resources PLC is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in the ‘Discs of Gold’ project in Ireland, which features two parallel district-scale gold trends extending over approximately 90 kilometers. The project is anchored by the Clontibret gold deposit, which has a defined resource of 517,000 ounces of gold. Conroy Gold holds licenses for this area and has identified multiple gold targets, with notable geological similarities to large gold deposits in Southeastern Australia and Atlantic Canada.
Average Trading Volume: 219,246
Technical Sentiment Signal: Sell
Current Market Cap: £1.93M
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