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Conroy Gold and Natural Resources ( (GB:CGNR) ) has provided an announcement.
Conroy Gold reported assay results from the first hole in its new 2,000m drilling campaign at the Clontibret gold deposit, intersecting more than 10 lodes and the deepest sulphide mineralisation yet encountered on the property. Key intercepts included 2.8 metres at 4.5 g/t gold, with a 0.5 metre section grading 15.0 g/t, extending known lodes by up to 60 metres to the north and confirming continuity of the mineralised system at depth.
Although the initial hole was halted at about 415 metres due to technical issues before reaching its intended stockwork target, assays from the base of the hole indicate it was still within a gold-bearing zone. A new deep hole, CGC-25-007, is now being drilled to directly target the stockwork zone at depth, and with three rigs operating on site, the results strengthen the case for significant high-grade potential at Clontibret, which shares important geological analogies with Australia’s multimillion-ounce Fosterville mine.
The most recent analyst rating on (GB:CGNR) stock is a Hold with a £16.00 price target. To see the full list of analyst forecasts on Conroy Gold and Natural Resources stock, see the GB:CGNR Stock Forecast page.
Spark’s Take on GB:CGNR Stock
According to Spark, TipRanks’ AI Analyst, GB:CGNR is a Neutral.
The score is held back primarily by weak financial performance (no revenue, recurring losses, and historically negative operating/free cash flow), partly offset by a supportive balance sheet and improving 2025 cash burn. Technicals are constructive with strong trend/momentum, but overbought signals temper the outlook. Valuation provides limited support given loss-making earnings and no dividend.
To see Spark’s full report on GB:CGNR stock, click here.
More about Conroy Gold and Natural Resources
Conroy Gold and Natural Resources plc is an Ireland-focused mineral exploration company specialising in gold, with its flagship Clontibret deposit anchoring the broader “Discs of Gold” project. The company controls two parallel district-scale gold trends spanning about 95km within a 1,000 km² licence area, where it has defined a 517,000-ounce JORC gold resource at Clontibret that remains open in multiple directions, and has identified several additional targets including Clay Lake and Creenkill.
Average Trading Volume: 214,087
Technical Sentiment Signal: Hold
Current Market Cap: £11.54M
For a thorough assessment of CGNR stock, go to TipRanks’ Stock Analysis page.