Conroy Gold and Natural Resources PLC (LON:CGNR) has hit high grade zinc in an infill soil sampling programme on the northern section of its holdings on the Longford Down massif in Ireland.
Values of 3,700 parts per million zinc were recorded, with 10 samples greater than 1,000ppm zinc.
The results also indicated the presence of a range of associated elements including lead, cadmium, manganese and nickel.
The zinc zone in the Longford-Down Massif lies to the south of the new district-scale gold trend which the company has discovered in the Massif and where, at Clontibret, the company proposes to develop its first gold mine.
The Longford-Down Massif has an established history of base metal mining including the antimony mines at Clontibret, where gold was first discovered, and a series of shallow lead and zinc mines which were worked in the nineteenth century.
A follow-up drilling programme is now planned.
“I am particularly pleased at these highly encouraging results from the Aughnagurgan zinc target,” said Professor Richard Conroy, the company’s chairman.
“The Longford – Down Massif is enriched with base metals, as well as gold, and has a significant history of mining for base metals, including zinc, lead, copper and antimony which demonstrate the size and extent of the metalliferous system in the Massif and its mining potential for both gold and base metals.”
He emphasised that the company’s primary focus remains on the district-scale gold trend which it discovered on the Longford Down massif within its 800 square kilometre licence area and on bringing in a mine at the Clontibret deposit where it has already proved up an existing JORC compliant gold resource of 517,000 ounces.
“We have recently signed a letter of intent with Demir Export A.S. for a proposed joint venture on an earn-in basis over the twelve licences held by Conroy Gold in the Longford-Down Massif,” said the Professor.
“Demir Export is a long established mining company with interests in iron, coal, gold and base metals, including zinc and copper, in Turkey. Demir Export has the mining expertise and the financial resources not only to bring the Clontibret gold deposit to construction ready status and into operation as a mine, but also to advance the significant gold potential of the other licences along the gold trend to the same status and also the base metal potential of the Massif.”