Conroy Gold to accelerate Irish mine development plans
Source - SMW
Conroy Gold and Natural Resources said it was accelerating development on its Irish gold property with a focus on commercialisation and the exploration of significant gold targets.
The company had put in place a drill programme, which would commence shortly, to increase the known JORC resource of 517,000 ounces of gold at Clontibret.
'I am very pleased to report that following the strategic financing in December that we now have the funds in place to accelerate the work necessary to enable us develop a mine at our Clontibret/Clay Lake target,' chairman Richard Conroy said.
'Based on the work already done we believe we have the opportunity on our licence area in Ireland to develop a world class mining project.'
'The focus will be on Clontibret initially as we look to bring in the first gold mine on our property into production at the earliest opportunity."
At 2:45pm: (LON:CGNR) Conroy Gold And Natural Resources PLC share price was -3p at 26.5p