Conroy Gold & Natural Resources (CDI) (CGNR)

Sector:

Mining

Index:

FTSE AIM All-Share

7.75p
   
  • Change Today:
    -0.13p
  • 52 Week High: 17.25
  • 52 Week Low: 7.75
  • Currency: UK Pounds
  • Shares Issued: 47.85m
  • Volume: 0
  • Market Cap: £3.71m

Conroy strikes gold and sees share prices sparkle

By Duncan Ferris

Date: Monday 26 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Conroy Gold and Natural Resources announced on Monday that it has discovered "an extensive gold zone" at its wholly owned Clontibret gold deposit in the North of Ireland.
The results stem from the completion of the company's first drilling project at the site, which intersected seven gold lodes and identified high grades of up to 24 g/t gold and wide intersections including of up to 5 metres at 6.11 g/t gold.

The drilling was intended to test the extent of high grade gold lodes in the historic Tullyback antimony mine.

Richard Conroy, chairman of Conroy Gold and Natural Resources, said: "In the context of the Clontibret deposit where we already have a JORC compliant resource of 517,000 ounces of gold from just 20% of the single target tested, results of this nature are exceptional."

The AIM traded company, which seeks to discover and develop economic gold deposits in the North of Ireland and Northern Finland, said the results also confirm the effectiveness of its teams pre-drilling technical review.

"The confirmation of an extensive gold zone builds significantly on what we have previously identified. As a result the team are excited with this additional gold zone discovery and what it means for the Clontibret project and our Company as a whole," said Conroy.

The company also said that it has a number of other developments in the pipeline on which it will update its shareholders in the near future.

As of 1003 GMT, Conroy's shares were up 15.74% at 27.20p.

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CGNR Market Data

Currency UK Pounds
Share Price 7.75p
Change Today -0.13p
% Change -1.59 %
52 Week High 17.25
52 Week Low 7.75
Volume 0
Shares Issued 47.85m
Market Cap £3.71m

CGNR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.82% above the market average63.82% above the market average63.82% above the market average63.82% above the market average63.82% above the market average
78.79% above the sector average78.79% above the sector average78.79% above the sector average78.79% above the sector average78.79% above the sector average
Price Trend
78.05% above the market average78.05% above the market average78.05% above the market average78.05% above the market average78.05% above the market average
66.2% below the sector average66.2% below the sector average66.2% below the sector average66.2% below the sector average66.2% below the sector average
Income Not Available
Growth Not Available

CGNR Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

CGNR Key Personnel

Chair Richard Conroy
Finance Director Cathal Jones

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