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DUBLIN - Conroy Gold and Natural Resources plc (AIM: CGNR), an Irish resource company, has announced its half-yearly results for the period ending November 30, 2024. The company, which is advancing its "Discs of Gold" project in Ireland, reported a re-logging program of approximately 33,000 meters of drill core, with a particular focus on over 16,000 meters at its Clontibret site.
The company’s efforts also included base metals (zinc) scout drilling work in Northern Ireland and a soil-sampling campaign to help prioritize drilling targets on the 25km Skullmartin gold trend. Conroy Gold is engaged in ongoing discussions with potential strategic and financial partners to define and fund the next cycle of major investment in the project.
In addition, the company has plans to apply to the European Union for recognition of the Clontibret project, which has potential for antimony, as a strategic project. As of November 30, 2024, the net assets of the group stood at €20,898,161, with a reported loss for the six-month period of €238,578. During the same period, the group raised £259,000.
John Sherman, Chairman of Conroy Gold, commented on the company’s progress, highlighting the identification of base metal targets adjacent to the Clay Lake gold target area, new gold targets on the Skullmartin trend, and the commencement of re-logging at Clontibret to upgrade the current geological model. The company’s work on other license areas also continues.
The company’s efforts to advance its mining projects reflect ongoing developments in the sector, with particular attention to the strategic value of mineral resources in Europe. This update is based on a press release statement from Conroy Gold.
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