Conroy Gold and Natural Resources has reported retained losses of €213,504 for the six months to the end of November, but said the period was one of very positive progress for it.
The company said the positive results from a study indicate that the Clontribret gold project in Co Monaghan is 'viable' and provides a sound technical and financial foundation to move forward towards production.
Company chairman Richard Conroy said that he believes further expansion of the site is likely and the project has the potential for a multi-deposit strategy. He also said that further positive drilling results came from Clay Lake.
Conroy also raised €1.9m through a share placing and subscription in the six months.
