Exploration company Conroy Diamonds & Gold said it had discovered a fourth area of gold mineralisation in the Armagh-Monaghan Gold Belt, at Corcaskea in Co Monaghan.
The find lies about 1km north of the company's Tullybuck-Lisglassan gold deposit and about 5.5km to the southwest of Conroy's other discoveries at Cargalisgorran and Tivnacree in Co Armagh. All four areas of mineralisation lie along the same geological trend, the Longford-Down Massif.
Conroy says the new discovery is 'highly encouraging'. 'Not only does it reinforce the validity of its exploration model, it also adds further weight to the theory that the Longford-Down Massif could be host to a number of separate gold deposits', it said in a statement.
'It is the company's firm view that the Longford-Down Massif has the potential to become a gold mining province and recent results would seem to substantiate such a belief,' the statement added.
