Exploration company Conroy Diamonds & Gold has made a new gold discovery in County Armagh, sending its shares up by more than 40% on the AIM market in London.
The company has already discovered gold at Clontibret, Co Monaghan, where a resource of more than one million ounces have been identified.
Conroy says the latest find at Clay Lake - 7km from the Clontibret site - has come across gold-in-soil values twice the average recorded at Clontibret.
The Armagh site is named after a nugget containing 28g of gold found in a stream bed in the 1980s.
Conroy is exploring a 50km-long area which straddles the north-south border.
