Exploration company Conroy Gold and Natural Resources says it has received positive results from the first hole completed in its planned 3,500 metres infill drilling programme at its Clontibret gold project in Co Monaghan.
The programme is designed to further define gold zones within the proposed mine area. This follows on from the positive results - on both technical and financial grounds - of the scoping study completed by Wardrop Engineering.
Conroy says that the drilling programme will also provide information for mine design purposes together with ore material for metallurgical test work.
'The programme will allow us to optimise the mine design, which shows us initially producing 24,000 ounces of gold per annum, and to further define the resource.,' commented Conroy Chairrman Professor Richard Conroy said.
