Conroy Gold and Natural Resources has discovered more large gold-in-soil targets within its Slieve Glah licence areas in Co Cavan.
The new Slieve Glah gold targets lie at the southern end of the 30 mile gold trend discovered by the company. This stretches from Co Armagh in Northern Ireland to Co Cavan.
It is about 25 miles south of the Clontibret Gold Project in Co Monaghan.
Conroy said that two new targets, each over 3km in length, were discovered.
In one of the newly discovered targets, one highly anomalous area measuring 1,000 metres by 500 metres has been identified.
Gold values of up to 300 ppb (parts per billion) Au were recorded. The statement noted that, in Ireland, gold values over 10ppb Au are considered highly anomalous.
Gold had previously been confirmed by the company in bedrock in the Slieve Glah target area through trenching and diamond core drilling.
Conroy's chairman Professor Richard Conroy described the results as ‘'very exciting''.
They ''add not only to the prospectivity of the very large targets at Slieve Glah but also to the entire 30 mile gold trend that the company has discovered, all of which, as outlined to date, lies within the company’s licence area,'' he added.