Exploration company Conroy Gold says it has uncovered further evidence of high grade gold at its drilling site in Clontibret in Co Monaghan.

In a statement to the stock exchange, the company said the initial results of its in-fill drilling programme uncovered grades of just over 25 grammes per tonne gold over 2.5 metres and 22.37 grammes per tonne gold over 1 metre.

The search also identified a previously unknown mineralised gold zone.

"I am very pleased with these high grades of gold and continuity of mineralisation as we move forward with our plans for the development of a gold and antimony mine at Clontibret," Professor Richard Conroy, Chairman of Conroy Gold said.