Exploration company Conroy Gold and Natural Resources has discovered a potential new gold target in Co Monaghan.

Conroy said it has found an "extensive" gold-in-soil anomaly near Rockcorry in Co Monaghan. It said in its experience, the levels found in the gold-in-soil samples have tended to be associated with gold-in-bedrock. 

The new discovery is about 14km southwest of Clontibret, where the company proposes to develop its first gold mine in the area. It is also about 7km from the company's gold target at Glenish.

Conroy said the new find is located within the 50km gold trend that it has outlined, adding that its position is further evidence as to the continuity of this trend.

The gold trend runs from Co Armagh across counties Monaghan and Cavan and lies along the major geological structure know as the 'Orlock Bridge Fault'.

"This discovery confirms the gold potential of the company’s licences in the area lying between the company’s existing gold targets to the Northwest at Clay Lake, Clontibret, where a mine is being developed, and Glenish, as well as those to the South at Slieve Glah," commented Conroy's chairman Professor Richard Conroy