Conroy Diamonds and Gold may seek venture partner

CONROY DIAMONDS and Gold may seek an international joint venture partner within 12 months to help bring its increasingly promising gold reserves in Ireland into production.

Group chairman Professor Richard Conroy, a key figure in the discovery of the Galmoy zinc mine in Co Kilkenny, said this “was one option under consideration by the board of directors”.

The group met yesterday to ratify the issuing of 14.85m shares at 4p per share raising £594,000 (€859,000) for its exploration projects. Shareholders passed a resolution at an extraordinary general meeting to that effect yesterday.