Conroy considers joint-venture agreement

DUBLIN-based exploration firm Conroy Diamonds & Gold is considering entering a joint-venture agreement with another company in order to advance its drilling and exploration work at its Longford-Down Massif mining interest.

Conroy yesterday announced half-year results for the six months to the end of November, showing a loss of €144,914, down from a profit of €484,823 for the same period the previous year.

The group said that a recent drilling procedure discovered a resource estimate of 500,000 ounces of gold in less than 20% of its Contibret gold deposit in Co Monaghan — a first step by the company towards full economic assessment of its gold discoveries in the total Longford-Down Massif.