Conroy increases gold estimate

CONROY Diamonds & Gold has significantly upgraded its judgment with regard to exactly what kind of reserves its gold prospect at Clontibret in Co Monaghan holds.

The Dublin-headquartered exploration company has upped its estimations for indicated gold reserves in the Clontibret area of its overall Longford-Down Massif mining interest by more than 200% from 64,000 ounces to 200,000 ounces.

The area at which the company has undertaken further appraisal and evaluation work only comprises about 20% of its mining interest in the Clontibret region.