Conroy Gold up on back of discovery

CONROY Diamonds & Gold, a mining company exploring for gold in Ulster, gained the most in more than five years in London trading after saying it found a new gold-in-soil anomaly.

Conroy increased 1.13 pence, or 56%, to 3.13 pence at the close, the biggest gain since September 10, 2003. The stock has risen 53% this year, giving the company a market value of £3.3 million (€3.72m).

Conroy chairman, Prof Richard Conroy, said: “We have long held the view that the Clay Lake nugget is clear evidence of the area’s gold potential, and we have actively been seeking the source of this nugget for a number of years. These latest results, with the highest gold-in-soil values encountered anywhere in our licence area, may well indicate that the source of the nugget lies within the new anomaly. It could well be the jewel in the crown for the company.”