Conroy confirms Clay Lake gold find

CONROY Diamonds & Gold – the Irish gold and precious metals exploration company – has confirmed the significant existence of gold at its newest resource at Clay Lake in Co Armagh.

Earlier this year, the Dublin-headquartered AIM-listed firm, said that its combined operations here – between Clay Lake and the older and larger Clontibret asset in Co Monaghan – potentially contained between 15m and 20m ounces of gold. A recent “gold-in-soil” discovery at Clay Lake, located just seven kilometres north-east of Clontibret – led the company’s chairman, Professor Richard Conroy to say that the possibilities were “exciting”, before further exploration work confirmed any true magnitude.

Yesterday, however, Conroy announced that latest rock chip sampling confirmed the presence of gold in the bedrock of the Clay Lake target. Four samples taken from a 100 metre section of the target contained gold – with the highest sample showing 1.31 grammes per tonne of gold.