Conroy Diamonds slightly narrows its half year losses

IRISH gold and precious metals exploration company Conroy Diamonds & Gold has marginally narrowed its half-year losses, for the six months to the end of November, to €183,126 from €202,464 for the same period in the previous year.

The company’s chairman Professor Richard Conroy said that the six-month period had resulted in the Clay Lake gold asset in Co Armagh showing post-sampling study results of the highest gold-in-soil values ever recorded in any of the company’s Irish-based exploration licences.

“We’re now moving beyond the exploration phase at Clontibret [the company’s Co Monaghan-based licence] and Wardrop Engineering has commenced a scoping study to determine if the current resource of just over one million ounces of gold can support a profitable mining operation,” Prof Conroy said.