Conroy hopes that gold trend holds 20m ounces

Mineral exploration company, Conroy Gold & Natural Resources has said it now has under licence a 48km area which could contain between 15m and 20m ounces of gold.

The area — within the Longford-Down Massif — features “a series of significant gold targets”, according to the company. The 48km trend includes Conroy’s main gold targets at Clay Lake in Co Armagh and Clontibret in Co Monaghan, where the company proposes to establish a commercial gold mine.

Richard Conroy, the company’s founder and chairman, said: “We continue working on the pre-feasibility study at Clontibret, where we have an economic mine project; whilst also continuing to assess additional targets along the 30-mile gold trend discovered by and which Conroy now has under licence. We have established that a gold mine is viable and we are now working towards bringing it into production.”