Conroy raises €952k for mining

Irish prospector Conroy Gold and Natural Resources has conditionally raised a further £750,000 (€952,000) to continue the financing of its gold mining operations in counties Monaghan and Armagh.

Conroy’s Clontibret site, in Co Monaghan, is set to become the country’s first commercial gold mine in the next three years, with 50,000 ounces being produced per year over the first five years of the mine’s life.

The new funds will go towards funding the ongoing programme at Clontibret and continued exploration work at the larger, but less-advanced, Clay Lake prospect in Co Armagh.