Conroy Gold and Natural Resources' shares surge as it eyes larger gold reserves

Conroy Gold and Natural Resources, the Dublin-based prospecting firm, is to begin looking for joint venture partners to develop its assets in the border counties.

In a brief operational update, which boosted its share price, the company yesterday said that it has commenced a fresh drilling programme at its Glenish licence in Co Monaghan, which will be closely followed by additional drilling activity at its headline prospects at Clontibret in Co Monaghan and Clay Lake in Co Armagh.

An independent study has put combined estimated resources for Clontibret and Clay Lake at 5m ounces of gold, understood to be around five times previous targets.