Conroy Diamonds: Two breakthroughs in Longford/Down

Conroy Diamonds & Gold said it has achieved two important breakthroughs in exploration of its properties in the Longford-Down area.

The first breakthrough was the intersection of a broad zone of gold mineralisation over a 67m down-hole width in diamond drilling at Tullybuck-Lisglassan in Co Monaghan.

This broad mineralised zone is far wider than any previous intercept and is particularly significant in that it indicates the distribution of mineralisation within the deposit is not limited to the high-grade veins previously reported, it said.

The second was the discovery of a third area of gold mineralisation within the Gold Belt.

Chairman Richard Conroy said it is increasingly likely that the discoveries made to date will prove to be part of a much larger gold-bearing mineralised system.