Firm reveals gold reserves at border

A potential 15m to 20m ounces of gold reserves exist along the border corridor linking counties Longford and Down, according to mineral exploration firm Conroy Gold and Natural Resources.

The Dublin-based firm — which hopes to develop Ireland’s first commercial gold mine at Clontibret in Co Monaghan — made the claim yesterday, based on its own studies of the 50km Longford Massif gold trend, which the firm holds under licence.

The findings add to its previously announced discovery of an extensive zinc-in-soil anomaly in Monaghan and Armagh.

Company chairman Richard Conroy said the firm is “steadily working” towards bringing a gold mine into production at Clontibret, the technical and financial viability of which was confirmed in an independent study recently.

Conroy Gold’s annual results, issued yesterday, show a near 21% year-on-year drop in pre-tax losses for the 12 months to the end of May, from €533,262 to €423,979.

“We are steadily working towards bringing Clontibret into production whilst still discovering additional targets, in particular at Clay Lake [the firm’s Armagh licence area], where indications are for high tonnage and overall gold content,” Mr Conroy said.

“We have also now identified two significant base metal targets on the licence area, one showing zinc results of up to 30%.”

As of the end of its latest financial year, Conroy’s net assets had increased from nearly €12.7m to just over €13m.

Meanwhile, Conroy’s sister company, Karelian Diamond Resources — the Dublin prospector focused solely on diamond opportunities located close to the Russian border in Finland — yesterday reported full-year pre-tax losses of €179,955; down from €207,980 at the end of the previous year.


Tis the season for sequins and excess, but minimalists can stick to their style guns in the season’s next level neutrals. From low-key glitz that’s perfect for party wear to the wardrobe heroes with trans-seasonal appeal, slide into neutral for maximum style with minimal effort. Carolyn Moore reports.Low-key glitz for minimalists with this season's neutrals

How to plump, hydrate and get rid of spots fast before your Christmas party.The Skin Nerd: Getting your quick fix for the festive party season

Irish photographer Seamus Murphy brought music star PJ Harvey to Afghanistan to film part of their documentary, writes Esther McCarthy.Headlong into the war zone in new documentary

Kya deLongchamps shows us how to champion our environmentWinter greens: How to champion our environment this season

More From The Irish Examiner