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 Gold has appointed a project manager to oversee a gold mine in Co Monaghan.

Fastnet Oil & Gas has said that although results were disappointing, the direct net exploration costs incurred by the company, from recent maiden drilling work at its interests offshore Morocco were less than $2.75m.

Conroy Gold and Natural Resources has moved a significant step closer to realising its goal of establishing a second gold mine in the border region.

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.

A gold mining company, which has discovered a 30-mile gold district in Ireland, says it has completed "a key step" towards bringing in a mine at its gold discovery in Co Monaghan.

Fastnet Oil and Gas is in advanced negotiations with international oil and gas companies to farm out its assets in the Celtic Sea.

First-half losses at the Dublin- based firm hoping to develop Ireland’s first commercial gold mine have narrowed by 3%.

CONROY Diamonds & Gold, the Irish gold and mineral resources exploration company, has reported an annual pre-tax loss of €290,445 for the 12 months to end of May, marginally down on the €298,119 loss in the previous year.

CONROY Diamonds & Gold, a mining company exploring for gold in Ulster, gained the most in more than five years in London trading after saying it found a new gold-in-soil anomaly.