Gold discovered in Monaghan by exploration firm Conroy
Published 16/06/2015 | 09:51
Conroy Gold and Natural Resources has confirmed the discovery of a 700m by 300m gold-in-soil anomaly near Rockcorry in County Monaghan.
Gold found here is owned by the State and extracted under licence.
The discovery, which the company said revealed four gold-in-soil samples above 20ppb gold and a further five above 10ppb gold, is situated within the 50Km gold trend that Conroy outlined.
"This discovery confirms the gold potential of the Company’s licences in the area lying between the Company’s existing gold targets to the Northwest at Clay Lake, Clontibret, where a mine is being developed, and Glenish, as well as those to the South at Slieve Glah,” said Professor Richard Conroy, chairman of the firm.
It has been claimed that the gold mine at Clontibret could be worth more than €150m.
It lies approximately 7Km southwest of the Company's Glenish gold target and 14Km southwest of Clontibret where the Company proposes to develop its first gold mine in the area.
Conroy added today that the discovery adds to the Glenish and Slieve Glah gold targets and adds further evidence to the continuity of this gold trend which runs from County Armagh across Counties Monaghan and Cavan.