Conroy Goes For The Gold In Clontibret

Dublin-based mining company, Conroy Gold And Natural Resources Plc (LON:CGNR) is seeking to establish a major gold mine in Clontibret, Co. Monaghan, Ireland. The company’s exploration work has already led to the identification of a new European gold district in Ireland extending some 30 miles across Armagh, Monaghan and Cavan, and now the firm has issued a statement saying that there could be 15 to 20 million ounces of the precious metal in the area known as the ‘Longford-Down Massif’.

Could this mean a rush on company shares?

Company chairman, Professor Richard Conroy talked about the prospects:

"We are steadily working towards bringing Clontibret into production whilst still discovering additional targets in particular at Clay Lake, where indications are for high tonnage and overall...