Conroy Gold discovers five more anomalies along Skullmartin

(Sharecast News) - Conroy Gold announced the discovery of five additional gold anomalies along its Skullmartin gold trend in Ireland on Tuesday, significantly expanding the target area to over 30 kilometres and reinforcing the region's exploration potential. The AIM-traded firm said the newly-identified anomalies - Clarebane, Knockreagh, Shanco, Taghart, and Moyer - added to the previously-known Creenkill and Bocks targets.

Two of the new anomalies, Moyer - three kilometres by three kilometres - and Shanco - three kilometres by one kilometre - covered substantial areas and were considered high-priority targets for follow-up exploration.

The anomalies were identified through a soil sampling programme, with assay results from ALS OMAC Laboratories showing 30 samples with gold-in-soil values above five parts per billion, and a peak result of 82 parts per billion gold.

"This is a positive step forward with the identification of five new gold anomalies bringing the total on the expanded 30 kilometre length Skullmartin trend to seven to date," said chairman John Sherman.

"These discoveries, while early stage, significantly support the exploration potential along the Skullmartin trend where free gold in outcrops with values of up to 123 grams of gold per tonne have been discovered at Creenkill."

The Skullmartin trend, first discovered in 2022, lies 20 kilometres south of the Orlock Bridge trend and runs in parallel.

Creenkill remained the company's most advanced target, with assay results from visible gold in a quartz breccia outcrop reaching 123 grams of gold per tonne.

Further trenching and drilling at the site had extended the mineralised zone to 150 metres, with grades of up to 64.3 grams per tonne over one metre and 11.5 grams per tonne over 0.5 metres recorded.

12 kilometres southwest of Creenkill, the Bocks target spanned 1.5 by 1.1 kilometres and was also under further assessment.

Conroy said the latest discoveries underscored the broader prospectivity of the Longford-Down Massif and supported its ongoing regional exploration programme.

The company noted that anomalies exceeding 10 parts of gold per billion in the region were typically associated with gold in bedrock, providing a strong basis for continued drilling and trenching along the trend.

At 0925 BST, shares in Conroy Gold were up 2.22% at 4.6p.

Reporting by Josh White for Sharecast.com.