Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Conroy Gold starts drilling at Clontibret
(Sharecast News) - Conroy Gold and Natural Resources said in an update on Monday that drilling has started at its Clontibret project in Ireland, marking the start of an initial 2,000 metre programme aimed at testing the deposit's deeper potential and expanding the existing gold and antimony resource. The AIM-traded firm said the first drill hole was now underway, with a second drill rig expected to be mobilised before year-end to accelerate the programme.
It said the initial hole is targeting the major stockwork zone beneath the historic Tullybuck Antimony Mine at around 500 metres vertical depth, representing the deepest drilling undertaken at Clontibret to date.
Conroy Gold said the hole was designed to intersect more than 10 identified lodes before reaching the deeper stockwork zone, with the objective of improving geological understanding and assessing the potential for higher-grade, structurally controlled mineralisation at depth.
Subsequent drill holes would focus on testing the strike extension of the antimony-bearing lode system towards a postulated northern fault zone believed to separate the Corcaskea mineralisation from the main Clontibret deposit, while also testing several central gold lodes.
The company described the programme as the first phase of systematic deeper exploration at Clontibret and an important step in evaluating the potential for higher-grade mineralisation at depth.
"This initial package of drilling follows on from the insights into plunge controls at the Clontibret target gained from the re-logging effort," said chairman John Sherman.
"The aim of this body of work is to begin to assess the potential for gold in the system at depth, as well as the contribution of antimony to the attractiveness of Clontibret."
Clontibret hosts a defined 517,000-ounce gold resource at an average grade of two grams per tonne, comprising 320,000 ounces in the indicated category and 197,000 ounces inferred, based on a 2017 estimate, and remained open in multiple directions including at depth.
The deposit formed part of Conroy Gold's wider 'Discs of Gold' project, which spans two district-scale gold trends extending over about 90 kilometres within the company's wholly owned licence area in Ireland.
At 1059 GMT, shares in Conroy Gold and Natural Resources were up 8.74% at 11.2p.
Reporting by Josh White for Sharecast.com.
Share this article
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
