Last checked at 
LONDON (Alliance News) - Conroy Gold & Natural Resources PLC Monday said it has discovered a number of gold zones at the surface on its Slieve Glah gold target in Ireland, after rock chip grab sampling tests.
The mining exploration and development company said the zones occur over a 3 kilometre space and grab samples included a high result of 1.7 grams per tonne of gold along with regions of 0.38 grams per tonne, 0.35 grams per tonne and 0.28 grams per tonne of gold in black carbonaceous pyrite shale rocks at the site.
The company has previously identified, through geophysics and soil sampling, four large gold targets areas at Slieve Glah, which is located roughly 40 kilometres south of the company's Clontibret Gold project.
"This is very encouraging and adds further evidence of the potential extent of what we believe is the beginning of a new European gold district," Chairman Richard Conroy said in a statement.
Conroy Gold shares were up 13% to 1.30 pence, putting it amongst the top-5 AIM ALL-Share risers during early trading on Monday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
Copyright 2014 Alliance News Limited. All Rights Reserved.
