LONDON (ShareCast) - Conroy Diamonds and Gold soared after the group announced the discovery of a series of extensive zinc-in-soil anomalies on its prospecting licences in Counties Monaghan and Armagh in Ireland.
The anomalies, which extend
over several square kilometres, are located to the southeast of the company's Clontibret gold target in County Monaghan and to the south of the large gold anomaly recently discovered at Clay Lake in County Armagh.
"Our primary focus remains the delineation and development of our gold discoveries in the Longford-Down Massif," said chairman Richard Conroy.
"However, we cannot ignore the possibility that we have made a significant zinc discovery, with initial sample values significantly above the typical background values."
"If confirmed, this would be a welcome addition to the well-established gold potential on the company's licence areas," he added.
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