Conroy Gold (#CGNR) - "Progress made" at World's slowest gold mine project
- 2015-11-23 02:57:11
UK 18:08 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Long-term AIM dog Conroy Gold and Natural Resources (CGNR) says it has discovered an ‘extensive’ gold anomaly’ of 700 by 300 metres in soil sampling at Rockcorry in Co. Monaghan some 14 km. from the company’s existing Clontibret gold and antimony project. The Dublin-based company, whose shares have evaporated from 2005’s AIM float price of 25p to 0.8p now, says four samples showed more than 20 parts of gold per billion of soil and five samples showed more than 10 parts per billion.
John Meyer of SP Angel this morning comments on Conroy Gold & Natural Resources (CGNR), Kefi Minerals (KEFI), Metminco (MNC), Thor Mining (THR) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Conroy Gold and Natural Resources (CGNR) ‘could have more than 10 million oz. of gold,’ declares Professor Richard Conroy, founder, chairman and 22% shareholder of the unhurrying Irish gold explorer whose unloved shares have lost 97% of their value since floating on AIM at 25p 15 years ago. Also head of Finland-focused Karelian Diamonds and one of the original discoverers of Ireland’s major Galmoy zinc deposit in Kilkenny, Conroy is celebrating encouraging infill drilling results at the Dublin-based company’s Clontibret gold and antimony target in Co.Monaghan.
Ordinarily one would remain wary of suggesting that any mining stock of any shape and size is likely to flourish, if only on the basis that over the past 3 years and more this asset class has delivered an experience akin to 15 rounds with Mike Tyson. However, in the case of Conroy Gold (CGNR) it may be worth suspending the cynicism at least for now.
