PR Newswire
LONDON, United Kingdom, February 26
[2011 Jan 28 CGNR Logo]
26 February 2026
Conroy Gold and Natural Resources plc
(«Conroy Gold» or «the Company»)
Company Update
· Drilling programme continuing at Clontibret with three rigs on site
· Company at exploratory stage of considering a dual listing on the TSX
-Venture Exchange
Ahead of the PDAC annual meeting in Toronto (March 1-4) where the Company
expects to meet with prospective partners (both strategic & financial), industry
stakeholders, and individual shareholders, the Company provides the following
operational and corporate updates:
Operational Update
In respect to the work programme outlined in the announcement of 15 December
2025, the drilling of the first two holes (CGC-25-001 & CGC-25-003) has been
carried out, and the drill core is in the process of being logged, cut, and
sampled. The first samples have been dispatched to the ALS laboratory in
Loughrea for assay and the results are awaited.
Drill hole CGC-25-001 was stopped due to technical difficulties encountered
during a re-entry at a depth of approximately 150m following a change of drill
bit. The hole had already reached ca. 415m but had not yet reached its target
depth in the stockwork zone. Zones of sulphide mineralization were encountered
including at ca. 410m, representing the deepest zones of sulphide mineralisation
intersected at Clontibret to date. The intersections confirmed continuity of the
model both along strike and at depth: we await the assay results from ALS to
confirm gold mineralization within these zones. A new deep hole, CGC25-007, has
been permissioned and is being drilled to directly target the stockwork zone
informed by the observations in CGC-25-001.
The Company secured a third rig earlier this month, so the following three holes
are currently underway at Clontibret: 1) CG 2025-007 (500 metres), as described
above; 2) CGC-25-002 (340 metres) which targets the antimony zone as outlined in
the announcement released on 15 December 2026; and 3) CGC-25-005 (420 metres),
which aims to confirm gold mineralization in the northwest corner of the
deposit, an area where there has been limited drill activity to date. We expect
to complete this round of drilling in Q2 2026, with the analytical and assay
results to follow.
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Corporate Update
The Company remains in ongoing discussions with prospective strategic and
financial investors on sourcing funding for future rounds of investment in the
«Discs of Gold» project. The Board’s overriding priority is to protect and
enhance value for the Company’s current shareholders as it works to advance the
«Discs» project towards mine development. The Company completed a non-brokered
private placement of c.£1.73 million in October 2025 which, as previously
announced, had support from long-term value investors in North America. As such,
the Board is considering, and has taken initial exploratory steps, to dual list
its shares on the TSX-Venture Exchange («TSX-V») in Canada. A TSX-V listing
would offer North American investors a path on the Company’s share register and
an ability to transact more easily and would enable the Company to potentially
access a wider range of investors and different pools of capital outside of the
UK. A potential dual listing of the Company’s shares on the TSX-V remains at an
early, exploratory stage and there can be no guarantee that a dual listing on
the TSX-V would proceed nor the timing thereof. The Company will update
shareholders once a decision on a dual listing is finalised.
About the «Discs of Gold» Project
Conroy Gold’s «Discs of Gold» project in Ireland is defined by two parallel
district scale gold trends, extending over c.95km, which are 100 per cent. held
under license by the Company and anchored by the Clontibret gold deposit. The
Clontibret target area contains a currently defined JORC (2012) 517Koz gold
resource @ 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)) which
remains open in multiple directions. The Company has identified a further seven
gold targets in its license area with the Clay Lake and Creenkill gold targets
being of particular interest. Gold occurs in multiple styles in the Company’s
license area, including free gold, refractory gold in arsenopyrite and gold
associated with pyrite and antimony (stibnite), suggesting multiple hydrothermal
events occurred within the licence area. There are clear geological analogies
between the «Discs of Gold» targets and large gold deposits in Southeastern
Australia and Atlantic Canada.
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
John Sherman, Chairman
Maureen Jones, Managing Director
Allenby Capital Limited (Nomad) Tel: +44-20-3328-5656
Nick Athanas / Nick Harriss
Hybridan LLP (Broker) Tel:+44-203-764 2341
Claire Louise Noyce Tel: +44-20-3290-0707
Lothbury Financial Services
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at:www.conroygold.com
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