Conroy Gold identifies drill targets in Finland

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Conroy Gold and Natural Resources PLC (LON:CGNR) said it has identified a series of drilling targets on its gold exploration acreage in the Sodankylä area of Northern Finland.

The company holds a total of eight gold exploration licences in Finland and the targets shown by the ground magnetic survey include two highly magnetic bodies, which are considered to be IOCG targets, together with a series of targets interpreted as being Shear Zone Hosted gold targets.

The detailed high-resolution ground magnetic survey consisted of 33 lines at 100m separation, ranging from 1km to 3km in length, for a total of 49 line kilometres covering an area of.4.5 km2.

Professor Richard Conroy, chairman, said: “The gold exploration programme in Finland is an extension of the highly successful gold exploration programme in Ireland, which has led to the discovery of a new district-scale gold trend on which the company is currently finalising a joint venture agreement with the Koç family-owned Demir Export AS.

“The results to date on the Company’s Sodankylä target are highly encouraging with a series of IOCG and Shear Zone hosted gold targets highlighted for drilling and the company is commencing preparations for a drilling programme over these targets.”

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