CDG Conroy Diam&Gld

 
TIDMCDG 
 
6 December 2010 
 
                         Conroy Diamonds and Gold Plc 
 
                                (the "Company") 
 
                                 AGM Statement 
 
                              A year of progress 
 
At today's Annual General Meeting of Conroy Diamonds and Gold Plc (AIM: CDG; 
ESM: CDGI), the Irish based resource company exploring and developing gold and 
other projects in Ireland, the Chairman Professor Richard Conroy will make the 
following comments: 
 
"During the period ended 31 May 2010 the Company made the important step from 
exploration to mine development. The drilling results from both Clontibret, 
where we have a JORC complaint gold resource of 1 million ounces having drilled 
only 20 per cent. of the licence area, and Clay Lake, where we have identified 
13 mineralised zones, have been, in my opinion, excellent. 
 
"At Clontibret, scoping studies, which will include a preliminary mine plan, 
have commenced and post the year end Golder Associates were appointed as 
environmental consultants. We look forward to updating shareholders on progress 
as the work advances. 
 
"Clay Lake is potentially a larger target and step out drilling has proven very 
positive. We will look to firm up the results and in the coming months work 
towards building a detailed picture of the anomaly and its scale. The 
information we currently hold indicates that it may be even more prospective 
than Clontibret. 
 
"Equally importantly we have raised sufficient monies, both during and post 
period end, to fund the work necessary to complete the feasibility study at 
Clontibret and to carry out further work to confirm the scale of the Clay Lake 
deposit and for additional drilling, as necessary. 
 
"Finally, I would like to thank the team and the advisers for their hard work, 
Conroy has made excellent progress on all fronts over the last 18 months and as 
a result we are very excited about the prospects for the Company." 
 
Further Information: 
 
Professor Richard Conroy, Chairman, Conroy Diamonds and Tel: +353-1-661-8958 
Gold plc 
 
Simon Clements/Virginia Bull, Merchant Securities       Tel: 
Limited (Nomad)                                         +44-20-7628-2200 
 
John Tuite, IBI Corporate Finance Limited (ESM Adviser) Tel: +353-1-637-7800 
 
John Grant/ Karen Kelly/ David Lawman, XCAP Securities  Tel: +44-20-7101 
PLC (Broker)                                            7070 
 
Michael Padley/Michael Spriggs, Lothbury Financial      Tel: 
Services                                                +44-20-7868-2010 
 
Don Hall, Hall Communications                           Tel: +353-1-660-9377 
 
 
 
END 
 

Conroy Diamonds & Gold (LSE:CDG)
Historical Stock Chart
From Oct 2024 to Nov 2024

Conroy Diamonds & Gold (LSE:CDG)
Historical Stock Chart
From Nov 2023 to Nov 2024