Theseresults enhance the significance of the Clay Lake area and increase itsstanding
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Theseresults enhance the significance of the Clay Lake area and increase itsstanding as a discovery ranking alongside our Clontibret property."Looking at the broader Clay Lake-Clontibret picture shareholders will havenoted the Company's recent discovery of a series of extensive zinc-in-soilanomalies in the vicinity of the two gold finds. Monaghan where a JORC-compliant resource ofover one million ounces of gold has thus far been identified on only 20 percent. of the target anomaly.The gold-in-soil anomaly at Clay Lake, which measures approximately 2km by 1km(141 ha), is larger than that at Clontibret (125ha) and includes the highestgold-in-soil values ever recorded by the Company - up to 1.53g/t gold-in-soil.In addition, the average gold-in-soil values are twice the average of thoserecorded at Clontibret.Commenting today, Chairman, Professor Richard Conroy said:"We are very pleased that our follow-up work on part of the large Clay Lakesoil anomaly has found gold in the bedrock, confirming both a local source forthe anomaly itself and increasing the likelihood that the Clay Lake goldnugget, found in a stream bed in the 1980s, is also locally derived. Two samples were taken from the fault zone - CLR 2 (0.28 g/t) andCLR 4 (0.12 g/t), whilst CLR 3, which gave the best gold value, was taken froma quartz vein within the arenite.The Clay Lake target find is located some 7km north-east of the Company'sClontibret gold discovery in Co. As part of this mapping the Company identified a largesequence of folded arenites (sandstones) with faulting in the apex of ananticline. The highestvalue, 1.31 parts per million ("ppm") or 1.31 grams per tonne ("g/t") gold, wasreported from sample CLR 3, and the other three returned gold values of 0.28 g/t (CLR 2), 0.12 g/t (CLR 4) and 0.05 g/t (CLR 1).The samples were gathered at the same time as geological mapping of the areawas being undertaken. 30 June 2009 Conroy Diamonds and Gold Plc("Conroy" or "the Company") FOLLOW-UP SAMPLING AT CLAY LAKE CONFIRMSPRESENCE OF GOLD IN BEDROCK* Gold Values Up To 1.31 g/t In Rock Chip Samples From Stream Bed * Broader Picture Enhanced By Recent Discovery Of Extensive Zinc-in-SoilAnomalies Conroy (AIM:CDG) is pleased to announce that rock chip sampling has confirmedthe presence of gold values in bedrock at its new Clay Lake target in Co.Armagh, Ireland where the Company has previously identified an extensivegold-in-soil anomaly.The samples were collected along a 100 metre section of a stream bed in thenorth-west part of the target, and all four samples contain gold.
We have alsopreviously reported that economic conditions make it difficult to predict withaccuracy the short to medium-term trends in passenger demand and that passengerrevenue growth of around 10 per cent in CrossCountry, from a 2008 base of £319million, would be required to maintain 2008 levels of profitability. Steps have been taken to reducethe fuel cost impact on 2009 results and our forward fuel price fixing policywill enable us to recover some £30 million in fuel costs for 2010. Passenger revenue growth for the CrossCountry franchisefor the same period was 2.4 per cent.The anticipated increase in fuel costs of around £60 million across the group,in the full year, has been reported previously. At Arriva Trains Wales, passengerrevenue growth to the end of May was 8.7 per cent, after allowing for timetablechanges in December.
The reported results willreflect the impact of a stronger euro relative to the same period of 2008.In our UK Trains division* passenger revenue has grown in both franchises,although the rate of growth has eased. We have reduced commercially operated mileage by3.3 per cent during the period to control costs whilst maintaining theviability of our network for future growth in the medium and longer term.Mileage growth in our contracted London business, which accounts for around athird of the division by revenue, was 3.4 per cent.Our Mainland Europe division has substantially absorbed the fuel cost headwindso far in 2009, benefiting from the full year effect of acquisitions. Excludingthe impact of exchange rate fluctuations, revenue to the end of May grew 10.4per cent, including 6.7 per cent from acquisitions. Adjusted forthe same number of trading days, revenue has increased by 5.2 per cent in thefive months to the end of May.
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