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07/03/2011
Monaghan Is Drilling For Gold
An exploration company has started drilling at its Clontibret gold prospect in County Monaghan.
Conroy Diamonds & Gold said the decision follows a study completed by Wardrop Engineering, which produced positive results on both technical and financial grounds.
More than 3,500 metres of infill drilling have been planned initially.
Chairman Professor Richard Conroy commented: "This is the next stage as we move towards developing a mine at Clontibret."
Conroy explained that the drilling will further define gold zones within the proposed mine area, potentially increasing the resource.
The infill drilling will also provide technical information for mine design purposes.
(JG)
Conroy Diamonds & Gold said the decision follows a study completed by Wardrop Engineering, which produced positive results on both technical and financial grounds.
More than 3,500 metres of infill drilling have been planned initially.
Chairman Professor Richard Conroy commented: "This is the next stage as we move towards developing a mine at Clontibret."
Conroy explained that the drilling will further define gold zones within the proposed mine area, potentially increasing the resource.
The infill drilling will also provide technical information for mine design purposes.
(JG)
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