Conroy Gold and Natural Resources announced yesterday they are closer to establishing a productive mine at its Clontribret site in Monaghan.

Results from the recent survey are positive with a gold bearing anticline identified. Company Chairman Richard Conroy added, “This is very encouraging and, indeed, exciting news as in addition to the widths of gold which have been encountered during drilling, it adds further geological evidence that the Clay Lake gold target could have the potential for high tonnage and overall gold content,”

The company has just raised a further half a million pounds to help with further development of the site.