Conroy Diamonds and Gold
AIM : CDG IEX : CDG.I
“The potential is clear, the possibilities exciting.
I look forward to the future with confidence”
Professor Richard Conroy – Chairman, Conroy Diamonds and Gold
Image: The Bronze Age “Sun Disc”, County Monaghan, 2200‐2000BC. National Museum of Ireland
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Disclaimer Conroy Diamonds and Gold
Conroy Diamonds and Gold is a natural resources company with advanced Gold
interests in Ireland including ‐
One Million+ Ounce Gold Resource at Clontibret
Moving towards Mine Development ‐ Scoping Study Initiated
Larger Targets ‐ Clay Lake and Glenish
4½ miles on either side of Clontibret
30 mile Gold Trend
Within Company’s c.400 square mile Licence Area
Potential for 15‐20m Ounces
Suggested by In‐House Conceptual Studies
Secured Land Position
100% Licenced with Exclusive Rights to seek Mining Facilities
Highlights Conroy Diamonds and Gold
Share Price: 5.38p (January 29th, 2010) Nominated Adviser: Merchant John East Securities Ltd
Markets: London Stock Exchange AIM IEX Adviser: IBI Corporate Finance Ltd
(Alternative Investment Market) London Stockbroker: City Capital Corporation Ltd
Irish Stock Exchange IEX Dublin Stockbroker: Dolmen Butler Briscoe
(Irish Enterprise Exchange)
Auditors: Deloitte & Touche
Ticker: AIM:CDG, IEX:CDG.I
Market Cap: £7.68m
Professor Richard Conroy: 21,083,353 (14.76%)
Ord. Shares in Issue: 142,864,487 Conroy Plc*: 19,294,286 (13.51%)
Gartmore Fund Managers: 9,885,000 (6.92%)
Registered Office: 10, Upper Pembroke Street, t1ps Investment
Dublin 2, Ireland Management Ltd: 7,142,857 (5.00%)
(Registration No. 232059) *Professor Conroy has a controlling interest in Conroy Plc
Corporate Information Conroy Diamonds and Gold
Share Performance 2009/10
Conroy Diamonds and Gold Plc
London Stock Exchange (AIM) Data
latest data available at www.londonstockexchange.com
Share Performance 2009/10 Conroy Diamonds and Gold
Licence Area (CDG 100%)
Conroy Diamonds and Gold’s licence area
extends for c.1000km2 (400 square miles)
from County Armagh in Northern Ireland
across Counties Monaghan and Cavan in
the Republic of Ireland.
There is excellent infrastructure in the
licence area encompassing a high
quality road network, power supply
and other facilities. The licence area is
approximately 90 minutes by road
from either Dublin or Belfast.
The Company’s head office is in Central
Dublin. Field and core facilities are
located in Clontibret, County
map created in Google Maps
Licence Area (CDG 100%) Conroy Diamonds and Gold
Location and Geology of Gold Targets
Location and Geology of Gold Targets Conroy Diamonds and Gold
Clontibret, Clay Lake and Glenish Targets
Targets defined using Gold‐in‐soil Geochemistry
Clontibret, Clay Lake and Glenish Targets Conroy Diamonds and Gold
Key Milestones 2006 ‐ 2010
2006/07 2008 2009 2010
Airborne Geophysics 1 Million+ oz Clay Lake Target Clay Lake Drilling –
flown over 90% of JORC Resource at Discovered – highest First holes in target,
Licence Area Clontibret gold‐in‐soil values to 310m of diamond
(Proprietary and @ 0.75 g/t cut‐off date drilling
Tellus) (representing a 70%
Zinc anomalies Intersections ‐
identified to the firstname.lastname@example.org/t Gold
First JORC Resource Resources at previous
cut‐off) South of Clay Lake & 1g/t Silver
at Clontibret –
Target inc. email@example.com/t Gold
Four Additional & 1g/t Silver
500,000oz inferred Gold confirmed in
@ 1g/t cut‐off High Grade Lode
bedrock at Clay Clontibret ‐ Scoping
Zones at Clontibret
Lake Target Study Initiated
Increase of Indicated brings total to 38
Resource to 200,000oz
Key Milestones 2006‐2010 Conroy Diamonds and Gold
Developments ‐ 2009/2010
February 2009 – Clay Lake Gold Discovery – up to 1.53g/t in Soil
Discovery of Gold Anomaly extending 2km by 1km (c.141 ha/350 acres). Grades averaging over 50ppb gold‐in‐soil, with
six samples between 100ppb and 1,531ppb (1.53g/t). The surface area is greater than that of Clontibret (c.125 ha/310
acres) and the gold‐in‐soil concentrations are twice the average of those recorded at Clontibret. Clay Lake is located in
Co. Armagh, Northern Ireland, 4½ miles North‐East of Clontibret.
October 2009 – Zinc‐in‐soil Anomaly – values up to 4,047ppm
New zone of Zinc anomalies to the south of Clay Lake identified, with values up to 4,047ppm zinc‐in‐soil.
January 2010 – First Drilling at Clay Lake – firstname.lastname@example.org/t (inc. email@example.com/t Au)
Broad zone of gold mineralisation discovered at Clay Lake. Results are the first initial tests of the target using diamond
drilling. 310m drilled in two inclined holes in the North‐West of the Target anomaly. Wide zone of mineralisation and
quartz stockwork intersected. The 63m intersection also carried silver values of up to 2.5g/t.
February 2010 – Wardrop commence Scoping Study at Clontibret 1m+ oz Resource
Major Step towards Mine Development. The study will report using JORC standards and guidelines.
Work will include Geology, including Regional Geology, Resource Review, Deposit Types and Mineralisation; Mine Plan
and Production, Metallurgy and Plant Design, Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste
Management, Capital and Operating Costs Estimates and Financial Analysis.
Developments ‐ 2009/2010 Conroy Diamonds and Gold
Conceptual Studies Suggest 15 ‐ 20m Ounce Gold Potential
The Company’s technical staff now believe, on the basis of the one million ounce gold resource outlined
at Clontibret, the potential of the remaining 80 per cent of that target, the new discovery at Clay Lake
and other large gold‐in‐soil anomalies that have been outlined elsewhere on the Company’s exploration
licences in Ireland, that the total gold potential on these licences, although conceptual in nature, now lies
in the 15‐20 million ounce range.
Whilst there has been insufficient
1m+ oz Gold*
exploration to date to define such a
mineral resource, and there is no certainty
that further exploration will result in a
resource of this magnitude being realised,
the directors believe that the potential is
clear and the possibilities exciting.
Image: Magnetic survey over the Company’s E FA
licence area. The red to yellow colouration R IDG
shows the influence of the igneous intrusions ‐ CK
a potentially significant control on LO
mineralisation in this rich metalliferous area OR Area of Zinc Anomalies
secured under licence, where a 50km (30 mile)
gold trend has been established by the Newry Igneous Complex
* JORC Resource on 20% of target
known Cu & Molybdenum ** Gold Proven in Bedrock
Conceptual Studies Suggest 15‐20m Ounce Gold Potential Conroy Diamonds and Gold
Clontibret 1m+ oz Gold Resource (20% of Target)
Clontibret Is Conroy Diamonds and Gold’s Most Advanced Gold Target.
Target Soil Anomaly c.125ha (310 acres)
Gold intersections already established in remaining 80% of target ‐ remains to be fully tested
Local Geology and Host Rock : Arenites (sandstones), and Argillites (shales) striking E/W, with
prominent cross cutting faults striking NNE
Gold mineralisation at Clontibret
occurs in two styles within quartz/
High grade lode‐style mineralisation
associated with a series of cross‐cutting
(NNW trending) fault structures
Disseminated gold, associated with
sulphides in a stockwork zone largely
within an arenite (sandstone) sequence
The map shows contours of gold‐in‐soil. The red
areas are above 10ppb which is anomalous for
gold, the orange areas above 20ppb.
Company is moving towards development of the Clontibret Resource
Clontibret Conroy Diamonds and Gold
Wireframe Model of Orebodies in 20% of Clontibret
38 Lode Zones – HIGH North
GRADE – Up to 20g/t
To date 38 Lode Zones up to 10m
wide with grades of up to 20g/t
have been identified,
tracable from surface to depths of
Extensive Stockwork Zone
Disseminated gold mineralisation is
associated with sulphides, largely
within an arenite sequence
Clontibret ‐ Wireframe Model Conroy Diamonds and Gold
Typical Lode Zone Intersections at Clontibret
Typical Lode Zone Intersections :
CDG8: 6.5m @ 7.56g/t
inc. 3.2m @ 12.8g/t
CDG3: 11m @ 4g/t
5m @ 7.19g/t
CDG10: 10.8m @ 2.49g/t
inc. 1.25m @ 8.7g/t
1.25m @ 5.7g/t
2m @ 4.25g/t
CDG6: 3m @ 5.56g/t
CDG7: 2.7m @ 6.16g/t
CDG2: 5.2m @ 3.05g/t
3.5m @ 2.07g/t
Core Facility and Drilling in County Monaghan
Clontibret ‐ Drilling Conroy Diamonds and Gold
1 Million+ Ounce Gold Resource at Clontibret
The resource, which has been estimated on less than 20% of the target anomaly at Clontibret, at a
0.75 g/t cut‐off, totals 25.0 million tonnes grading 1.28 g/t for 1,030,000oz gold contained.
440,000 ounces are in the Indicated category, 590,000 in the Inferred.
Resource Tonnes (Mt) 11 Mt
Grade @ 0.75g/t cut‐off 1.24 g/t
Resource 440,000 oz
Resource Tonnes (Mt) 14 Mt
Grade @ 0.75g/t cut‐off 1.32 g/t
Resource 590,000 oz
Total Resource 1,030,000 oz
Resources are reported in accordance with the JORC code and guidelines.
Clontibret ‐ Resource Conroy Diamonds and Gold
Clay Lake Co. Armagh, 7km (4½ miles) NE of Clontibret
Anomaly measures 2km by 1km (141ha/350 acres) ‐ larger than Clontibret (125ha/310 acres)
Best gold‐in‐soil values encountered to date ‐ double those recorded at Clontibret
More than 80 soil samples
average gold‐in‐soil values
of over 50ppb, with six
greater than 100ppb and a
highest value of 1,531ppb.
Relative to known
anomalous gold values in
this terrain, these are very
Potential source of the
Clay Lake Nugget found
in the 1980s
“This could be the Jewel in the Crown for the Company”
Professor Richard Conroy, Chairman, February 2009
Clay Lake Conroy Diamonds and Gold
Clay Lake Drilling & Rock Chip Sampling
The map shows contours of gold‐in‐soil. The red areas are above 10ppb which is anomalous for gold, the orange areas above 20ppb.
Clay Lake ‐ Drilling & Rock Chip Sampling Conroy Diamonds and Gold
Glenish Co. Monaghan, 7km (4½ miles) SW of Clontibret
An extensive gold geochemical anomaly (147ha/364 acres), larger than that at the Clontibret target
Grab samples, up to 9.4g/t and preliminary drilling (2.2m @ 1.32g/t intersection) confirm gold in bedrock
This target, which lies at the confluence of major structures including the Orlock Bridge Fault, is
considered by the Company to be highly prospective and follow‐up work is planned.
Glenish Plan View
County Monaghan, 7km SW of Clontibret
Glenish Conroy Diamonds and Gold
Stages In Development of a Gold Mine at Clontibret
Planning & Mining Applications
Scoping Mine Development
(WARDROP) c. 18 months
Scoping studies ‐ The studies will involve a preliminary mine plan, and are the basis for determining whether or not to
proceed forward with more detailed engineering work. Work includes Geology, including Regional Geology, Resource
Review, Deposit Types and Mineralisation; Mine Plan and Production, Metallurgy and Plant Design,
Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste Management, Capital and Operating Costs
Estimates and Financial Analysis. The costs of development forecasted by the study are accurate to within 40‐50%.
Environmental studies will form an intrinsic part of the scoping process.
Pre‐feasibility studies ‐ more detailed than scoping studies. A pre‐feasibility study is used in due diligence work,
determining whether or not to proceed with a detailed feasibility study and to determine areas within the project that
require more attention. Pre‐feasibility studies are done by factoring known unit costs and by estimating gross dimensions
or quantities once conceptual or preliminary engineering and mine design has been completed. Pre‐feasibility studies are
completed by a small group of multi‐disciplined technical individuals and have an accuracy within 20‐30%.
Feasibility studies ‐ the most detailed and will determine definitively whether or not to proceed. A detailed feasibility
study will be the basis for capital appropriation, and will provide the budget figures for the project. Detailed feasibility
studies require a significant amount of formal engineering work are accurate to within 10‐15%.
Stages In Development of a Gold Mine at Clontibret Conroy Diamonds and Gold
Mining in Ireland
Pro‐active government commitment to exploration and mining in both the
Republic and Northern Ireland
Ireland has an established mining tradition, favourable business climate, excellent
Already a major base metal producer (Ireland
ranks as the 7th largest producer of zinc
concentrates and 12th largest producer of lead
concentrates in the world)
Other mines include gypsum and salt mines
and there is active gold mining in County Tyrone
in Northern Ireland
Mine at G
Straightforward planning and mining licence
regulations and clear cut environmental
Zinc Mine at Galmoy, County Kilkenny
Mining in Ireland Conroy Diamonds and Gold
Social & Environmental Responsibility
Conroy Diamonds and Gold is committed to conducting responsible, sustainable exploration practices in the communities
and environments in which the Company operates. The Company adheres to industry best practices.
As our business grows, we intend to create new jobs, generate additional tax revenues for local communities and create
opportunities for small and medium business development.
The Company's management and project teams strive to understand, preserve and sustain the precious balance within the
environment where its explorations are conducted.
Conroy Diamonds and Gold's project teams work in cooperation with the government, communities and industry to adhere
to environment policies, laws and regulations with regard to responsible environmental stewardship.
We comply with laws and regulations where we conduct
business and do not make improper contributions to
governments, political parties, or any other organization or
The Company’s social responsibility, environmental
stewardship and health and safety policies are in accordance
with the ‘e3plus Framework for Responsible Exploration’
produced by the Prospectors and Developers Association of
Canada (PDAC), which strives to attain excellence in these
three key areas.
Conroy Diamonds and Gold is an equal opportunities
Social & Environmental Responsibility Conroy Diamonds and Gold
Conroy Diamonds and Gold is a mining exploration and development company
with advanced gold interests in Ireland
1m+ oz JORC Resource Already Delineated On 20% Of One Target (Clontibret)
Scoping Study Initiated ‐ Major Step towards Feasibility and Mining
1,030,000 ounce gold resource (in accordance with the JORC code) thus far delineated on only
20% of one target, Clontibret ‐ this is the largest JORC gold resource in Ireland or the UK
Larger Targets Identified (Clay Lake and Glenish)
Two of the larger targets identified (Clay Lake and Glenish) have gold proven in bedrock and are in
close proximity (4½ miles/7km) to the Clontibret Target
Newly discovered Clay Lake Target is larger in surface area (350 acres/141 ha) than Clontibret
(310 acres/125ha) with gold‐in‐soil values averaging twice those of Clontibret
30 mile (50km) gold trend identified by the Company
Potential for 15‐20m ounces within c.400 square mile (1000km2) secured licence area (100% CDG)
Ireland: Pro‐active Government Commitment, Established Mining Tradition
There is active gold mining in County Tyrone in Northern Ireland. Ireland is already a major base
metal producer which ranks as 7th largest producer of zinc concentrates and 12th largest producer
of lead concentrates in the world
Summary Conroy Diamonds and Gold
Conroy Diamonds and Gold AIM:CDG, IEX:CDG.I
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Conroy Diamonds and Gold