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GOLD REPORT

  1. I am Thinking of taking up a few shares in a UK listed gold prospecting tiddler on the back of the following published report...can anyone with gold prospecting experience / listed gold explorers, tell me if this report represents a technically promising prospect:


    Conroy Diamonds & Gold: Excellent Drilling Results:

    The gold deposits and prospects identified to date are all spatially related to the Orlock Bridge Fault, a geological structure, which your Company's geologists believe most influenced the creation of the Gold Belt and is the main geological control over mineralisation in the region.

    Recent drilling in the Gold Belt has included the intersection of a 67m (200ft) mineralised zone at your Company's Tullybuck-Lisglassan gold deposit in Co.
    Monaghan.

    This broad zone of gold mineralisation is much wider than any previous intersection in this deposit. The result adds further weight to the view
    expressed by the British Geological Survey in its March 2000 report that mineralisation at Tullybuck-Lisglassan may be considerably more extensive than previously thought. It also has important implications for the demonstration of an economic resource for future mining.

    Results from drilling at your Company's gold deposit at Cargalisgorran in Co. Armagh are also highly encouraging. Significant gold mineralisation has been
    identified in three separate structures over a strike length of approximately 150m. The deepest intersection to date is at a vertical depth of around 55m below surface. The mineralised structures are parallel, trend NNE, and all three are open at depth and along strike. Only a very small part of a very large geochemical anomaly covering the Cargalisgorran prospect has so far been investigated by trenching and drilling.

    A new zone of gold mineralisation has been discovered in the Gold Belt. The new discovery is located at Tivnacree in Co. Armagh, some 1.2 km south-west of
    Cargalisgorran where previous reconnaissance geochemistry outlined a gold - in soil anomaly some 300 x 250 metres in area. The identification of this new zone
    of gold mineralisation is a very welcome development which adds further weight to the view that the two gold deposits already discovered by the Company in
    Armagh and Monaghan are part of a larger gold bearing system.

    Several other gold in soil anomalies have also been outlined by geochemical sampling elsewhere within the Armagh-Monaghan Gold Belt. All of the Gold Belt
    lies within your Company's licence area.

    Elsewhere in the Longford-Down Massif, near Slieve Glah in Co. Cavan, some 45 kilometres to the south west of Tullybuck-Lisglassan, the Orlock Bridge Fault
    shows a marked deviation to the south and may form a dilation zone. This type of geological structure is frequently associated with large-scale mineral
    deposition. To date a detailed soil geochemistry programme has defined three extensive gold anomalies in the area and trenching to bedrock is planned in
    order to define drill targets.


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