Irish gold mining firm Conroy Gold and Natural Resources has found four new gold zones on its Glenish target in Monaghan.
The discovery was made in a 150 metre-wide structural corridor in the western part of the Glenish gold target.
It included intersections of 2.25 metres grading 2.65 g/t gold, at a depth of 18 metres, 2 metres grading 1.59 g/t gold at a depth of 27.75 metres; 2.75 metres grading 1.43 g/t gold at a depth of 36 metres and 3 metres grading 1.76 g/t gold at a depth of 64.25 metres.
The Glenish gold target spans 147 hectares.
The gold mineralisation in the drilling area remains open in all directions.
Mining activity in Ireland requires a licence from the State, but “recreational” panning is allowed.
That’s defined as activity that uses only hand-held, non-motorised equipment. The Department of Communications, Energy and National Resources asks panners to seek permission from various parties, including relevant landowners and the National Parks and Wildlife Service, to ensure the site they wish to use isn’t environmentally sensitive.
Precious metals in the ground are the property of the State but panners are allowed to keep small quantities “as a souvenir”. Any finds which return more than 20 gold flakes or individual nuggets that weigh more than two grammes are to be notified to the department.
But selling the gold is a no-no. That’s defined by law as ‘working’ of minerals – which requires permission from the Government.
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