British gold producer fails to create joint venture in Ireland

Negotiations between Anglo-Asian Mining and Conroy Gold and Natural Resources plc for a joint venture were terminated in early 2021, Report informs, citing the company.

It had become apparent during the negotiations that the Company had a very different vision for the joint venture to that of Conroy. The company still has ambitions to develop mines outside of Azerbaijan and continue to look at other opportunities which will add value for our shareholders.

Conroy Gold and Natural Resources PLC (“Conroy Gold”) is a gold exploration and development Company focused on Ireland and Finland.
Conroy Gold has discovered a 65km (40 miles) new district-scale gold trend. The trend is located along with a major geological structure, the Orlock Bridge Fault Zone, in the Longford-Down Massif in Ireland.

Conroy Gold is moving to develop, at Clontibret, in County Monaghan, its first gold mine in the trend. A number of other gold discoveries including Clay Lake, Glenish, and Slieve Glah, with gold proven in bedrock, have been made by the Company along the trend.