Further re : Testing of Samples

This announcement replaces the announcement released earlier today at 11.27. This announcement now shows the correct headline of 'Further re: Testing of Samples. 13 February 2006 Conroy Diamonds and Gold plc ('Conroy') CONROY RECEIVES POSITIVE RESULTS FROM FIVE OF SIX NEW TARGETS SAMPLED ON ARMAGH-MONAGHAN GOLDBELT * Deep Overburden Testing Show Targets 5 & 6 Form Single Area 1km By 500m * Follow-Up Sampling Required To Define Periphery Of Target Area Conroy Diamonds and Gold Plc is pleased to announce further positive results from its ongoing programme of closely-spaced deep overburden sampling on the ten targets first announced last April on its Longford-Down Massif licences in the north of Ireland. Six of the ten targets, originally defined by shallow soil geochemistry, have now been sampled in this way, and five have returned positive gold results. The latest sampling, mostly to bedrock, encountered anomalous gold over wide areas with values of up to 172 parts per billion ('ppb') gold returned from Target 5 and a peak value of 334ppb from Target 6. Background values in this area are typically less than 4ppb gold, and 10ppb is considered anomalous. Conroy says it now believes that these two targets constitute a single anomaly which measures approximately 1,000m by 500m. The company also reports that some of the anomalous results occur at the periphery of the target areas, and further follow-up sampling will be required to fully define the extent of the combined Target 5/6 area. All of the targets sampled to date have a spatial relationship with the Orlock Bridge Fault, which is believed to be a controlling factor on gold mineralisation within the Company's licences. The ten new targets lie within a 20km² section of the Armagh-Monaghan Gold Belt that also includes the Company's Tullybuck-Lisglassan and Glenish gold discoveries. The targets are regarded as being highly prospective because they relate to intersections of deep-seated lineaments along the Orlock Bridge Fault. Such lineaments are particularly important as major gold deposits elsewhere in the world frequently form on or close to such structures. To date, the Armagh-Monaghan Gold Belt has been outlined over an area of about 60km2. This represents less than 5% of the Company's total licence area in the Longford-Down Massif. Further Information: Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel: 00-353-1-661-8958 Charles Dampney, City Capital Securities Ltd. Tel: 020-7822-7107 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 Visit website at: www.conroydiamondsandgold.com
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