As gold hits all-time highs, a Monaghan mine gets funded

A decision made in Washington DC is rippling through the world economy. One knock-on effect is an investment in a gold mine in Clontibret, Co Monaghan.

31st Jul, 2020 - 8 min read

For 25 years, Professor Richard Conroy has been making the case that there is a world-class gold deposit between Cavan town and Castleblaney, Co Monaghan. Conroy is the Chairperson of Conroy Gold and Natural Resources (CGNR:LN). 

In the first of CGNR’s target areas in Clontibret, there are 517,000 ounces of indicated and inferred gold. CGNR thinks there could be another 8.8 million ounces in total. At today’s prices, 517,000 ounces of gold would be worth €862 million; 8.8 million ounces would be worth €14 billion.

Yet CGNR has been kicking around Aim for more than 20 years without success. What it has are the rights to...

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