In a statement, Conroy said it had identified a new gold-in-soil anomaly and a new gold mineralised outcrop indicating an extension of the Glenish gold target.
The new anomaly is 2 kilometres northeast of the Glenish gold target on the border with the Clontibret gold licence.
Rock chip sampling showed gold in bedrock in two areas, said Conroy, one within the Glenish gold target and the other 20 metres to the east of the Glenish target.
Conroy said this suggests the Glenish gold target may extend further than previously indicated by the gold-in-soil sampling.
In a statement Professor Richard Conroy, the group's chairman said: “The continued progress on the company’s Glenish licence, including the discovery of a substantial new gold anomaly at Corlongford close to the border with the Clontibret licence, is highly encouraging and gives further credence to the estimates of 8.8 million potential contained ounces gold in the Clontibret-Clay Lake-Glenish gold target areas.
“This is in addition to the 517,000 ounces gold (JORC 2012) resource at Clontibret."