Gold Rush for Tipp?
Prospecting Licence Granted

THE next gold rush might not be to the Klondike or California, but the hills of Tipperary, following an announcement by a major prospecting and minerals company this week.

THE next gold rush might not be to the Klondike or California, but the hills of Tipperary, following an announcement by a major prospecting and minerals company this week.

Conroy Gold and Natural Resources PLC has announced that it has been granted seven new prospecting licences in Counties Clare, Tipperary and Kilkenny.

The licences cover a huge area of some 300 square kilometres (116 sq miles) in areas where gold has been reported previously. All have similar geology to the Armagh/Monaghan gold belt where the Company is currently moving towards development of its first gold mine. Little is known so far as to the total value of the gold deposits, or how many jobs the mines might generate, but in an announcement on Tuesday, the company seemed upbeat about the prospect of mining gold in the Premier County. It’s understood the area might be in east Tipperary, bordering Kilkenny where previous mining operations were previously involved in the discovery and development of zinc ore bodies at Galmoy.

Commenting, Chairman Professor Richard Conroy said: “I am delighted that the Company has been granted these licences in lithologies similar to those of the Armagh-Monaghan gold belt where we have been so successful, and are now focusing on development. It is, I believe, important to secure this similar geological terrain and to initiate preliminary exploration on it.

“I particularly welcome working again with the same management which were previously involved in the discovery and development of zinc ore bodies at Galmoy which revived the Irish base metal industry. We look forward to doing the same in gold.” The company was unavailable for further comment prior to going to print.