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Ormonde Mining PLC

Publié le 14 avril 2011

Hemscott News Alert - Ormonde Mining PLC

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Mots clés associés :   Copper | Ormonde  mining | Zinc |
RNS Number : 8704E
Ormonde Mining PLC
14 April 2011
 

14 April 2011

Ormonde Mining plc

("Ormonde" or "the Company")

 

Barruecopardo Drilling Progress

 

The Board of Ormonde is pleased to report on-going results from its infill drilling programme at its flagship Tungsten project at Barruecopardo.  The current twenty hole infill drilling programme has been completed and the results of a further three holes located in the southern portion of the deposit, where current mineral resources are in the Inferred category, and where the various tungsten zones converge, are reported on below.

 

Main Points

 

?     All three holes encountered good intervals of tungsten mineralisation including:

BAR-56      4 metres grading 0.94% WO3

BAR-60      3 metres grading 3.79% WO3 (*2.39% with an upper-cut applied) and

11 metres grading 1.32 WO3 (*0.88% with an upper-cut applied)

BAR-61       2 metres grading 3.82% WO3 and

2 metres grading 1.03% WO3

 

?     These infill drill hole results demonstrate overall continuity of the mineralisation.

 

?     Assay results for the outstanding fourteen holes will be released on a 4-5 week basis over the coming months and will be incorporated in a final mineral resource and a revised open pit design during the summer.

 

?     Drilling is now focussed on sterilisation holes on the proposed plant and waste dump sites.

 

 

Kerr Anderson, Ormonde's Managing Director, said:

 

"These results further enable the continuity of the mineralisation on the southern end of the deposit to be better established which will allow this part of the deposit to be included in the final mine plan".

 

New Drilling Results

 

Hole

From (m)

Width (m)

True Width (m)

WO3%

WO3% (cut)*







BAR-56

156

4.0

2.7

0.94

0.94







BAR-60

108

38.0

25.5

0.75

0.51

including

108

3

2.0

3.79

2.39


115

5

3.4

0.26

0.26


126

1

0.7

0.92

0.92


135

11

7.4

1.32

0.88







BAR-61

100

2

1.3

3.82

3.82

and

113

2

1.3

1.03

1.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes to table:

 

Sampling, Assaying and Quality Control Measures

 

All core has been routinely logged by an experienced geologist.  Relevant core intervals were split in half by diamond saw, with half being sent for assay and the other half being retained in the core boxes for reference.  Sampling is carried out over one metre intervals.

 

Sample preparation and analyses were performed at ALS Chemex (Spain). Assays are reported using the fusion XRF method.  Reference samples (blanks, duplicates and certified standards) are routinely included in each sample batch as quality control measures.  In addition check assays are performed on selected mineralised samples.

 

*Intervals are also reported using an upper-cut (or top-cut) of 7% WO3 applied to all sample results above this grade, which includes exceptionally high values of 11% WO3 in two samples in hole BAR-60.

 

 

 

Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.

 

 

A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.

 

For more information please visit www.ormondemining.com.

 

 

Enquiries to:

 

Ormonde Mining plc

Kerr Anderson, Managing Director  Tel: +353 (0)46 9073623

 

Bankside Consultants

Simon Rothschild / Louise Mason  Tel: +44 (0)20 7367 8888   Mob: +44 (0)7703 167065

 

Davy (Nomad / ESM Adviser)

Fergal Meegan / Roland French  Tel: +353 (0)1 6796363

 

Fairfax I.S. PLC (Joint Broker)

Ewan Leggat / Katy Birkin  Tel: +44 (0)207 598 5368

 

 

ENDS

 

 

About Ormonde

Ormonde Mining Plc is quoted on the AIM in London & the ESM in Dublin. Ormonde is a mineral development and exploration company focused on Spain (Ticker ORM).

 

Ormonde's key activities include:

 

The Barruecopardo Tungsten Project - Ormonde is developing a low cost mining operation at Barruecopardo to initially produce ~8% of non-Chinese global mine production from late 2012; to become a major long-life mine.

 

The La Zarza Copper-Gold Project - Joint Venture with Antofagasta Minerals - a large "massive sulphide" deposit with significant copper, gold and zinc resources; exploration for an enlargement to the copper resource is being funded by Antofagasta.

 

Gold Explorationin several highly prospective areas of western Spain.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Ormonde Mining PLC

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CODE : ORM.L
ISIN : IE0006627891
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Ormonde Mining est une société d’exploration minière de zinc et de plomb basée en Irlande.

Ormonde Mining est en développement de projets de zinc, de plomb, d'argent, de cuivre, d'or et de tungsten en Espagne, et détient divers projets d'exploration en Espagne.

Ses principaux projets en développement sont LA ZARZA et BARRUECOPARDO en Espagne et son principal projet en exploration est SALAMANCA & ZAMORA en Espagne.

Ormonde Mining est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 375,6 millions GBX (449,4 millions US$, 393,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 10 septembre 2004 à 9,97 GBX, et son plus bas niveau récent le 13 mars 2020 à 0,42 GBX.

Ormonde Mining possède 472 507 482 actions en circulation.

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Projets de Ormonde Mining PLC
16/03/2011(Salamanca & Zamora)Salamanca-Zamora Gold Exploration Update
02/03/2011(Barruecopardo)Barruecopardo Drilling Progress
27/05/2010(Barruecopardo)Doubling and major upgrade of tungsten Mineral Resource
27/10/2009(La Zarza)JV with Antofagasta on La Zarza
19/02/2010(La Zarza)Update on activities in Joint Venture with Antofagasta on La...
13/07/2009(La Zarza)Exploration deal with Major on La Zarza
15/07/2008(Barruecopardo)Issue of equity to fund Barruecopardo Tungsten Project
17/06/2008(Barruecopardo)New resource estimate trebles the size of the Barruecopardo ...
01/04/2008(Barruecopardo) Best drilling intersection to-date from the Barruecopardo T...
26/02/2008(Barruecopardo)Further drilling success at Salamanca Tungsten ProjectConten...
24/01/2008(Barruecopardo) Tungsten Resource & Preliminary Economic Evaluation
06/12/2007 Tungsten Drilling ResultsContent-class: urn:content-classes...
08/11/2007(La Zarza) Reports Thick zinc intersections from La Zarza drilling
27/09/2007Tungsten Drilling Results
07/08/2007Reports high grade gold drilling intercepts at its Salamanca...
10/05/2007reports high-grade tungsten in Salamanca drilling
02/05/2006(Salamanca & Zamora)extends new Salamanca gold zone to 2,5 km
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16/09/2016Notification of Interest
28/06/2016Declaration of Urgent Occupation - Approved
28/06/2016Publication of Annual Report
17/06/2016Aurum Mining PLC - Convertible Loan and Trading Update
16/06/2016Final Results 2015
15/06/2016Barruecopardo Update
07/06/2016Barruecopardo Drilling Results
25/05/2016Drilling Update
15/04/2015Placing
24/03/2015Directorate Change
23/11/2014Barruecopardo - Granting of Mining Concession
10/04/2013Hemscott News Alert - Ormonde Mining PLC
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30/06/2010Issue of Equity
12/04/2010Signs Option Agreement over Tharsis Project, Spain
28/09/2009Interim Results
20/07/2009Issue of Equity
26/05/2009Preliminary Results 2008
22/09/2008Interim Results
12/06/2008AGM operational update
13/05/2008Final results for the year ending 31 December 2007
12/05/2008 Related tungsten news
09/05/2008Ormonde Mining Announcement
16/04/2008 Steve Nicol joins Ormonde BoardContent-class: urn:content-c...
13/11/2007Multi-vein nature of Spanish tungsten project
01/11/2007 Wide gold intersection in Salamanca
12/07/2007Consolidates 100% interest in La Zarza Copper-Gold Project
04/07/2007Upgrades Barruecopardo Tungsten Prospec
16/05/2007Final Results for the year ended 31 December 2006
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