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Ormonde Mining PLC

Publié le 13 février 2012

Hemscott News Alert - Ormonde Mining PLC

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Mots clés associés :   Copper | Ormonde  mining |
RNS Number : 2582X
Ormonde Mining PLC
13 February 2012
 

 

13 February 2012

Ormonde Mining plc

("Ormonde" or "the Company")

 

Update on Spanish Operations

 

The Board of Ormonde is pleased to provide an update on progress on its various projects in Spain.

 

 

BARRUECOPARDO TUNGSTEN PROJECT

 

The Definitive Feasibility Study ("DFS") for the Barruecopardo tungsten project is now substantially complete with all the constituent components having been received from the relevant consultants.  These inputs are being reviewed and collated into the final DFS document.  The DFS will be completed and its results announced by late February, allowing the Company to advance its on-going discussions with the various parties interested in funding the project.

 

 

LA ZARZA COPPER PROJECT

 

The 3,000 metre drilling programme, fully funded by our Joint Venture partner Antofagasta Minerals SA, commenced in January on specific drill targets identified following modelling and interpretation of the gravity and airborne VTEM (electromagnetic) geophysical survey results received in Q4 2011.  Several targets will be tested by drilling, with a priority on those where the geology is interpreted to be similar to that for the existing La Zarza deposit.

 

 

SALAMANCA & ZAMORA GOLD PROJECTS

 

Drilling is on-going on the El Facho gold structure, where our Joint Venture with Aurum Mining Plc is focused on testing and expanding this structure.  This follows very encouraging initial drilling results reported in Q4 2011 showing gold of mineable grades and widths in both of the first holes drilled by the Joint Venture on the structure.  Core samples from the first holes in the current drilling programme have been forwarded for assay.

 

 

Kerr Anderson, Ormonde's Managing Director, said:

"Having now received all the components of the DFS for the Barruecopardo tungsten project, final collation is underway and I look forward to reporting the results by late February.  This will be a key milestone in the Company's plans to become a major European producer of tungsten concentrates. With aggressive drilling programmes underway on our copper and gold assets, I also anticipate being in a position to report developments on these fronts over the coming months."

 

 

 

 

 

 

 

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 or follow Ormonde on Twitter https://twitter.com/ormondemining or Linkedin http://www.linkedin.com/company/ormonde-mining-plc

 

 

Enquiries to:

 

Ormonde Mining plc

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

 

Bankside Consultants

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

 

Murray Consultants

Ed Micheau  Tel: +353 (0)1 4980300  Mob: +353 (0)86 803 7155

 

Davy (Nomad / ESM Adviser)

Eugen?e Mulhern / 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 admitted to trading on the AIM market in London and the ESM market 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 produce ~12% of non-Chinese annual global mine production from mid 2013.

 

The La Zarza Copper Project - a large "massive sulphide" deposit with significant copper resources; exploration for an enlargement to the current copper resource is being funded through a joint venture with Antofagasta Minerals.

 

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

EN DÉVELOPPEMENT
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 267,0 millions GBX (319,4 millions US$, 279,8 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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28/06/2016Declaration of Urgent Occupation - Approved
28/06/2016Publication of Annual Report
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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
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30/06/2010Issue of Equity
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28/09/2009Interim Results
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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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