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LUNDIN MINING: LUNDIN MINING DRILLS 45.8 METRES OF 1.23% NI AND 0.95% CU AT THE AGUABLANCA MINE

November 19, 2007 (TSX: LUN; OMX: LUMI; NYSE: LMC) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the following drilling results from the Aguablanca mine.
 

Resource Expansion and Underground Mining Potential Confirmed
Underground drilling at the Company's 100% owned Aguablanca mine in southern Spain continues to extend the strike length of the high grade Deep Body sulphide mineralization, confirming the potential for a significant increase in the mine's resource base and for the expansion of the current open pit production with underground reserves. The Deep Body has been extended by 75 metres (from section 7375E to section 7450E) since the latest announcement (June 5, 2007; Rio Narcea Gold Mines press release) and remains open down dip and to the east.

Intersections from recently-completed step-out holes include:
� 17.95 m at 1.04% Ni and 0.72% Cu in hole AGU-1098;
� 7.85 m at 1.21% Ni and 0.65% Cu in hole AGU-1095 and
� 7.00 m at 1.76% Ni and 0.72% Cu in hole AGU-1083.

In addition to the step-out drilling, several infill holes have also been completed on the Deep Body. This infill program has encountered some of the best intersections ever drilled in the Aguablanca deposit, such as:
� 57.3 metres at 0.91% Ni and 0.84% Cu in hole 1078 and;
� 45.8 metres at 1.23% Ni and 0.95% Cu in hole 1087.

Selected drill intersections since the last press release are presented below (using a 0.5% Ni cut off):


(for table see attached file)



A complete summary table showing all the 2007 drilling results together with sections and level maps will be available on the Company's website at www.lundinmining.com.

The Deep Body is an east-west trending, steeply dipping zone of sulphide mineralization that is interpreted to be the down-plunge extension of the Main Orebody, which is currently being mined by open-pit methods. It represents a continuous zone of mineralization that includes semi-massive and massive sulphide mineralized intervals enclosed in an envelope of strongly disseminated sulphide mineralization. Average true thickness is estimated to be around 20 metres.

Three drill rigs are currently conducting infill and step-out drilling in the eastern part of the Deep Body where the limits of the mineralization have not yet been defined. Infill drilling is typically done on a 25x25 metre drill pattern and step-out holes are greater than 50 metres from known mineralization.

The company has to date in 2007 completed 14,725 metres of drilling in 50 drill holes most of them focused on the delineation and resource definition of the Deep Body.

A 2,478 line km VTEM airborne survey was carried out in October, covering six separate project areas and including a total of 635 line km in the vicinity of the Aguablanca mine. Preliminary results indicate the presence of several discrete conductors which will be drill tested in 2008.

Neil O'Brien, Senior Vice President of Exploration and Business Development commented "These results only confirm to me why we acquired Aguablanca - great assets always have room to grow. Our exploration team in Spain is second to none in the nickel business. I look forward to the next round of results."

Drill core was logged, split and sampled by Company personnel at its facilities at the Aguablanca mine. Mineralized intervals are analyzed for Ni, Cu and Co at the Aguablanca laboratory using conventional atomic absorption methods. Subsequently, to comply with a duplicate check assaying program, all mineralized intervals with Ni values above or close to 0,5% are sent to the Omac laboratories to analyze by ICPORE a total of 19 elements including Ni, Cu and Co. Gold, platinum and palladium are also analyzed at Omac by Lead Fire Assay (30gm) with ICP finish. Luis Pevida, EurGeol, Chief Geologist Nickel, is the acting Qualified Person as according to NI43-101 regulations.


About Lundin Mining
Lundin Mining is a rapidly growing mining and exploration company engaged internationally in the extraction, development, acquisition and discovery of base metal deposits. The company currently owns five operating mines, extracting copper, zinc, lead, nickel and silver: Neves-Corvo in Portugal, the Zinkgruvan and Storliden mines in Sweden, the Galmoy mine in Ireland and the recently acquired Aguablanca mine in Spain. A further mine, the Aljustrel mine in Portugal, is under development and will be brought into production in the fourth quarter 2007. In addition, Lundin Mining holds an extensive exploration portfolio, including interests in international ventures and development projects such as the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo, which is currently under construction and the Ozernoe zinc project under detailed feasibility study in Russia.


(for map see attached file)

 
 

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TORONTO (LUN.TO)FRANKFURT (GXD.F)
4,50+2.97%3,30+10.73%
TORONTO
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24hGold TrendPower© : 4
Produit Cobalt - Copper - Gold - Lead - Nickel - Silver - Zinc
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Recherche Copper - Gold - Lead - Silver - Zinc
 
 
 
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