Business
Drilling commences at Parys Mountain
Drilling commences at Parys Mountain.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n \n Trading Symbol\n LSE: AYM\n 26 November 2021\n Anglesey Mining plc\n (“Anglesey” or “the Company”)\n Drilling commences at Parys Mountain\n Anglesey Mining plc (LSE:AYM), the UK minerals exploration and development company, is pleased to provide the following update on its Parys Mountain Copper-Lead-Zinc project on the Isle of Anglesey.\n \n Highlights\n \n \n A nine-hole diamond drill programme of 2,750 metres has now commenced. It is anticipated that this programme will take around 3-months to complete.\n The programme has been designed to gather additional information that will feed into a Feasibility Study, which is expected to commence in 2022. Key information to be collected from this current drilling includes: \n\nInfill drilling of the White Rock Zone to convert the remaining Inferred resource category material to the Indicated category. Currently, around 78% of the White Rock resource is in the Indicated category.,Provide geotechnical information to enable domain modelling for the mine design; and,Allow for additional metallurgical testwork from both the Engine Zone and White Rock Zone \n The Company has also recently expanded its workforce with a Site Manager for the Parys Mountain project and a Geologist commencing employment.\n Environmental consultants have now been engaged and recently commenced their evaluation of historical baseline studies that will feed into a subsequent gap analysis to determine future permitting requirements.\n Additionally, initial discussions have been had with metallurgical consultants regarding testwork to be conducted in 2022, which is targeting improved recoveries on both the lead and gold streams.\n \n \n Jo Battershill, Chief Executive of Anglesey Mining, commented: “We were very pleased to see the Irish Drilling rig arrive on site yesterday and now look forward to seeing core coming out of the White Rock and Engine Zone deposits over the next three months. We would expect to have results coming back from the assay labs during the March quarter next year.\n It is also very encouraging to have commenced the next stage of the environmental permitting process for Parys Mountain given the potential lead times involved with these activities.\n Without doubt, the next year is shaping up to be a busy period for Anglesey Mining with activities at Parys Mountain moving up a gear an...