Business
Drilling Report
Drilling Report.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n .\n27 June 2006 LSE: AYM\n\n\nDrilling Update\n\nAnglesey Mining plc is pleased to report on developments in drilling at both the\nParys Mountain property in Anglesey, Wales and the Labrador Iron Mines\nproperties in Canada.\n\nParys Mountain\n\nAs previously announced drilling recommenced in the Garth Daniel area in May\n2006. Hole AMC19 was collared some 100 metres to the north-west of hole AMC17\nand was targeted at the western extension of the Garth Daniel area. The hole is\nnow at a depth of 500 metres with up to a further 100 metres of drilling\nexpected before the Engine zone and the basement shales are encountered. A\nnumber of mineralised intersections in the Carreg-y-doll and North Central zones\nhave been made and these have been sent for assay. Results are expected within\nthe next ten days.\n\nThe next hole in the Garth Daniel area, AMC20, will be collared some 125 metres\nto the east of AMC15 to test the eastern extension of the area and this will be\ndrilled once AMC19 is complete. Following the completion of these holes, the\nstrike length drilled in the Garth Daniel area will extend to over 500 metres.\n\n\nThe White Rock zone is situated close to the Morris Shaft, 700 metres from the\nGarth Daniel area, and is part of the current published resource. Part of this\nzone has been identified previously as lying close to surface and amenable to\nearly underground mining through the planned decline system. A second rig has\nbeen brought to site to carry out close spaced drilling in the White Rock zone.\nThe results from this programme will be used to enhance the resource estimate\nand to assist in mine planning. A total of approximately 600 metres is planned\nin six holes in an initial programme. The first hole, WD1 is now at 60 metres\nand mineralisation has been encountered. Each hole will be logged and assayed on\ncompletion.\n\n\nLabrador\n\nA major drilling programme will commence on the Labrador Iron Mines properties\nin Canada at the beginning of July. Initial drilling will be on the deposits in\nthe immediate area of the town of Schefferville (James, Knob, Houston and\nRedmond) with the objective of validating the earlier drilling undertaken by the\nIron Ore Company of Canada. The drill will then move with helicopter support to\nthe Astray deposit located some 80 kilometres south-east of Schefferville. It ...