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Drilling Report - Assessment of 2005 Parys Mou...
Drilling Report - Assessment of 2005 Parys Mou....
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n 22 March 2006 LSE: AYM\n\n2005 Drilling Programme - Assessment of Results\n\nNew \"Garth Daniel\" Resource Area Identified\n\nAnglesey Mining plc is pleased to report the assessment of previously announced results of its drilling programme\ncarried out throughout the second half of 2005. A total of 1875 metres were drilled in three deep holes in an area of\nthe Parys Mountain property about 700 metres north-east of the existing Morris Shaft and along the northern margin of\nthe Parys Mountain volcanic complex. This area has been named \"Garth Daniel\" after an old nearby shallow shaft to\ndistinguish it from the bulk of the company's resources in the Morris Shaft area.\n\n\nHighlights\n\n(1) Three new drill holes intersect mineralisation at three separate stratigraphic horizons: the Engine Zone, North\nCentral Zone and Carreg y Doll;\n\n(2) Significant zones of high grade massive sulphide mineralisation found in holes AMC-15 (2.5 metres of 40% zinc +\ncopper + lead) and AMC-17 (5.5 metres of 22% zinc + copper + lead);\n\n(3) Mineralisation in the Engine Zone in the new Garth Daniel area has not previously been included in the estimated\n6.5 m tonne resource at Parys Mountain;\n\n(4) The Garth Daniel, with a potential strike length of 1.5km, could add significantly to the resource base of the\nproperty;\n\nFurther drilling planned in this new area to expand the resource base.\n\n\nThe 2005 Drill Programme\n\nThree drill holes, AMC15, AMC16 and AMC17, were drilled in this area which was targeted based on interpretation of\ngeological and lithogeochemical work since 1996, including reinterpretation of two earlier holes, H30 and A15, drilled\nin 1968 and 1975 respectively, that revealed the area's prospective nature. The relative location of all these holes is\nshown in the accompanying plan.\n\nThe five holes are located along strike and at the western end of the northern margin of the Parys Mountain volcanic\ncomplex. Hole AMC15 is located about 400 metres to the east of Hole AMC17 and together these five holes demonstrate that\nthis mineralized area is at least 400 metres long west to east, with the other dimensions yet to be determined.\nGeologically the northern margin of the volcanic complex is known to continue over a length of 1.5 km, all of which the\ncompany believes has significant exploration potential.\n\nAll three h...