Business
Parys Mountain Progress Report
Parys Mountain Progress Report.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n Trading SymbolAIM: AYM 19th June 2023 Anglesey Mining plc(“Anglesey” or “the Company”) Parys Mountain Progress Report Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased to provide an update on progress at the Company’s Parys Mountain Cu-Zn-Pb-Ag-Au project located on the Isle of Anglesey. Highlights\tThe Company has commenced the design, planning and logistics for the first round of infill drilling into the Northern Copper Zone (“NCZ”) since 1974. The proposal is based on 6 drillholes (3,700m) to infill portions of the current resource and to provide verification of the historical drilling. The drilling will also be testing for extensions of the nearby, high-grade Garth Daniel and Central Zones. \tThe NCZ has a 2012 resource estimate of 9.4Mt at 1.27% Cu, plus minor Au, Ag, Zn and Pb credits (1.6% CuEq) – although very few holes were assayed for all the metals. The internal resource estimate from the early 1970’s was >30Mt at 0.81% Cu, which excluded any by-products. \tThe 6 proposed holes could potentially provide up to 14 pierce points across the NCZ, the Garth Daniel Zone and the Central Zone, based on current interpretations. The Company expects the rig to be mobilised to site sometime in August with the programme potentially taking up to 25 weeks.\tThe Company has also been informed by our retained mineral processing consultancy firm, Grinding Solutions Limited (“GSL”), that the metallurgical testwork will commence in late June and will take approximately 10 weeks to complete. This testwork has been designed to determine which pre-concentration method is the most optimal process to go into the plant design (Dense Media Separation or XRT ore-sorting). \tThe Company dispatched a 340kg sample to GSL comprising a blend of White Rock and Engine Zone with a combined head-grade of 0.42% Cu, 3.60% Zn, 3.08% Pb, 49g/t Ag and 0.7g/t Au (3.4% CuEq). The blend as delivered is 3.3 (White Rock) to 1.0 (Engine Zone), similar to the contribution that is expected to be delivered from the mine in the early years, prior to the Northern Copper Zone commencing.\tSubsequent to the previously announced Pre-Application Consultation in April 2023, the Company has now received the responses from the statutory consultees. These responses will be reviewed and inclu...