Business
Barruecopardo Drilling Update
Barruecopardo Drilling Update.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n \nRNS Number : 0537M Ormonde Mining PLC 10 August 2011 \n\n10 August 2011\nOrmonde Mining plc\n(\"Ormonde\" or \"the Company\")\n \nBarruecopardo Drilling Progress\n \nThe Board of Ormonde is pleased to report further results from its infill drilling programme at its flagship Tungsten project at Barruecopardo, Western Spain.\n \n \nMain Points\n \n· Results from the four latest holes show tungsten mineralisation of good width and grade including: \nBAR-65 11 metres grading 0.24% WO3\nBAR-66 9 metres grading 0.64% WO3\nBAR-68 9 metres grading 1.37% WO3\nBAR-69 14 metres grading 0.45% WO3\n \n· An updated resource estimate will be completed upon receipt of the assays from the remaining seven drill holes from the infill drillhole programme.\n \n \nKerr Anderson, Ormonde's Managing Director, said:\n \n\"The latest assay results from the infill drilling campaign confirm good tungsten grades and widths in all four drill holes reported. A revised resource estimate will be carried out upon receipt of assays from the final seven holes in the infill drilling programme. \nThe tungsten price has continued to trade in the US$450-460/mtu range in recent months and we are encouraged by this recent price stability following a period of significant price increases\".\n \n \nNew Drilling Results\n \n\n\n\n\nHole\n\n\nFrom (m)\n\n\nWidth (m)\n\n\nTrue Width (m)\n\n\nWO3%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBAR-65\n\n\n169\n\n\n11.0\n\n\n7.4\n\n\n0.24\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBAR-66\n\n\n192\n\n\n9.0\n\n\n6.5\n\n\n0.64\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBAR-68\n\n\n149\n\n\n3\n\n\n2.0\n\n\n0.46\n\n\n\n\nand\n\n\n181\n\n\n9\n\n\n6.5\n\n\n1.37\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBAR-69\n\n\n147\n\n\n20\n\n\n13.2\n\n\n0.34\n\n\n\n\nincluding\n\n\n147\n\n\n14\n\n\n9.2\n\n\n0.45\n\n\n\n\n \n \n \n \n \n \nNotes to table:\n \nSampling, Assaying and Quality Control Measures\n \nAll core has been routinely logged by an experienced geologist. Relevant core intervals were split in half by diamond saw, with half being sent for assay and...