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Drilling Report
Drilling Report.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n RNS Number : 4402L Ormonde Mining PLC 12 January 2009 \n12th January 2009\n\nOrmonde Mining plc\n\nDrilling Results Facilitate Doubling of Proposed Production Rate at Barruecopardo \n\nDUBLIN & LONDON: 12 January 2009 - Ormonde Mining plc (\"Ormonde\" or \"the Company\") is pleased to report excellent results from the last seven holes of its current infill drilling programme at its Barruecopardo Tungsten Project in Salamanca, Spain (\"the Project\"). These results indicate that the deposit could sustain a much higher production rate than initially proposed for the Project and have led to the decision to adopt a 400,000 tonnes per year (\"tpy\") production rate (previously 200,000 tpy) for the completion of technical studies on the Project. These higher throughput levels should lead to greater returns on a future mining investment.\n\n\n\nThe drilling results have continued to exceed expectations and include hole BAR-54 returning a true thickness (tt) intersection of 27.5 metres at 1.2% WO3 and hole BAR-55 returning 11.8 metres at 0.9% WO3.\n\n\n\n\nThe drilling has established continuous bands of tungsten mineralisation in the Filon Principal Zone (FP), as depicted in the accompanying plan and sections (www.ormondemining.com/doc/press/pr090112.pdf). The FP Zone mineralisation is open to the north, partially open to the south and open at depth along its full one kilometre length.\n\n\n\n\n\nAn analysis of all of the drilling on the FP Zone indicates that the Project has the capacity to produce at much higher production rates than initially proposed. A production rate of 400,000 tpy has now been adopted for the ongoing technical studies (previously 200,000 tpy). There may be scope for further increases in production rate post start-up.\n\n\n\n\n\nThe increased mining rates provided by the latest drilling results have led Ormonde to a...