Business
Tungsten Drilling Results
Tungsten Drilling Results.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n Ormonde Mining PLC\n27 September 2007\n\n27 September 2007\n\n Ormonde Mining plc\n\n Ormonde Drill Intersections Extend High Grade Tungsten Zone\n\nDUBLIN & LONDON: 27 September 2007 - Ormonde Mining plc (\"Ormonde\" or \"the\nCompany\") announces further drill intersections at its Barruecopardo Tungsten\nProject in Salamanca, Spain.\n\nHIGHLIGHTS\n\n• The main high-grade tungsten zone has been extended to the north\nfor a further 150 metres, giving a total tested strike length of 750 metres\n\n• The zone has also been shown to extend to a depth of over 175\nmetres below ground surface\n\n• The zone is still open to the north and at depth, and to the\nsouth below the main open-pit, therefore showing increasing resource potential\n\n• Drilling continues to be successful with new intersections\nincluding 2 metres grading 0.9% WO3, 1 metre grading 1.4% WO3 and 4 metres\ngrading 0.6% WO3.\n\n\nKerr Anderson, Managing Director, said today,\n\n\"We are very pleased with the latest results which further extend the strike and\ndepth of the high-grade tungsten zone, and support the Directors' growing\nconfidence that it should be possible to establish a high margin, low capital\ncost, underground mine on the deposit. Drilling is continuing with the twin\nobjectives of defining an initial mineable tungsten resource as soon as possible\nand establishing the potential overall size of the deposit.\"\n\nDrilling to-date at Barruecopardo has confirmed a steeply dipping zone of\ntungsten mineralisation at least 750 metres long and over 175 metres deep. An\nopen-pit to the south of the drilled area indicates that the mineralisation\ncontinues southward for 700-800 metres, to give a total potential strike length\nof 1,550 metres.\n\nA preliminary analysis of the deposit indicates that, provided the tungsten\ngrade and continuity continues with depth, it should be possible to establish a\nhigh margin, low capital cost, underground mine on the deposit. Processing\nwould be by conventional gravity concentration.\n\nA project profile containing graphics relating to the Project and a full list of\ndrilling results to-date can be downloaded from the Company website at\nwww.ormondemining.com/doc/pdf/profbar0709.pdf.\n\nDrilling Results\n\nOrmonde's ongoing drilling programme is being carried out to establish\ncontinuity of the high tungs...