Final Barruecopardo Drilling Results

RNS Number : 8134R

Ormonde Mining PLC

10 November 2011

 

10 November 2011

Ormonde Mining plc

("Ormonde" or "the Company")

Final Barruecopardo Drilling Results

The Board of Ormonde is pleased to report results from the final holes in its infill drilling programme at its flagship Tungsten project at Barruecopardo, Western Spain.

Main Points

·     Results from the final seven holes continue to show tungsten mineralisation of good width and grade including:

BAR-67     20 metres grading 0.34% WO₃ (including 9 metres grading 0.61% WO₃)

BAR-72     8 metres grading 0.45% WO₃

BAR-73     25 metres grading 0.50% WO₃

BAR-75     7 metres grading 1.28% WO₃ and 21 metres grading 0.57% WO₃

·     Quality assurance is being completed on all data and results from the twenty-one hole infill drilling programme are being incorporated into a final resource estimate which is now being prepared by CSA Global ("CSA").

Kerr Anderson, Ormonde's Managing Director, said:

"The assay results from the final holes in the infill drilling campaign continue to confirm good commercial tungsten grades and widths. The overall drilling campaign has demonstrated the consistency and quality of mineralisation at Barruecopardo. A final Mineral Resource Estimate, which includes these latest seven holes, is now being prepared by CSA as part of the feasibility study and I look forward to reporting shortly on the new resource estimate."

New Drilling Results

Hole	From (m)	Width (m)	True Width (m)	WO3%
BAR-67	144	20.0	14.0	0.34
including	147	9.0	6.9	0.61
BAR-70	229	6.0	4.7	0.25
BAR-71	211	5.0	3.9	0.33
and	244	1.0	0.8	1.88
BAR-72	72	8.0	6.4	0.45
and	95	11.0	8.8	0.18
and	141	8.0	6.4	0.25
BAR-73	172	25.0	21.0	0.50
BAR-74	281	4.0	3.1	0.37
BAR-75	153	7.0	5.3	1.28
and	168	21.0	15.8	0.57
including	173	8.0	6.0	1.03
and	205	4.0	3.0	0.53
and	217	1.0	0.8	1.01

Notes to table:

Sampling, Assaying and Quality Control Measures

All drill 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 the other half being retained in the core boxes for reference.  Sampling is carried out over one metre intervals.

Sample preparation and analyses were performed at ALS Chemex (Spain).  Assays are performed using the fusion XRF method.  Tungsten assays are reported by ALS Chemex as W and converted to WO₃ using a factor of 1.26108.  Reference samples (blanks, duplicates and certified standards) are routinely included in each sample batch as quality control measures.  In addition check assays are performed on selected mineralised samples. 

Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.

A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.

Enquiries to:

Ormonde Mining plc

Kerr Anderson, Managing Director  Tel: [phone]

Bankside Consultants

Simon Rothschild  Tel: [phone]   Mob: [phone]

Murray Consultants

Ed Micheau  Tel: [phone]  Mob: [phone]

Davy (Nomad / ESM Adviser)

Eugenée Mulhern / Roland French  Tel: [phone]

Fairfax I.S. PLC (Joint Broker)

Ewan Leggat / Katy Birkin  Tel: [phone]

ENDS

About Ormonde

Ormonde Mining Plc is quoted on the AIM in London & the ESM in Dublin. Ormonde is a mineral development and exploration company focused on Spain (Ticker ORM).

Ormonde's key activities include:

The Barruecopardo Tungsten Project - Ormonde is developing a low cost mining operation at Barruecopardo to produce ~12% of non-Chinese annual global mine production from mid 2013.

The La Zarza Copper Project- a large "massive sulphide" deposit with significant copper, resources; exploration for an enlargement to the current copper resources is being funded through a joint venture Antofagasta Minerals.

Gold Explorationin several highly prospective areas of western Spain.

For more information please visit www.ormondemining.com or follow Ormonde on:

Twitter https://twitter.com/ormondemining or

Linkedin http://www.linkedin.com/company/ormonde-mining-plc.

 

END

 

 

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