Completion of farmout

RNS Number : 8074R

Aurum Mining PLC

31 October 2013

 



AURUM MINING PLC

("Aurum" or "the Company")

Completion of farmout

Pursuant to its announcement on 22 October 2013, Aurum Mining plc (AIM: AUR) is pleased to announce that the deal to farmout a majority stake in the Morille tungsten project to Plymouth Minerals Limited ("Plymouth") (ASX: PLH) has now been completed.

Contacts:
Aurum Mining plc	www.aurummining.net
Chris Eadie, Chief Executive Officer	[phone]
WH Ireland Limited
Nominated Adviser & Broker	www.wh-ireland.co.uk
Mike Coe	[phone]

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 60% interest in the Pino de Oro project in Zamora Province and a 54% interest in the Peralonso and Cabeza projects in Salamanca Province. 

Tungsten

Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating the production from the site of high quality tungsten concentrates from mineralisation grading up to 1% WO3. 

 

END

 

 

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