Ormonde Mining PLC
13 July 2005
13 July 2005
Ormonde Mining plc
Salamon Drilling Intersects 25.3 g/t Gold Over 4.8 Metres
DUBLIN & LONDON: 13 July 2005 - Ormonde Mining plc ("Ormonde" or "the Company")
reports that the second hole in its current deeper drilling programme at the
Salamon Gold Deposit, north Spain, has returned a high-grade intersection of 4.8
metres grading 25.3 grams per tonne ("g/t") from 271 metres downhole depth.
This interval is interpreted to have a true width of 4.5 metres, and comprises
the following individual sample grades:
From (m) To (m) Interval (m) Gold Grade (g/t)
271.15 272.75 1.60 10.2
272.75 273.80 1.05 12.6
273.80 274.80 1.00 57.6
274.80 275.95 1.15 29.9
Managing Director of Ormonde, Kerr Anderson commented,
"We are excited about this new, consistently high-grade gold intersection in
what we believe to be the depth extension of the Salamon deposit. The hole was
targeted on the basis of results of our 2004 drilling, which intersected an
interval of 8.6 metres grading 4.6 g/t gold and thereby demonstrated the
potential for depth extensions to the resource at Salamon. These new results
confirm the basis of our drilling strategy and we are continuing the programme
to determine the geometry and continuity of this new zone."
Ongoing activities at Salamon will also include a short drilling campaign at the
Salamon West prospect, and trenching and other activities following up positive
soil geochemistry results at the Las Salas prospect, both of which may represent
satellites or extensions to the main Salamon deposit.
Enquiries to:
Kerr Anderson, Managing Director,
Ormonde Mining plc Tel: +353 (0)46 9073623
Fraser Gardiner, Investor and Media Relations,
Ormonde Mining plc Mobile: +353 (0)86 3931178
Simon Rothschild,
Bankside Consultants Tel: +44 (0)207 444 4153 Mobile: +44 (0)7703 167065
ENDS
BACKGROUND INFORMATION
Ormonde Mining is quoted on the AIM and IEX markets in London and Dublin,
respectively. The Company is focused on acquiring and developing gold projects
in Spain where it has a strong local Spanish management team, supported by a
Board with extensive exploration expertise in the region and mine development
experience.
For more information and contact details including email, please visit
www.ormondemining.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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