Ormonde Mining PLC
14 November 2005
14 November 2005
Ormonde Mining plc
Ormonde Updates on La Zarza Testwork Programme
DUBLIN & LONDON: 14 November 2005 - Ormonde Mining plc ("Ormonde" or "the
Company") reports on the progress of its metallurgical testwork programme on
samples from the La Zarza Gold-Copper Project in southern Spain.
• Initial results from testwork on the Copper Composite are very positive,
indicating that high recoveries in excess of 80 per cent copper can be
achieved, and further optimization steps are in progress.
• Testwork on the Gold Composite is well underway, and the Company will
provide a further report on results from both samples within the next three
weeks.
The testwork programme, being carried out by Wardell Armstrong International in
Cornwall, U.K., is investigating the most appropriate method to recover the
economic minerals from the gold and copper resources at La Zarza. Two composite
samples, the "Gold Composite" and the "Copper Composite", are being tested.
Kerr Anderson, Managing Director, said today,
"We are pleased at the high rate of recovery in these initial tests on the
Copper Composite. As we also expect to recover copper from the Gold Composite,
we wanted to determine optimum parameters from initial tests on the Copper
Composite before commencing work on the Gold Composite, rather than test both
composites at the same time. With these parameters now established, work is
well underway on the Gold Composite and although the programme is taking longer
to complete due to this modification, we look forward to reporting further
results within the next three weeks."
In the meantime, Phase 2 drilling on the project continues and should be
completed by the end of the year. This drilling is focused on the upper part of
the deposit where historical underground development to extract pyrite extends
into the gold-copper body.
Enquiries to:
Kerr Anderson, Managing Director,
Ormonde Mining plc Tel: +353 (0)46 9073623
Fraser Gardiner, Director,
Ormonde Mining plc Tel: +353 (0)86 3931178
Simon Rothschild,
Bankside Consultants Tel: +44 (0)20 7367 8871 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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