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Yes, GC. Please email me your name, address, phone number at email@example.com, also whether bringing a “+1” or even a +2. I keep people’s details safe, divulging only to our CEO so that the company knows who it’s inviting.
Further strong assay results from Parys Mountain drilling
Anglesey Mining plc (AIM:AYM), the UK minerals development company, continues to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in North West Wales and its Grängesberg iron ore project in Sweden.
Following the announcement released by the Company on 14th June regarding initial assay results, Anglesey is now pleased to announce that the second round of assay results have been received from an additional three holes of the recent infill drilling programme at Parys Mountain.
Parys Mountain Cu-Zn-Pb-Ag-Au Project
All three holes recorded multiple broad intercepts and continue to highlight that the White Rock deposit is an extensive mineralised system. Significant intersections include: 9.0m at 4.9% Zn, 3.1% Pb, 0.2% Cu, 24g/t Ag & 0.3g/t Au (WD-20 from 133.5m) including 6.0m at 6.3% Zn, 4.0% Pb, 0.2% Cu, 25g/t Ag & 0.3g/t Au 11.0m at 3.7% Zn, 2.3% Pb, 0.2% Cu, 27g/t Ag & 0.3g/t Au (WD-20 from 146.5m) including 4.0m at 5.6% Zn, 3.8% Pb, 0.3% Cu, 43g/t Ag & 0.3g/t Au 1.04m at 8.5% Zn, 5.3% Pb, 1.0% Cu, 27g/t Ag & 0.3g/t Au (WD-21 from 195m) 12.74m at 3.7% Zn, 1.9% Pb, 0.2% Cu, 22g/t Ag & 0.6g/t Au (WD-21 from 204.5m) 5.4m at 3.3% Zn, 1.8% Pb, 0.2% Cu, 53g/t Ag & 0.6g/t Au (WD-22 from 147.3m) 12.8m at 3.0% Zn, 1.3% Pb, 0.2% Cu, 51g/t Ag & 0.5g/t Au (WD-22 from 167.9m) including 4.2m at 5.6% Zn, 2.5% Pb, 0.4% Cu, 95g/t Ag & 0.8g/t Au The final two holes of the programme are being logged for additional data to assist with geotechnical domain modelling, which will be utilised in the underground mine design optimisation. Once logged, they will be sampled and dispatched for assaying. Over the next month, samples will be selected for the metallurgical testwork programme, which will include both Dense Media Separation and XRT ore sorting pre-concentration studies. Historical pre-concentration studies have demonstrated a 40% mass rejection of waste with only 3-5% metal losses. Jo Battershill, Chief Executive of Anglesey Mining, commented: “The intention of this programme was to increase the amount of resources in the Indicated category for the White Rock deposit, which stood at 4.7Mt, or 79%, prior to commencing the drilling. Given the results, we are very confident that a significant portion of the currently Inferred material will be upgraded to Indicated. The importance of this should not be discounted given Inferred resources are not permitted to be included in reserve estimates.”
“The next stage of this programme is to conduct pre-concentration studies on representative samples from areas that are likely to be mined. The ability to selectively remove the unmineralized material would have significant economic ramifications for the development studies.”
“In other areas, we continue to progress the ecological surveys required for the environmental baseline work an
I'd taken my eyes off my shares back then - checked back and realised I'd missed a massive peak! If the same were to happen now, I could retire happy :)
Like you said, holding levels of LIM stock are less now for AYM, but that doesn't mean that money can't be made given the investment in infrastructure ten years ago to allow the project to kick off. It was pricing that knocked us out of the game at that point and todays pricing would put us automatically in a better position, will be interesting to see what the $4million investment can achieve.
I did notice some chatter on social media from Jo regarding what is happening with capital investments and his opinion of this becoming a norm due to the recessive economy, this is interesting following the Scully partnership and is perhaps paving the way for similar to happen at the other AYM sites. As I have stated previously, I think all AYM sites have great potential, but the one that is the true money maker is in Sweden - it would blow the LIM share price rise in 2012 out of the water.
We now have 32 attendees who have provided contact details: Brentharg, Vib6er's friends Martyn & Paul, Roddersfield+1, Chaingnam+1, Fatbod10uk, Monparys+1, Malcolm+1, Ned137+1, Angl1, ArfonMassif, Mysterybanks+1, Jonesy78, Railwayman2+1, h11toe+1, Anglesey+1, Roger B+1, BigKeys+1, James F+2.
The recent date-change has caused the number of attendees to fall a little (by 4, in fact), however James F has joined our ranks.
We now have 30 attendees who have provided contact details: Brentharg, Vib6er's friends Martyn & Paul, Roddersfield+1, Chaingnam+1, Fatbod10uk, Monparys+1, Malcolm+1, Ned137+1, Angl1, ArfonMassif, Mysterybanks+1, Jonesy78, Railwayman2+1, h11toe+1, Anglesey+1, Roger B+1, BigKeys+1, James F.
Another 6 people (BoomVanDerBoob, Boulevard252+1, Crapgame71+2) said they hoped to come but have not so far provided contact details.
Ned137, please ignore my request for your current contact details. You had of course provided them. My mistake.
Ned, I still have your contact details from 2012. Please let me know if there's any change to them. Your being able to make the 10th is a silver lining on this date-change cloud. Just yourself or with a +1 or +2?
Vib6er, sorry you can't make it. Could you please provide contact details for your two guests?
TeslaTrooper, we'll let you know what we learn on the big day. Pity about the date clash; enjoy the family do.
Drat, I feared that the date change might make it impossible for some to attend. Jo has sent his sincere apologies (he has to travel on or around the original date) but the effect on the numbers is significant. Here’s hoping that others will not find the date-change an insurmountable obstacle.
Hi Brentharg, sorry can't make new date - still in Germany then - my plus 2 mates should still be attending if OK. Looking forward to hearing about the visit nonetheless, thanks for your efforts to date.