More gold....26 Jan 2006 09:26
ORM - some positive news.....
DUBLIN & LONDON: 26 January 2006 - Ormonde Mining plc ('Ormonde' or 'the
Company') reports positive exploration results obtained from the Salamanca Gold
Project in western Spain, where it is earning a 90 per cent interest. The
results confirm Salamanca as a highly prospective, multi-target gold play.
Ormonde plans to advance the project through further exploration including
drilling.
HIGHLIGHTS
• Results from a soil sampling survey highlight a large and coherent zone of
gold anomalism, measuring 1.5 kilometres in length and up to 200 metres
wide, possibly representing a new bulk tonnage target in the area.
• Rock samples taken across the survey area from both newly recognised zones
and known tungsten-gold occurrences, have returned a number of high-grade
gold results including 51.4, 36.6 and 27.3 grams per tonne gold ('g/t Au').
• Prospecting work has highlighted several additional areas of interest,
with one in particular returning sample grades including 56.2, 51.5, 29.9,
23.1 and 21.3 g/t Au over a wide area, suggesting that gold mineralization
may be significantly more extensive than indicated by work of previous
operators.