ORM.L Regulatory News (ORM)

13 Jul 2005 07:30

Ormonde Mining PLC13 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 theSalamon Gold Deposit, north Spain, has returned a high-grade intersection of 4.8metres 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 comprisesthe 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 inwhat we believe to be the depth extension of the Salamon deposit. The hole wastargeted on the basis of results of our 2004 drilling, which intersected aninterval of 8.6 metres grading 4.6 g/t gold and thereby demonstrated thepotential for depth extensions to the resource at Salamon. These new resultsconfirm the basis of our drilling strategy and we are continuing the programmeto determine the geometry and continuity of this new zone." Ongoing activities at Salamon will also include a short drilling campaign at theSalamon West prospect, and trenching and other activities following up positivesoil geochemistry results at the Las Salas prospect, both of which may representsatellites 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 projectsin Spain where it has a strong local Spanish management team, supported by aBoard with extensive exploration expertise in the region and mine developmentexperience. For more information and contact details including email, please visitwww.ormondemining.com. This information is provided by RNS The company news service from the London Stock Exchange