ORM Ormonde Mining Plc

RNS Number:3442W
Ormonde Mining PLC
10 May 2007

10 May 2007



                               Ormonde Mining plc



           Ormonde Reports High-Grade Tungsten in Salamanca Drilling



DUBLIN & LONDON: 10 May 2007 - Ormonde Mining plc ("Ormonde" or "the Company")
reports positive tungsten results from initial holes in its follow-up drilling
programme on the northern extension of the historically-mined Barruecopardo vein
system, located in the Salamanca Province in western Spain (previously referred
to as "hard-rock" tungsten target).





Main Points



  * Results from the first two follow-up holes have returned high-grade
    tungsten intervals of 2.0 metres grading 2.1% and 2.0 metres grading 1.5%
    WO3 (tungsten trioxide) respectively from the main vein structure



  * These holes were drilled 50 metres to the south and north respectively of
    a previous Ormonde hole which returned 3.0 metres grading 1.1%WO3 within a
    zone of 7.7 metres grading 0.5%WO3



  * Further holes have been drilled along the main vein structure over a
    strike length of 500 metres and results will be reported when available





Kerr Anderson, Managing Director, said today,



"The follow-up drilling programme is designed to establish whether there is
sufficient continuity in the high-grade tungsten mineralization in the main vein
system to delineate a tungsten resource.  Whilst recognising that results of
further holes are clearly required, these initial results are very encouraging".





Drilling Results



The follow-up drilling programme has been carried out to establish continuity of
the high tungsten grades intersected in the first drilling programme on the
northern extension of the Barruecopardo vein system as reported in January.
Eight core drill holes (BAR-9 to BAR-16) have been completed on 50 metre spaced
sections to test the steeply-dipping main vein structure over 500 metres of
strike length.  Assay results for the first two holes, BAR-9 and 10 are
presented below.  These holes were drilled 50 metres to the south and north
respectively of hole BAR-3, also included in the table.




Hole                                 From (m)              To (m)                         Length (m)              WO3 %

BAR-9                                   119.0               124.0                                5.0                0.9
including                               119.0               121.0                                2.0                2.1

BAR-10                                  125.0               127.0                                2.0                1.5

BAR-3                                   101.5               109.2                                7.7                0.5
including                               101.9               104.9                                3.0                1.1





In interpreting these results the following should be noted:



*         Much of Western production comes from small, narrow vein underground
deposits.  For comparison, ore reserve grades at two of the main Western
producing mines, Cantung (Canada) and Panasquiera (Portugal) are 1.17% and 0.23%
WO3, respectively.



*         The Barruecopardo tungsten mineralization contains coarse grained
tungsten minerals which will yield a strong nugget effect and necessitates
closely spaced drilling and application of an upper cut for resource definition.



*         Current prices for tungsten concentrates are in the region of US$170
per metric tonne unit (or US$17,000 per tonne of tungsten trioxide, WO3), with a
grade of 1% WO3 having an in-the-ground value of approximately US$170 per tonne
of mineralized rock.  Prices have been reported as high as US$220 during the
past 12 months.





Kerr Anderson PhD EurGeol PGeo, Managing Director of Ormonde Mining plc, and a
qualified person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange, has reviewed and approved
the technical information contained in this announcement.



A glossary explaining technical terms contained in this announcement can be
found at www.ormondemining.com/glossary.htm.





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   Mob: +44 (0)7703 167065





Additional Information



Ormonde Mining plc is quoted on the AIM in London and the IEX in Dublin.  The
Company's objective is to enhance shareholder value by developing mining
projects in Spain and taking them into production.  A Bankable Feasibility Study
is currently underway at the La Zarza Copper-Gold Project, tungsten
opportunities are being evaluated in the Salamanca area and several gold
exploration targets are being tested in northwest Spain.



For more information on the Company and its projects please visit
www.ormondemining.com or download the latest Investor Information Sheet from
www.ormondemining.com/pdf/ORMinfo.pdf.





About Tungsten



Tungsten is most frequently used as tungsten monocarbide, which has a hardness
close to diamond, in cemented carbides.  The most well-known use of tungsten is
in lighting filaments, and other important applications include improving steel
properties and use in tungsten alloys, electronics, and chemical products.



Prices of tungsten concentrates are expected to remain buoyant for the long
term, and are currently quoted by the Metal Bulletin in the range $160-$180 per
metric tonne unit.  A metric tonne unit is equal to 10kg of WO3, which equates
to 1.0% contained WO3 in the rock.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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