Trading Symbol
AIM: AYM
20th October 2022
Anglesey Mining
plc
(“Anglesey” or
“the Company”)
Final assay
results from Parys Mountain 2022 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 announcements on 14th June and
15th July 2022 regarding
assay results, Anglesey is now pleased to announce that the final
round of assay results have been received from the 2022 infill
drilling programme at Parys Mountain.
Parys Mountain Cu-Zn-Pb-Ag-Au
Project
- The final two holes of the programme recorded multiple broad
intercepts and continue to highlight that the White Rock and Engine Zones represent an
extensive mineralised system.
- Significant intersections include:
- Hole WD-24 from 239.4m -
1.5m at 1.4% Cu, 9.7% Zn, 6.2% Pb,
187g/t Ag & 2.7g/t Au (7.1% CuEq/19.9%
ZnEq)1
- Hole WD-24 from 262.94m -
28.96m at 3.3% Zn, 1.7% Pb, 0.5%
Cu, 71g/t Ag & 0.9g/t Au (2.3% CuEq/6.5%
ZnEq)1 including:
- 13m at 5.2% Zn, 2.6% Pb, 0.6%
Cu, 100g/t Ag & 1.6g/t Au (3.6% CuEq/10.1%
ZnEq)1
- 5.1m at 4.0% Zn, 2.3% Pb, 0.9%
Cu, 118g/t Ag & 0.4g/t Au (3.0% CuEq/8.4%
ZnEq)1
- Hole WD-23 from 93m -
143.92m at 0.9% Zn, 0.5% Pb, 0.2%
Cu, 9g/t Ag & 0.2g/t Au (0.6% CuEq/1.6%
ZnEq)1 including:
- 7.1m at 3.5% Zn, 2.7% Pb, 0.5%
Cu, 25g/t Ag & 0.2g/t Au (2.1% CuEq/5.9%
ZnEq)1
- With all assays now received, the Company will select samples
from the 10 drill holes for the metallurgical testwork programme.
This will provide a trade-off study between the Dense Media
Separation (DMS) and X-Ray Transmission (XRT) ore sorting
pre-concentration methods. Historical DMS studies from 2007
demonstrated a 40% mass rejection of waste with only 3-5% metal
losses. The metallurgical programme will also include testwork on
potential tailings to feed into the next round of tailings
management design work.
- Anglesey will immediately commence an update to the Mineral
Resource Estimate for the White
Rock and Engine Zones to incorporate the additional
information from the recent infill drill programme.
- In other ongoing workstreams at Parys Mountain:
- Conceptual tailings management studies have demonstrated that
the Parys Mountain site has sufficient capacity to hold all the
tailings that would be produced under the largest production
scenario of 3,000tpd, as detailed in the Preliminary Economic
Assessment published in January 2021.
The Company plans to embark on the initial tailings design
programme subsequent to receiving the metallurgical testwork on the
expected tailings product.
- The geotechnical work on the White
Rock deposit is ongoing. Our consultant, Knight Piésold, has
collected all the data to assess the rock mass characteristics and
complete basic ground model development. Once complete, this data
will feed into the mine design to maximise mining spans and assess
ground control requirements for underground mining.
- Permitting and planning activities have continued after further
consultations with the North Wales Minerals and Waste Planning
Service. The next steps for this process include the scoping of the
Environmental Impact & Social Assessment report. These
activities remain ongoing.
Jo Battershill, Chief
Executive of Anglesey Mining, commented: “With the final
encouraging assay results now received, we can move onto the next
round of workstreams for Parys Mountain. As previously highlighted,
core will be sent to Grinding Solutions to conduct
pre-concentration studies on representative samples from areas that
are likely to be mined. We believe that the ability to selectively
remove the unmineralized material would have a significant positive
economic impact for the ongoing development studies.”
“Additionally, the intention of the
recent drilling programme was to increase the 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 have now all been
received, we will look to update the Mineral Resource
Estimate.”
“In other areas, we continue to
progress the surveys required for the environmental baseline work
and we will soon commence the initial design work for the tailings
management facility. Both aspects are critical to progressing Parys
Mountain through the permitting phase. Meanwhile, work on advancing
the Northern Copper Zone is progressing well. As part of this
process, Anglesey’s team has reviewed the historical drilling and
resource model of the Northern Copper Zone with the aim of
identifying prospective areas that would optimise future drilling
programmes. We will focus on the zones that could have the most
immediate impact on the mine design and production schedule.
Historical drilling and internal reviews would suggest that the
Northern Copper Zone could be significantly larger than the current
resource estimate suggests, but additional drilling will be
required to confirm this potential.”
Drill hole details
| Hole ID |
Co-ordinates
(E)
(N) |
Elevation
(m) |
Azimuth
(°) |
Dip (°) |
End of Hole
(m) |
| AMC-26 |
43289 |
90287 |
115 |
248 |
-63 |
303 |
| WD-16 |
43154 |
90228 |
98 |
126 |
-65 |
179.6 |
| WD-17 |
43170 |
90198 |
103 |
126 |
-65 |
124 |
| WD-18 |
43154 |
90304 |
96 |
126 |
-65 |
218 |
| WD-19 |
43154 |
90304 |
96 |
123 |
-50 |
201 |
| WD-20 |
43167 |
90334 |
96 |
116 |
-52 |
206.5 |
| WD-21 |
43167 |
90334 |
96 |
126 |
-65 |
224.5 |
| WD-22 |
43209 |
90385 |
94 |
115 |
-55 |
191 |
| WD-23 |
43209 |
90383 |
94 |
140 |
-73 |
243 |
| WD-24 |
43172 |
90194 |
102 |
90 |
-88 |
331.5 |
Reported Assays
The following tables report the assay results from Holes WD-23
and WD-24. Assay results from other holes previously reported See
Anglesey RNS’s dated 14 June 2022 and
15 July 2022.
| Hole Number |
From |
To |
Sample Length |
Assays |
|
(m) |
(m) |
(m) |
Cu
(%) |
Zn
(%) |
Pb
(%) |
Ag
(g/t) |
Au
(g/t) |
ZnEq
(%)1 |
| WD-23 |
93 |
95 |
2.00 |
0.05 |
0.44 |
0.26 |
2.6 |
0.10 |
0.73% |
| WD-23 |
95 |
97 |
2.00 |
0.10 |
0.98 |
0.63 |
3.6 |
0.03 |
1.42% |
| WD-23 |
97 |
99 |
2.00 |
0.08 |
0.78 |
0.63 |
4.0 |
0.06 |
1.27% |
| WD-23 |
99 |
101 |
2.00 |
0.13 |
0.67 |
0.39 |
6.6 |
0.08 |
1.17% |
| WD-23 |
101 |
103 |
2.00 |
0.54 |
1.30 |
0.54 |
10.4 |
0.07 |
2.38% |
| WD-23 |
103 |
105 |
2.00 |
0.30 |
3.58 |
2.91 |
19.6 |
0.11 |
5.63% |
| WD-23 |
105 |
107 |
2.00 |
0.15 |
0.92 |
0.56 |
6.7 |
0.06 |
1.48% |
| WD-23 |
107 |
109 |
2.00 |
0.17 |
0.40 |
0.18 |
7.8 |
0.03 |
0.84% |
| WD-23 |
109 |
111 |
2.00 |
0.23 |
1.86 |
0.49 |
7.9 |
0.09 |
2.38% |
| WD-23 |
111 |
113 |
2.00 |
0.17 |
1.08 |
0.40 |
12.3 |
0.25 |
1.85% |
| WD-23 |
113 |
115 |
2.00 |
0.21 |
0.40 |
0.18 |
12.8 |
0.23 |
1.19% |
| WD-23 |
115 |
117 |
2.00 |
0.06 |
0.08 |
0.04 |
7.6 |
0.11 |
0.42% |
| WD-23 |
117 |
119 |
2.00 |
0.04 |
0.09 |
0.01 |
3.1 |
0.03 |
0.23% |
| WD-23 |
119 |
119.87 |
0.87 |
0.05 |
0.04 |
0.01 |
2.5 |
0.06 |
0.22% |
| WD-23 |
119.87 |
121.87 |
2.00 |
0.21 |
0.04 |
0.02 |
4.7 |
0.09 |
0.51% |
| WD-23 |
121.87 |
123.87 |
2.00 |
0.17 |
0.60 |
0.24 |
5.6 |
0.11 |
1.09% |
| WD-23 |
123.87 |
125.64 |
1.77 |
0.27 |
1.18 |
1.36 |
11.0 |
0.12 |
2.50% |
| WD-23 |
125.64 |
126.64 |
1.00 |
0.87 |
7.33 |
6.32 |
41.9 |
0.31 |
12.20% |
| WD-23 |
126.64 |
127.36 |
0.72 |
0.48 |
7.00 |
3.67 |
35.2 |
0.27 |
9.60% |
| WD-23 |
127.36 |
128.04 |
0.68 |
0.23 |
0.92 |
0.49 |
23.1 |
0.16 |
1.96% |
| WD-23 |
128.04 |
129 |
0.96 |
0.67 |
8.59 |
6.60 |
36.0 |
0.26 |
12.99% |
| WD-23 |
129 |
131 |
2.00 |
0.49 |
0.81 |
0.46 |
21.6 |
0.21 |
2.22% |
| WD-23 |
131 |
133 |
2.00 |
0.04 |
0.04 |
0.02 |
2.5 |
0.08 |
0.22% |
| WD-23 |
133 |
135 |
2.00 |
0.09 |
0.18 |
0.06 |
2.8 |
0.08 |
0.43% |
| WD-23 |
135 |
136 |
1.00 |
0.05 |
0.11 |
0.05 |
4.1 |
0.10 |
0.37% |
| WD-23 |
136 |
137 |
1.00 |
0.33 |
0.59 |
0.34 |
7.2 |
0.11 |
1.38% |
| WD-23 |
137 |
138 |
1.00 |
0.05 |
0.10 |
0.04 |
4.0 |
0.14 |
0.39% |
| WD-23 |
138 |
139 |
1.00 |
0.37 |
0.18 |
0.05 |
5.8 |
0.11 |
0.89% |
| WD-23 |
139 |
140 |
1.00 |
0.06 |
0.08 |
0.01 |
5.0 |
0.14 |
0.39% |
| WD-23 |
140 |
141 |
1.00 |
0.07 |
0.02 |
0.01 |
7.2 |
0.21 |
0.47% |
| WD-23 |
141 |
142 |
1.00 |
0.00 |
0.01 |
0.01 |
2.9 |
0.11 |
0.20% |
| WD-23 |
142 |
143 |
1.00 |
0.01 |
0.06 |
0.02 |
2.7 |
0.09 |
0.22% |
| WD-23 |
143 |
144 |
1.00 |
0.25 |
0.23 |
0.20 |
11.2 |
0.16 |
1.03% |
| WD-23 |
144 |
145 |
1.00 |
0.04 |
0.06 |
0.02 |
4.5 |
0.12 |
0.33% |
| WD-23 |
145 |
146 |
1.00 |
0.09 |
0.13 |
0.05 |
5.0 |
0.13 |
0.48% |
| WD-23 |
146 |
147 |
1.00 |
0.01 |
0.03 |
0.01 |
2.1 |
0.07 |
0.15% |
| WD-23 |
147 |
148 |
1.00 |
0.08 |
0.07 |
0.03 |
5.0 |
0.14 |
0.41% |
| WD-23 |
148 |
149 |
1.00 |
0.04 |
0.03 |
0.02 |
4.3 |
0.10 |
0.28% |
| WD-23 |
149 |
150 |
1.00 |
0.06 |
0.13 |
0.03 |
3.8 |
0.10 |
0.38% |
| WD-23 |
150 |
151 |
1.00 |
0.04 |
0.04 |
0.02 |
3.5 |
0.13 |
0.30% |
| WD-23 |
151 |
152 |
1.00 |
0.03 |
0.23 |
0.07 |
5.0 |
0.11 |
0.47% |
| WD-23 |
152 |
153 |
1.00 |
0.07 |
0.09 |
0.06 |
4.3 |
0.14 |
0.43% |
| WD-23 |
153 |
154 |
1.00 |
0.09 |
0.16 |
0.04 |
2.8 |
0.12 |
0.45% |
| WD-23 |
154 |
155 |
1.00 |
0.11 |
0.57 |
0.16 |
4.2 |
0.14 |
0.94% |
| WD-23 |
155 |
156 |
1.00 |
0.08 |
0.74 |
0.32 |
4.5 |
0.16 |
1.17% |
| WD-23 |
156 |
157.29 |
1.29 |
0.21 |
1.64 |
0.94 |
7.7 |
0.18 |
2.53% |
| WD-23 |
157.29 |
159.29 |
2.00 |
0.41 |
2.22 |
0.97 |
24.7 |
0.53 |
3.98% |
| WD-23 |
159.29 |
161.29 |
2.00 |
0.21 |
0.30 |
0.15 |
9.2 |
0.23 |
1.03% |
| WD-23 |
161.29 |
163.29 |
2.00 |
0.27 |
0.80 |
0.35 |
8.0 |
0.11 |
1.49% |
| WD-23 |
163.29 |
165.29 |
2.00 |
0.07 |
0.78 |
0.47 |
4.6 |
0.08 |
1.19% |
| WD-23 |
165.29 |
167.29 |
2.00 |
0.03 |
0.26 |
0.10 |
3.5 |
0.10 |
0.48% |
| WD-23 |
167.29 |
169.29 |
2.00 |
0.04 |
0.46 |
0.17 |
6.3 |
0.14 |
0.80% |
| WD-23 |
169.29 |
171.29 |
2.00 |
0.08 |
0.72 |
0.33 |
7.4 |
0.16 |
1.21% |
| WD-23 |
171.29 |
173.29 |
2.00 |
0.14 |
0.86 |
0.62 |
10.2 |
0.18 |
1.65% |
| WD-23 |
173.29 |
175.29 |
2.00 |
0.12 |
0.45 |
0.29 |
8.6 |
0.20 |
1.07% |
| WD-23 |
175.29 |
177.29 |
2.00 |
0.11 |
0.71 |
0.51 |
9.4 |
0.21 |
1.43% |
| WD-23 |
177.29 |
179.29 |
2.00 |
0.11 |
0.72 |
0.35 |
8.6 |
0.28 |
1.41% |
| WD-23 |
179.29 |
181.29 |
2.00 |
0.05 |
0.68 |
0.27 |
9.3 |
0.31 |
1.28% |
| WD-23 |
181.29 |
182.22 |
0.93 |
0.03 |
0.18 |
0.07 |
5.0 |
0.11 |
0.43% |
| WD-23 |
182.22 |
184.22 |
2.00 |
0.06 |
0.34 |
0.13 |
9.2 |
0.20 |
0.82% |
| WD-23 |
184.22 |
185.62 |
1.40 |
0.04 |
0.46 |
0.32 |
7.7 |
0.14 |
0.92% |
| WD-23 |
186.62 |
186.67 |
0.05 |
0.03 |
0.46 |
0.14 |
2.5 |
0.10 |
0.64% |
| WD-23 |
186.67 |
187.53 |
0.86 |
0.41 |
5.03 |
2.00 |
38.7 |
0.17 |
6.81% |
| WD-23 |
187.53 |
188.13 |
0.60 |
0.19 |
3.70 |
1.44 |
21.8 |
0.17 |
4.75% |
| WD-23 |
188.13 |
189.13 |
1.00 |
0.31 |
1.10 |
1.01 |
16.4 |
0.23 |
2.48% |
| WD-23 |
189.13 |
190.13 |
1.00 |
0.22 |
1.08 |
0.39 |
15.3 |
0.27 |
1.97% |
| WD-23 |
190.13 |
191.13 |
1.00 |
0.32 |
1.12 |
0.54 |
18.8 |
0.20 |
2.24% |
| WD-23 |
191.13 |
192.13 |
1.00 |
0.22 |
0.88 |
0.35 |
19.8 |
0.62 |
2.24% |
| WD-23 |
192.13 |
192.94 |
0.81 |
0.45 |
0.79 |
0.34 |
13.4 |
0.20 |
1.91% |
| WD-23 |
192.94 |
194.94 |
2.00 |
0.11 |
0.66 |
0.27 |
7.2 |
0.18 |
1.18% |
| WD-23 |
194.94 |
196.94 |
2.00 |
0.07 |
0.23 |
0.11 |
3.9 |
0.09 |
0.51% |
| WD-23 |
196.94 |
198.94 |
2.00 |
0.19 |
0.89 |
0.31 |
9.1 |
0.21 |
1.56% |
| WD-23 |
198.94 |
200.94 |
2.00 |
0.12 |
1.70 |
1.09 |
11.2 |
0.15 |
2.60% |
| WD-23 |
200.94 |
202.94 |
2.00 |
0.10 |
0.87 |
0.34 |
9.4 |
0.10 |
1.33% |
| WD-23 |
202.94 |
204.94 |
2.00 |
0.17 |
1.43 |
0.46 |
8.9 |
0.11 |
1.96% |
| WD-23 |
204.94 |
206.94 |
2.00 |
0.06 |
0.90 |
0.63 |
6.6 |
0.12 |
1.45% |
| WD-23 |
206.94 |
208.94 |
2.00 |
0.08 |
1.11 |
0.37 |
7.4 |
0.15 |
1.54% |
| WD-23 |
208.94 |
210.94 |
2.00 |
0.13 |
1.68 |
0.74 |
9.0 |
0.20 |
2.38% |
| WD-23 |
210.94 |
212.94 |
2.00 |
0.07 |
0.81 |
0.38 |
5.8 |
0.19 |
1.30% |
| WD-23 |
212.94 |
214.94 |
2.00 |
0.05 |
0.63 |
0.30 |
4.7 |
0.19 |
1.05% |
| WD-23 |
214.94 |
216.94 |
2.00 |
0.11 |
0.80 |
0.40 |
7.4 |
0.19 |
1.38% |
| WD-23 |
216.94 |
218.94 |
2.00 |
0.13 |
1.33 |
0.93 |
9.8 |
0.16 |
2.18% |
| WD-23 |
218.94 |
220.94 |
2.00 |
0.18 |
0.61 |
0.30 |
13.3 |
0.23 |
1.41% |
| WD-23 |
220.94 |
222.94 |
2.00 |
0.07 |
0.53 |
0.20 |
6.8 |
0.21 |
0.99% |
| WD-23 |
222.94 |
224.94 |
2.00 |
0.15 |
0.91 |
0.40 |
11.9 |
0.26 |
1.68% |
| WD-23 |
224.94 |
226.94 |
2.00 |
0.16 |
1.52 |
0.70 |
12.9 |
0.24 |
2.38% |
| WD-23 |
226.94 |
228.94 |
2.00 |
0.10 |
1.02 |
0.54 |
11.9 |
0.45 |
1.99% |
| WD-23 |
228.94 |
230.94 |
2.00 |
0.08 |
0.98 |
0.47 |
11.7 |
0.38 |
1.81% |
| WD-23 |
230.94 |
232.94 |
2.00 |
0.07 |
0.65 |
0.35 |
9.7 |
0.21 |
1.23% |
| WD-23 |
232.94 |
234.94 |
2.00 |
0.13 |
0.73 |
0.34 |
17.1 |
0.70 |
2.01% |
| WD-23 |
234.94 |
236.92 |
1.98 |
0.13 |
1.89 |
0.86 |
17.0 |
0.30 |
2.88% |
|
Total |
|
|
142.92m |
|
|
|
|
|
|
| WD-24 |
188.79 |
189.13 |
0.34 |
0.39 |
14.20 |
7.38 |
64.7 |
16.20 |
34.51% |
| WD-24 |
208.39 |
210.31 |
1.92 |
0.19 |
1.19 |
0.63 |
64.8 |
0.51 |
3.34% |
| WD-24 |
238.5 |
239.42 |
0.92 |
0.64 |
5.01 |
3.59 |
77.9 |
3.19 |
11.90% |
| WD-24 |
239.42 |
239.98 |
0.56 |
2.69 |
17.50 |
10.40 |
365 |
1.94 |
33.14% |
| WD-24 |
262.94 |
264.11 |
1.17 |
0.35 |
1.53 |
1.03 |
24.8 |
0.40 |
3.22% |
| WD-24 |
264.11 |
265.11 |
1.00 |
0.37 |
1.96 |
1.25 |
27.9 |
0.45 |
3.86% |
| WD-24 |
265.11 |
266.11 |
1.00 |
0.22 |
1.52 |
0.68 |
24.8 |
0.38 |
2.80% |
| WD-24 |
266.11 |
266.74 |
0.63 |
0.40 |
3.04 |
1.59 |
56.4 |
0.63 |
5.70% |
| WD-24 |
266.74 |
267.91 |
1.17 |
1.45 |
14.90 |
7.80 |
248 |
5.28 |
28.98% |
| WD-24 |
267.91 |
268.91 |
1.00 |
0.84 |
7.13 |
3.47 |
290 |
3.92 |
18.47% |
| WD-24 |
268.91 |
269.91 |
1.00 |
2.38 |
18.60 |
8.25 |
219 |
3.87 |
31.57% |
| WD-24 |
269.91 |
270.91 |
1.00 |
0.38 |
3.35 |
1.74 |
158 |
1.07 |
8.34% |
| WD-24 |
270.91 |
271.91 |
1.00 |
0.47 |
5.28 |
3.11 |
69.9 |
2.19 |
10.42% |
| WD-24 |
271.91 |
272.91 |
1.00 |
0.10 |
1.27 |
0.52 |
15.5 |
0.23 |
2.02% |
| WD-24 |
272.91 |
273.91 |
1.00 |
0.24 |
2.90 |
1.36 |
34.5 |
0.35 |
4.54% |
| WD-24 |
273.91 |
274.91 |
1.00 |
0.06 |
1.00 |
0.61 |
11.5 |
0.24 |
1.74% |
| WD-24 |
274.91 |
275.91 |
1.00 |
0.31 |
3.06 |
1.71 |
85.4 |
0.57 |
6.13% |
| WD-24 |
275.91 |
276.91 |
1.00 |
0.06 |
0.38 |
0.21 |
20.5 |
0.28 |
1.18% |
| WD-24 |
276.91 |
277.91 |
1.00 |
0.04 |
0.31 |
0.12 |
13.8 |
0.21 |
0.84% |
| WD-24 |
277.91 |
278.91 |
1.00 |
0.06 |
0.42 |
0.20 |
22.4 |
0.26 |
1.23% |
| WD-24 |
278.91 |
279.91 |
1.00 |
0.13 |
0.82 |
0.36 |
22.9 |
0.46 |
1.96% |
| WD-24 |
279.91 |
280.34 |
0.43 |
1.39 |
10.00 |
4.37 |
138 |
3.23 |
18.62% |
| WD-24 |
280.34 |
282.34 |
2.00 |
0.03 |
0.15 |
0.06 |
6.8 |
0.10 |
0.43% |
| WD-24 |
282.34 |
284.34 |
2.00 |
0.01 |
0.02 |
0.02 |
5 |
0.04 |
0.16% |
| WD-24 |
284.34 |
286.81 |
2.47 |
0.01 |
0.03 |
0.04 |
6.3 |
0.03 |
0.20% |
| WD-24 |
286.81 |
287.81 |
1.00 |
0.84 |
4.11 |
2.25 |
123 |
0.11 |
8.28% |
| WD-24 |
287.81 |
288.81 |
1.00 |
1.40 |
4.64 |
3.50 |
152 |
0.17 |
10.83% |
| WD-24 |
288.81 |
289.81 |
1.00 |
0.52 |
2.85 |
1.74 |
87.9 |
0.11 |
5.85% |
| WD-24 |
289.81 |
290.42 |
0.61 |
2.19 |
9.79 |
4.49 |
261 |
0.36 |
18.94% |
| WD-24 |
290.42 |
291.9 |
1.48 |
0.21 |
1.76 |
0.89 |
51.7 |
1.11 |
4.35% |
| WD-24 |
294.6 |
296.6 |
2.00 |
0.44 |
0.09 |
0.08 |
6.4 |
1.11 |
1.96% |
| WD-24 |
296.6 |
298.6 |
2.00 |
0.01 |
0.01 |
0.01 |
0.5 |
0.01 |
0.05% |
| WD-24 |
298.6 |
300.6 |
2.00 |
0.00 |
0.01 |
0.01 |
0.5 |
0.01 |
0.03% |
| WD-24 |
300.6 |
302.6 |
2.00 |
0.01 |
0.03 |
0.01 |
0.5 |
0.01 |
0.06% |
| WD-24 |
302.6 |
304.5 |
1.90 |
0.01 |
0.02 |
0.01 |
0.7 |
0.01 |
0.06% |
| WD-24 |
311.81 |
313.81 |
2.00 |
0.04 |
0.11 |
0.07 |
2.5 |
0.03 |
0.27% |
| WD-24 |
313.81 |
315.81 |
2.00 |
0.01 |
0.16 |
0.08 |
1.6 |
0.03 |
0.26% |
| WD-24 |
315.81 |
316.12 |
0.31 |
0.00 |
0.01 |
0.15 |
1.3 |
0.01 |
0.13% |
| WD-24 |
317.11 |
319.11 |
2.00 |
0.02 |
0.10 |
0.04 |
2.9 |
0.07 |
0.25% |
| WD-24 |
319.11 |
321.23 |
2.12 |
0.26 |
1.10 |
0.57 |
2.2 |
0.05 |
1.71% |
| WD-24 |
321.23 |
323.23 |
2.00 |
0.15 |
0.62 |
0.36 |
1.7 |
0.02 |
0.99% |
| WD-24 |
323.23 |
325.23 |
2.00 |
0.27 |
0.91 |
0.50 |
2.1 |
0.12 |
1.58% |
|
Total |
|
|
55.03m |
|
|
|
|
|
|
1 Zinc Equivalent (ZnEq %) = Zn
grade % * Zn Recovery + (Cu grade % * Cu Recovery * (Cu price $/t /
Zn price $/t)) + (Pb grade % * Pb Recovery * (Pb price $/t / Zn
price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $/oz
/ Zn price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price
$/oz / Zn price $/t))
Zn equivalent calculated using
following commodity prices: Zn – US$1.25/lb, Cu – US$3.50/lb, Pb – US$1.00/lb, Ag – US$22.50/oz & Au – US$1750/oz
Zn Equivalent calculated using
following recovery assumptions for White
Rock deposit: Zn – 82%, Cu – 48%, Pb – 78%, Ag – 70% &
Au -50%
Sample analysis and QA/QC
All samples generated from the drilling were dispatched to ALS
Loughrea.
Samples were analysed for multi-element data analysis using
their ME-ICP61 package, which includes Ag, Cu, Pb and Zn. The
samples were also assayed for gold using their Au-AA23 analysis
package. Overlimit assays were then analysed using their Ag-OG62,
Cu-OG62, Pb-OG62, Zn-OG62 and ME-OG62 analysis packages.
For QA/QC purposes, Anglesey Mining used the industry standard
of inserting 5% Certified Reference Material (CRM) samples, 2.5%
Certified Blank Samples (Blanks) and 5% duplicate samples at
source. The CRMs were sourced from Geostats Pty Ltd, Ore Research
& Exploration Pty Ltd, OREAS and Natural Resources Canada.
Competent Person
The information in this announcement which relates to Drilling
Results has been approved by Mrs. Liz de
Klerk, M.Sc., Pr.Sci.Nat., MIMMM who is a professional
registered with the South African Council for Natural Scientific
Professionals (SACNASP: 400090/08) and independent consultant to
the Company. Mrs. de Klerk is the Senior Geologist & Managing
Director of Micon International Co Limited and has over 20
continuous years of exploration and mining experience in a variety
of mineral deposit styles. Mrs. de Klerk has sufficient experience
which is relevant to the style of exploration, mineralisation and
type of deposit under consideration and to the activity which she
is undertaking to qualify as a Competent Person as defined in the
2012 Edition of the "Australasian Code for reporting of Exploration
Results, Exploration Targets, Mineral Resources and Ore Reserves"
(JORC Code). Mrs. de Klerk consents to inclusion in the
announcement of the matters based on this information in the form
and context in which it appears.
About Anglesey Mining plc
Anglesey Mining is traded on the AIM market of the London Stock
Exchange and currently has 280,675,721 ordinary shares on
issue.
Anglesey is developing its 100% owned Parys Mountain
Cu-Zn-Pb-Ag-Au deposit in North
Wales, UK with a 2020 reported resource of 5.2 million
tonnes at 4.3% combined base metals in the Indicated category and
11.7 million tonnes at 2.8% combined base metals in the Inferred
category.
Anglesey holds an almost 20% interest in the Grangesberg Iron
project in Sweden, together with
management rights and a right of first refusal to increase its
interest to 70%. Anglesey also holds 12% of Labrador Iron
Mines Holdings Limited, which through its 52% owned subsidiaries,
is engaged in the exploration and development of direct shipping
iron ore deposits in Labrador and
Quebec.
For further information, please
contact:
Anglesey Mining plc
Jo Battershill, Chief Executive –
Tel: +44 (0)7540 366000
John Kearney, Chairman – Tel: +1
416 362 6686
Davy
Nominated Adviser & Joint
Corporate Broker
Brian Garrahy / Lauren O’Sullivan
– Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666
Canaccord Genuity Limited
Joint Corporate Broker
James Asensio / Harry Rees – Tel: +44 (0) 20 7523 8000
Scout Advisory Limited
Investor Relations Consultant
Sean Wade – Tel: +44 (0) 7464
609025
LEI: 213800X8BO8EK2B4HQ71