Wednesday, January 23 15:44:19
Irish miner, Ormonde, today said it is encouraged by the latest round of testing for gold deposits on its Peralonso Permit in the Salamanca Province of western Spain.
A total of eight holes were drilled to test for near-surface extensions to the gold mineralisation identified in the first drilling (three holes) on the permit carried out in 2012. Results have now been received for six of these eight new holes, and indicate extensions at shallow depths of mineralised structures encountered in the original drilling.
"The results from this recent drilling programme build on the success of last year's campaign, with further gold mineralisation of good grade and widths being identified. We await the results of the final holes to enable an initial interpretation of the two drilling programmes completed to-date at Peralonso," said Kerr Anderson, Ormonde's Managing Director.
One drill found 1.87 grams per tonne (g/t) of gold (from 75m depth) and 9.2 metres grading 2.09 g/t gold (from 99.8m depth) while another found 18 metres grading 0.70g/t gold (from 40m depth).