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Ormonde encouraged by Spanish gold dig

Monday, February 04 10:22:29

Irish metals prospector, Ormonde Mining, this morning reported what it said was encouraging results from a dig close to its existing Peralonso and Cabeza de Caballo permits in the Salamanca Province of western Spain.

The prospecting in the adjacent application areas was undertaken as it had proven to be a highly successful method in identifying the gold prospects at Peralonso and Cabeza. Results received from float samples (loose blocks) collected along the inferred strike extensions of gold-bearing structures identified to-date have returned good gold values, and new targets have also been identified, it said.

"Prospecting has proven very successful for us in the past leading to the discovery of the Cabeza and Peralonso Prospects. Our widening of the prospecting coverage around the gold prospects identified to date suggests that extensions to the known mineralisation and further separate gold structures may be present in the broader area. This is very encouraging," Kerr Anderson, Ormonde's Managing Director, said.