Ormonde Mining discovers gold mineralisation at Zamora gold project in Spain

17 June 2012 (Last Updated June 17th, 2012 18:30)

Ormonde Mining has defined a gold mineralised zone with a length of over 600m in the El Facho gold structure at the Zamora Gold Project in Western Spain.

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Ormonde Mining has defined a gold mineralised zone with a length of over 600m in the El Facho gold structure at the Zamora Gold Project in Western Spain.

Assay results were received after drilling was conducted on five holes (ORMP 16-20) from the current nine-hole programme of the project, which is in joint venture between Ormonde and Aurum Mining.

The mineralised zone has been defined over a strike length of some 600m, with the mineralisation remaining open both at depth and along strike.

Ormonde Mining managing director Kerr Anderson said the company wanted to confirm an extended gold mineralisation zone at the project since the start of its current drilling programme in November 2011.

"We are pleased that today's results from El Facho continue to confirm the gold-bearing structure, with drilling having now extended the mineralised zone to a length of at least 600 metres. The level of progress achieved to date has enabled us to model the main mineralised zone for the first time and will help guide future drilling on the project with the objective of expanding the gold-bearing zones further," said Anderson.

A preliminary resource estimation at El Facho suggests that the mineralised zone contains between 3.8 million tonnes and 4.8 million tonnes of mineralised material.

The company has also completed a three-hole drilling programme on the Peralonso Permit.

Aurum Mining has now allocated €500,000 towards exploration activities to earn its majority interest in the permits that are subject to the joint venture agreement.


Image: Drilling defined a gold mineralised zone over a strike length of 600m at the Zamora gold project located in Spain. Photo: Jurema Oliveira.