Anglesey Mining Plc - Northern Copper Zone Drilling Update - Broad Zone of Sulphides Intersected in Hole NCZ002
Trading Symbol
AIM: AYM
20
th
(“Anglesey” or “the Company”)
Northern Copper Zone Drilling Update -
in Hole NCZ002
The 2023/2024 exploration drilling campaign has been designed to verify the reliability of historical drill holes and infill gaps in the drilling that will be used to update the Parys Mountain Mineral Resource Estimate.
Drill hole NCZ002 was recently completed with a 107m (apparent thickness) zone of visible sulphides identified between 413m – 520m downhole. The hole was designed as an infill hole between two pierce points from the previous drilling programme undertaken at the site in the 1970s that intersected broad zones of mineralisation - 91m grading 0.9% copper equivalent ( ‘CuEq’ ) and 75m grading 0.8% CuEq - both of which reported higher grade zones including 43m grading 1.2% CuEq and 26m grading 1.3% CuEq.
Samples from NCZ002 were dispatched to the ALS laboratory in
Key takeaways from the drilling results so far include:
-
Further verification of the existing
-
Significant high-grade widths of polymetallic mineralisation identified along the contact with the
- Intersect of 22m grading 3.2% CuEq 1 recently reported from NCZ001 represents a significant potential upside to the current resource estimate.
“The positive verification and infill drilling of the
“We look forward to reporting back with the assay results from NCZ002 and the drilling results of NCZ003 in due course, along with further detail on the potential upside to the current
1 Copper Equivalent (CuEq %) = Cu grade % * Cu Recovery + (Zn grade % * Zn Recovery * (Zn price $/t /Cu price $/t)) + (Pb grade % * Pb Recovery * (Pb price $/t /Cu price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $/oz /Cu price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price $/oz /Cu price $/t))
Commodity prices: Zn –
Recovery assumptions for
Competent Person:
The information in this announcement which relates to Drilling Results has been approved by Mrs.
About
Anglesey is traded on the AIM market of the
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in
Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in
For further information, please contact:
Davy
Nominated Adviser & Joint Corporate Broker
WH Ireland
Joint Corporate Broker
Public & Investor Relations
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