Company Announcements

 

 

Trading Symbol

AIM: AYM

 

13 th March 2024

 

Anglesey Mining plc

(“Anglesey” or “the Company”)

 

Further drilling results confirm scale of Northern Copper Zone at

Parys Mountain

 

Anglesey Mining plc (AIM:AYM), is pleased to announce that the assay results have been received for the recently completed drill hole NCZ002. Drill hole NCZ002 was the second hole to be completed from the infill drilling program of the Northern Copper Zone (NCZ) and Garth Daniel Zone (GDZ) at the Company’s Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in North West Wales.

 

Consistent with historical drilling, assays confirm that NCZ002 intersected a significant zone of mineralisation across the NCZ with 114m @ 1.0% CuEq (including internal dilution). Within the broad mineralised envelope, there are numerous higher-grade zones. These demonstrate good continuity with previous drilling results and further support the integrity of the geological model and drill targeting.

 

Key intersections within the broad zone of mineralisation are detailed below:

 

Northern Copper Zone - Hole NCZ002

# 65.0m @ 0.9% Cu, 0.09% Zn, 0.1% Pb, 4.2g/t Ag and 0.17g/t Au (1.0% CuEq) from
  a depth of 426m, including:

    --  6.3m @ 2.6% Cu, 3.2g/t Ag and 0.86g/t Au (2.8% CuEq)from 426.0m
    --  34.1m @ 0.9% Cu, 4.6g/t Ag and 0.11g/t Au (1.0% CuEq) from 448.3m,
        including:

-        9.4m @ 1.9% Cu, 0.26% Pb, 0.22% Zn, 13.2g/t Ag and 0.22g/t Au (2.1% CuEq)

    --  1.0m @ 0.6% Cu, 3.1% Pb, 1.9% Zn, 47.9g/t Ag and 0.09g/t Au (2.0% CuEq /
        7.1% ZnEq)from 483.0m
    --  0.5m @ 2.2% Cu, 1.1% Pb, 0.3% Zn, 47.3g/t Ag and 0.14g/t Au (2.7% CuEq /
        7.5% ZnEq)from 484.5m
    --  4.4m @ 1.0% Cu, 0.16% Pb, 0.26% Zn, 4.4g/t Ag and 0.16g/t Au (1.1% CuEq
        / 3.1% ZnEq)from 486.6m

# 31.5m @ 1.4% Cu, 3.5g/t Ag and 0.44g/t Au (1.6% CuEq)from 508.5m, including:
      --  11.0m @ 3.0% Cu, 6.3g/t Ag and 1.20g/t Au (3.4% CuEq)from 515m

***CuEq grades are based on recovery factors and commodity prices as detailed after the tabulated reported assays of this release***

The Company is targeting a resource update on the NCZ, with the aim of converting a significant portion of the Inferred Resource into the higher confidence Indicated category. Based on the Joint Ore Reserve Committee (JORC) guidelines, only Indicated and Measured category Mineral Resources can be converted into Ore Reserves.  

 

Andrew King, Interim Chairman of Anglesey Mining, commented : “Once again, we are very excited to see the Parys Mountain project delivering some very strong drilling results. It is worth reminding investors that Parys Mountain is demonstrably the largest and most advanced copper project in the UK with substantial resource upside still evident. In addition, the project is favourably located on a previously permitted, brownfield development site with significant existing infrastructure already in place.“

“Both NCZ001 and NCZ002 have delivered some exceptional high-grade copper intersections, including 11m at 3.4% CuEq, 22m at 3.2% CuEq, 6.3m at 2.8% CuEq and 9.4m at 2.1% CuEq, within broad thicknesses of mineralisation up to 100m wide. The results continue to support our view that the Northern Copper Zone provides significant upside for the Parys Mountain project, over and above the 5 million tonne contribution included within the 2021 Preliminary Economic Assessment.

“The third drill hole, NCZ003, is currently at a depth of around 450 metres. The geological and drill targeting model anticipated the Northern Copper Zone to commence at a downhole depth of around 400 metres. Once again, the model has been validated by these latest results from NCZ002 and we look forward to providing a further update once drilling of NCZ003 is complete.”

Northern Copper Zone - Cross Section 4600mE

 

Section 4600mE below highlights the position of the recently completed drill hole NCZ002 and the up-dip position of NCZ003, which is currently being drilled.

 

 

 

The interpreted outline of the Northern Copper Zone in the cross-section does not imply an economic outcome, it simply highlights where sulphides have been identified within the Northern Shales. A significant number of the drill holes within this zone have returned consistent zones of higher-grade material, which is a key target of the current program. The recognition of a shear zone along the hanging wall of the Northern Copper Zone could imply a structural emplacement, or thickening of the sequence within the mine environment and will greatly assist with future targeting and drilling.

 

Importantly, every hole drilled into the interpreted position of the Northern Copper Zone has intersected broad zones of sulphides; and the current drilling is demonstrating the predictability of the mineralised zone from the detailed geological model that has been constructed and refined over several years.

 

The current drill hole, NCZ003, is targeting the up-dip area above historical hole H17A and could potentially provide additional information relating to the key lithology Rhyolite B, which included an intersection of 9.2m @ 2.7% CuEq in drill hole A15.

 

 

Northern Copper Zone - Cross Section 4800mE

 

Section 4800mE below highlights the position of drill hole NCZ001.

 

 

 

As per section 4600mE, this section also highlights the continuity of sulphide mineralisation across the Northern Copper Zone. With the completion of NCZ001, the Company has gained a greater understanding of the influence from Rhyolite B on the higher-grade zones of mineralisation.

 

Section 4800mE also highlights the potential related to the Central Zone with significant intersections from historical 1970’s drilling, including 3.8m @ 8,6% Cu and 6.7m @ 2.4% Cu. The Company believes potential exists for these intersections to link to the 22m @ 3.2 % CuEq (including 4.0m @ 5.2% Cu) in NCZ001.

 

Drill hole details:

 

 _______________________________________________________________
|       |Co-ordinates |Elevation|Azimuth|       |               |
|Hole ID|             |         |       |Dip (°)|End of Hole (m)|
|       |(E)(N)       |(m)      |(°)    |       |               |
|_______|_____________|_________|_______|_______|_______________|
|NCZ002 |243818|390943|72.0     |165    |-80    |575            |
|_______|______|______|_________|_______|_______|_______________|

 

Reported Assays (results >0.5 CuEq in bold):

 

 _____________________________________________________________________________
|Hole Number|From |To    |Sample Length|Assays                                |
|___________|_____|______|_____________|______________________________________|
|           |     |      |             |Cu  |Zn  |Pb  |        |        |CuEq |
|           |(m)  |(m)   |(m)          |    |    |    |Ag (g/t)|Au (g/t)|     |
|           |     |      |             |(%) |(%) |(%) |        |        |(%)* |
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |203.9|204.4 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |215  |215.5 |0.50         |0.02|0.01|0.00|0.5     |0.008   |0.03%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |235  |235.5 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |243.2|243.7 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |253.5|254   |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |256.3|256.8 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |260.2|260.7 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |261.7|262.2 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |267.9|268.4 |0.50         |0.01|0.01|0.01|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |273.4|273.9 |0.50         |0.00|0.01|0.00|0.5     |0.025   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |303.5|304   |0.50         |0.08|0.00|0.00|0.5     |0.007   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |348  |348.5 |0.50         |0.00|0.00|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |351.6|352.1 |0.50         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |368  |369   |1.00         |0.02|0.01|0.01|1.0     |0.33    |0.16%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |369  |370   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |370  |371   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |371  |372   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |372  |373   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |373  |374   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |374  |375   |1.00         |0.00|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |406  |406.5 |0.50         |0.00|0.00|0.00|0.5     |0.023   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |410  |410.5 |0.50         |0.12|0.01|0.01|0.5     |0.066   |0.14%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |413.5|414   |0.50         |2.11|0.01|0.01|1.5     |0.039   |1.99%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |415  |416   |1.00         |0.00|0.00|0.00|0.5     |0.01    |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |416  |417   |1.00         |0.00|0.00|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |417  |418   |1.00         |0.12|0.01|0.00|0.5     |0.006   |0.12%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |418  |419   |1.00         |0.36|0.01|0.00|0.7     |0.017   |0.35%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |419  |420   |1.00         |0.11|0.01|0.00|0.5     |0.008   |0.11%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |420  |421   |1.00         |0.05|0.01|0.00|0.5     |0.008   |0.06%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |421  |422   |1.00         |0.54|0.00|0.00|1.0     |0.071   |0.54%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |422  |423   |1.00         |0.20|0.01|0.01|1.8     |0.025   |0.21%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |423  |424   |1.00         |0.12|0.01|0.00|0.6     |0.01    |0.12%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |424  |425   |1.00         |0.14|0.01|0.00|0.5     |0.013   |0.14%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |425  |426   |1.00         |0.41|0.04|0.01|1.2     |0.022   |0.41%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |426  |427   |1.00         |0.59|0.26|0.06|3.8     |0.257   |0.76%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |427  |428   |1.00         |3.24|0.01|0.01|3.0     |0.272   |3.15%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |428  |429   |1.00         |1.26|0.02|0.01|1.6     |0.278   |1.30%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |429  |430   |1.00         |2.26|0.01|0.01|2.6     |1.215   |2.61%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |430  |431   |1.00         |2.70|0.00|0.01|2.9     |1.18    |3.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |431  |431.6 |0.60         |6.18|0.01|0.01|5.4     |1.15    |6.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |431.6|432.3 |0.70         |3.85|0.01|0.01|4.4     |2.19    |4.50%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |433.7|434.3 |0.60         |0.19|0.01|0.00|0.5     |0.023   |0.19%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |434.3|435   |0.70         |0.23|0.01|0.00|0.5     |0.041   |0.23%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |435  |436   |1.00         |0.20|0.01|0.01|0.6     |0.071   |0.22%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |436  |437   |1.00         |0.39|0.02|0.00|1.2     |0.082   |0.41%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |437  |438   |1.00         |0.65|0.01|0.00|1.3     |0.341   |0.75%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |438  |439   |1.00         |0.04|0.01|0.00|0.5     |0.021   |0.05%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |439  |440   |1.00         |0.16|0.01|0.00|0.5     |0.012   |0.16%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |440  |441   |1.00         |0.51|0.05|0.00|0.5     |0.053   |0.51%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |441  |442   |1.00         |0.64|0.01|0.00|0.7     |0.136   |0.66%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |442  |443   |1.00         |0.56|0.03|0.03|1.6     |0.299   |0.67%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |443  |444   |1.00         |0.33|0.01|0.01|0.5     |0.124   |0.36%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |444  |445   |1.00         |0.35|0.01|0.00|0.5     |0.035   |0.35%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |445  |446   |1.00         |0.24|0.01|0.00|1.2     |0.051   |0.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |446  |446.8 |0.80         |0.54|0.01|0.01|0.6     |0.023   |0.51%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |447.5|448.3 |0.80         |0.07|0.01|0.00|0.7     |0.019   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |448.3|449   |0.70         |0.03|0.01|0.00|0.5     |0.006   |0.04%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |449  |450   |1.00         |0.17|0.01|0.00|0.5     |0.028   |0.17%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |450  |451   |1.00         |0.07|0.01|0.00|0.5     |0.012   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |451  |452   |1.00         |0.07|0.01|0.00|0.5     |0.012   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |452  |453   |1.00         |0.39|0.01|0.00|0.5     |0.029   |0.38%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |453  |454   |1.00         |0.50|0.01|0.00|0.5     |0.014   |0.48%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |454  |455   |1.00         |0.46|0.05|0.03|2.6     |0.173   |0.53%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |455  |456   |1.00         |0.07|0.01|0.01|0.5     |0.017   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |456  |457   |1.00         |0.07|0.01|0.02|0.5     |0.015   |0.08%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |457  |458   |1.00         |0.78|0.04|0.03|2.4     |0.113   |0.80%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |458  |459   |1.00         |0.43|0.01|0.03|1.0     |0.041   |0.43%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |459  |460   |1.00         |4.24|0.01|0.01|3.5     |0.027   |3.98%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |460  |461   |1.00         |0.05|0.01|0.01|0.6     |0.045   |0.07%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |461  |462   |1.00         |0.49|0.01|0.03|2.3     |0.151   |0.54%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |462  |463   |1.00         |0.41|0.01|0.01|1.3     |0.11    |0.44%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |463  |464   |1.00         |0.10|0.01|0.01|0.6     |0.063   |0.13%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |464  |465   |1.00         |0.69|0.01|0.01|0.8     |0.037   |0.66%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |465  |466   |1.00         |1.43|0.01|0.02|2.6     |0.143   |1.41%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |466  |467   |1.00         |0.15|0.01|0.01|1.3     |0.043   |0.17%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |467  |468   |1.00         |0.22|0.01|0.01|1.1     |0.06    |0.24%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |468  |469   |1.00         |0.74|0.01|0.02|1.9     |0.135   |0.76%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |469  |470   |1.00         |0.48|0.01|0.03|2.8     |0.122   |0.52%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |470  |471   |1.00         |0.27|0.00|0.01|0.8     |0.071   |0.29%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |471  |472   |1.00         |0.13|0.01|0.01|0.5     |0.036   |0.14%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |472  |473   |1.00         |0.32|0.01|0.01|1.1     |0.057   |0.33%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |473  |474   |1.00         |2.82|0.72|1.26|25.8    |0.11    |3.27%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |474  |475   |1.00         |2.90|0.01|0.03|5.6     |0.312   |2.87%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |475  |476   |1.00         |3.29|0.10|0.08|11.2    |0.591   |3.41%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |476  |477   |1.00         |2.47|0.68|0.57|40.9    |0.248   |2.95%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |477  |478   |1.00         |2.70|0.06|0.25|19.9    |0.193   |2.78%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |478  |479   |1.00         |1.25|0.02|0.05|4.8     |0.153   |1.26%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |479  |480   |1.00         |0.73|0.13|0.07|4.8     |0.142   |0.81%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |480  |481   |1.00         |0.65|0.37|0.10|7.3     |0.081   |0.81%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |481  |482   |1.00         |0.76|0.01|0.02|3.2     |0.186   |0.81%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |482  |482.4 |0.40         |0.74|0.01|0.03|2.0     |0.046   |0.73%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |483  |483.95|0.95         |0.57|1.87|3.09|47.9    |0.093   |1.98%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |484.5|485   |0.50         |2.16|0.25|1.14|47.3    |0.137   |2.64%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |486.6|487   |0.40         |1.92|0.72|0.64|16.1    |0.128   |2.26%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |487  |488   |1.00         |0.65|0.68|0.32|3.9     |0.156   |0.95%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |488  |489   |1.00         |1.63|0.06|0.05|4.5     |0.091   |1.61%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |489  |490   |1.00         |0.43|0.02|0.03|2.4     |0.039   |0.44%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |490  |491   |1.00         |0.72|0.08|0.06|2.3     |0.362   |0.87%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |491  |492   |1.00         |0.20|0.01|0.01|1.4     |0.068   |0.23%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |492  |493   |1.00         |0.02|0.00|0.00|0.5     |0.005   |0.03%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |493  |494   |1.00         |0.05|0.25|0.13|0.9     |0.023   |0.16%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |494  |495   |1.00         |0.05|0.01|0.00|0.5     |0.007   |0.06%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |495  |496   |1.00         |0.03|0.00|0.00|0.5     |0.008   |0.04%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |496  |497   |1.00         |0.01|0.00|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |497  |498   |1.00         |0.01|0.01|0.00|0.5     |0.005   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |498  |499   |1.00         |0.02|0.00|0.00|0.5     |0.011   |0.03%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |499  |500   |1.00         |0.01|0.00|0.00|0.5     |0.007   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |500  |501   |1.00         |0.09|0.01|0.00|0.8     |0.013   |0.10%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |501  |502   |1.00         |0.11|0.21|0.36|1.3     |0.065   |0.26%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |502  |503   |1.00         |0.01|0.00|0.00|0.5     |0.009   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |508.5|509   |0.50         |1.23|0.01|0.01|11.4    |0.22    |1.31%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |509  |510   |1.00         |0.22|0.00|0.00|0.7     |0.037   |0.23%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |510  |511   |1.00         |0.61|0.00|0.01|1.1     |0.078   |0.61%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |511  |512   |1.00         |0.23|0.01|0.01|0.9     |0.025   |0.23%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |512  |513   |1.00         |0.32|0.01|0.03|2.1     |0.014   |0.33%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |513  |514   |1.00         |0.35|0.06|0.03|1.3     |0.027   |0.37%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |514  |515   |1.00         |0.83|0.04|0.03|1.6     |0.051   |0.82%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |515  |516   |1.00         |1.32|0.28|0.11|4.6     |0.825   |1.69%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |516  |517   |1.00         |1.97|0.02|0.01|4.4     |2.24    |2.78%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |517  |518   |1.00         |1.34|0.12|0.06|5.1     |0.554   |1.55%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |518  |519   |1.00         |4.06|0.83|0.61|11.0    |5.06    |6.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |519  |520   |1.00         |4.60|0.07|0.02|7.9     |2.21    |5.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |520  |521   |1.00         |1.53|0.01|0.00|3.1     |0.407   |1.61%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |521  |522   |1.00         |5.00|0.10|0.01|8.7     |1.17    |5.21%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |522  |523   |1.00         |6.57|0.02|0.02|11.0    |0.438   |6.37%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |523  |524   |1.00         |0.83|0.06|0.07|2.5     |0.071   |0.85%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |524  |525   |1.00         |4.13|0.04|0.01|7.8     |0.179   |3.97%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |525  |526   |1.00         |1.12|0.10|0.04|3.1     |0.049   |1.12%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |526  |527   |1.00         |0.03|0.01|0.00|0.5     |0.008   |0.04%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |527  |528   |1.00         |0.12|0.14|0.04|0.5     |0.006   |0.16%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |528  |529   |1.00         |0.06|0.06|0.07|0.6     |0.008   |0.09%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |529  |530   |1.00         |1.43|0.13|0.10|6.0     |0.042   |1.44%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |530  |531   |1.00         |0.21|0.01|0.00|0.7     |0.027   |0.21%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |531  |532   |1.00         |0.25|0.02|0.01|0.7     |0.021   |0.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |532  |533   |1.00         |0.18|0.01|0.00|1.0     |0.041   |0.20%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |533  |534   |1.00         |0.70|0.01|0.00|1.8     |0.042   |0.68%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |534  |535   |1.00         |0.56|0.01|0.00|1.4     |0.026   |0.54%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |535  |536   |1.00         |0.37|0.02|0.00|0.5     |0.011   |0.36%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |536  |537   |1.00         |1.01|0.05|0.08|4.0     |0.032   |1.00%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |537  |538   |1.00         |0.32|0.00|0.00|0.8     |0.022   |0.32%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |538  |539   |1.00         |2.35|0.02|0.01|5.5     |0.045   |2.25%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |539  |540   |1.00         |1.61|0.17|0.03|4.1     |0.033   |1.59%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |540  |541   |1.00         |0.15|0.04|0.00|0.5     |0.012   |0.16%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |541  |542   |1.00         |0.21|0.01|0.00|0.5     |0.007   |0.21%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |542  |543   |1.00         |0.16|0.01|0.00|0.6     |0.029   |0.17%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |543  |544   |1.00         |0.03|0.01|0.00|0.5     |0.006   |0.04%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |544  |545   |1.00         |0.04|0.02|0.00|0.5     |0.018   |0.06%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |545  |546   |1.00         |0.21|0.01|0.02|0.6     |0.018   |0.22%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |546  |547   |1.00         |0.34|0.06|0.04|1.1     |0.02    |0.36%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |547  |548   |1.00         |0.09|0.02|0.00|0.5     |0.012   |0.10%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |548  |549   |1.00         |0.19|0.01|0.00|0.7     |0.016   |0.19%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |549  |550   |1.00         |0.28|0.00|0.00|0.6     |0.014   |0.27%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |550  |551   |1.00         |0.13|0.01|0.00|0.7     |0.029   |0.14%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |551  |552   |1.00         |0.03|0.01|0.16|1.0     |0.011   |0.07%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |552  |553   |1.00         |0.01|0.01|0.00|0.5     |0.005   |0.01%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |553  |554   |1.00         |0.05|0.01|0.02|0.7     |0.005   |0.05%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |554  |555   |1.00         |0.02|0.05|0.03|0.5     |0.005   |0.04%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |555  |556   |1.00         |0.08|0.02|0.00|0.7     |0.041   |0.10%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |563.7|564.2 |0.50         |0.02|0.01|0.00|0.5     |0.008   |0.03%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |566  |566.5 |0.50         |0.02|0.01|0.00|0.5     |0.005   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |570.5|571   |0.50         |0.02|0.01|0.01|0.5     |0.005   |0.03%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |571  |571.5 |0.50         |0.07|0.05|0.02|0.5     |0.009   |0.09%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |571.5|572   |0.50         |0.14|0.61|0.10|1.1     |0.027   |0.34%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |572  |572.5 |0.50         |0.22|0.01|0.02|1.5     |0.032   |0.23%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|NCZ002     |572.5|573   |0.50         |0.02|0.00|0.00|0.5     |0.005   |0.02%|
|___________|_____|______|_____________|____|____|____|________|________|_____|
|Total      |     |      |149.15       |    |    |    |        |        |     |
|___________|_____|______|_____________|____|____|____|________|________|_____|

 

* 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))

 

Cu Equivalent calculated using following commodity prices: Zn – US$3350/t, Cu – US$9523/t, Pb – US$2292/t, Ag – US$25.50/oz and

Au – US$1850/oz

 

Cu Equivalent calculated using following recovery assumptions for Northern Copper Zone: Zn – 82%, Cu – 93%, Pb – 78%, Ag – 72% and   Au – 65%

 

Sample analysis and QA/QC

 

All samples generated from the drilling were dispatched to ALS Loughrea, Ireland.

 

Samples were assayed 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 OREAS Australia.

 

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., FIMMM 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 is traded on the AIM market of the London Stock Exchange and currently has 420,093,017 ordinary shares in issue.

 

Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.  

Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 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

Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700

Jo Battershill, Non-Executive Director – Tel: +44 (0)7540 366000

 

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363

 

WH Ireland

Joint Corporate Broker

Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666

 

Brand Communications

Public & Investor Relations

Alan Green – Tel: +44 (0) 7976 431608

 

 

LEI: 213800X8BO8EK2B4HQ71

 

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