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Anglesey Mining #AYM – Northern Copper Zone and Garth Daniel Zone, update
At Anglesey Mining plc’s Parys Mountain property, mineralization within the Northern Copper Zone (NCZ) has been traced by historical mining and diamond drilling over a strike length of 1.2 kilometres. The declared inferred resource for the NCZ is 9.38Mt containing 1.27%Cu, 0.38% Zn, 0.24%Pb, 5g/y Ag and 0.1g/t Au. The declared inferred resource of the Garth Daniel Zone (GDZ) is 0.34Mt containing 1.89%Cu, 5.78%Zn, 2.76%Pb, 66g/t Ag and 0.1g/t Au.
All three holes in the 2023-2024 drilling program (NCZ001, NCZ002 and NCZ003) intersected both broad zones of mineralisation and multiple higher-grade zones. The sections below show that the drilling demonstrated good continuity and further supports the integrity of the geological model and drill targeting, with indications of greater mineralised volumes overall.
Anglesey Mining has recently received litho-geochemical results for each of the three holes, from Activation Laboratories in Canada. Interpretation of the results has allowed the stratigraphic positions of the main ore horizons to be further defined, improving the geological unit correlations across the property. Work is on-going; however it is already apparent that the latest holes intersected the same package of rocks and styles of alteration and mineralization as interpreted from previous drilling campaigns, which were subject to the same litho-geochemical analysis.
Detailed understanding of the lithology in each of the recently completed holes will mean a new structural geological model can be constructed and data supporting the model will additionally leverage off all the previously completed exploration drilling that has taken place into both the NCZ and the GDZ. Such a model would be more detailed than the one that presently exists and could provide valuable insights into the controls and distribution of the various mineralized zones. It is expected that, once completed, the model will be able to be extrapolated on a wider scale and used in subsequent mine planning.
Rob Marsden, CEO of Anglesey Mining, commented: “Extracting all of the data possible from the 2023-2024 drilling campaign and interpreting it in context is a key part of the work being undertaken at Parys Mountain and it is great to see this latest dataset supporting and enhancing previous geological interpretation of the deposit.”
Hole NCZ001, at the 575.0m depth, intercepted a high-grade veined polymetallic interval in the Garth Daniel Zone (GDZ) which sits at a similar stratigraphic position to high-grade GDZ mineralization in AMC15 (from the 2005-2006 drilling campaign)
The semi-massive sulphides in NCZ002, NCZ003 are as seen in hole AMC16 (also from the 2005-2006 drilling campaign)
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 461,593,017 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.
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.
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
Anglesey Mining #AYM – Alan Green talks to CEO Rob Marsden at Parys Mountain
Alan Green talks to recently appointed Anglesey Mining #AYM CEO Rob Marsden direct from the Company’s flagship Parys Mountain mine. Rob discusses his career, in particular the years he spent working at Rio Tinto and also the 3 years he spent heading up the Rio investment committee, charged with seeking new investment opportunities for the mining giant. Rob then covers his work as a consultant, working around the world and then the time he spent with former CEO Jo Battershill at Parys Mountain a few years ago, which led up to his joining the board. Rob provides his overview of the latest assay results from hole NCZ003, and explains how he believes the previous drilling in the 1960’s and 1970’s can give the team ‘incredible confidence’ going forward. We then look at how the team plan to approach the pre feasibility study, via both divergent and convergent phases leading to a robust PFS ahead of the move to feasibility study. Rob then maps out what investors can expect in the coming weeks and months, and how this week he has assembled a team of colleagues including a longstanding veteran Rio Tinto geologist who will bring ‘fresh eyes’ to the project.
Anglesey Mining #AYM – Following assay results for hole NCZ003, WH Ireland maintains fair value at 5.4p per share
The Northern Copper Zone is shaping up to underpin enhanced mine plans and project economics for Parys Mountain Anglesey recently reported the assay results for the third drill hole completed at its’ Parys Mountain project. Drilling has confirmed the continuity and scale of the Northern Copper Zone (NCZ) which we believe is likely to contribute significant volumes of high-grade ore to mine plans in on-going feasibility studies. Surging metal prices and increased volumes will, we believe, contribute to significantly enhanced project economics once feasibility studies are reported.
The Parys Mountain drill programme has successfully demonstrated the continuity of mineralisation at the NCZ, and it has improved confidence in the Garth Daniel and Central zones. Drilled intervals from the NCZ extend over at least 700m of strike and 400m down-dip, mineralisation is recorded in intervals over 10’s of meters. It is our belief that the drilled intervals lend themselves to low-cost bulk-mining methods and that this will significantly enhance the economic projections for Parys Mountain once feasibility studies are reported. We expect Anglesey will report an updated resource for Parys Mountain that we anticipate will include higher confidence resource categories as well as boosting contained metal. We maintain our fair value at 5.4p per share.
Introduction from new Anglesey Mining #AYM CEO Rob Marsden
An introduction from new Anglesey Mining #AYM CEO Rob Marsden from Parys Mountain
- Rob provides an overview of his CV, along with a brief overview of Parys Mountain mine and the surrounding area
- A brief overview of today’s assay results that “demonstrate good continuity, supporting the integrity of the geological model”
- Litho geochemical results from all three holes due in the coming weeks
- Targeting a resource update on the Northern Copper Zone
Anglesey Mining #AYM – Further drilling results confirm scale of Northern Copper Zone at Parys Mountain
Anglesey Mining plc (AIM:AYM), is pleased to announce that assay results have been received for the recently completed drill hole NCZ003. Drill hole NCZ003 was the third 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 both with historical drilling and the recently completed NCZ001 and NCZ002 holes, the assays confirm NCZ003 intersected a significant zone of mineralisation across the NCZ with 90m @ 0.57% CuEq (including internal dilution). Drill hole NCZ003 was terminated prematurely at a depth of 535m due to a large, potentially fault-related void. The last 6 metres of core prior to the 4m void assayed 1.16% CuEq and coincides with previous high-grade assays from historic drilling.
As with the previous two holes in the program, NCZ003 intersected both broad zones of mineralisation and multiple higher-grade zones. Importantly, the drilling is demonstrating good continuity and further supports the integrity of the geological model and drill targeting, with indications of greater mineralised volumes overall.
Key intersections within the broad zone of mineralisation are detailed below:
Northern Copper Zone – Hole NCZ003
- 0m @ 0.51% Cu, 0.06% Zn, 0.03% Pb, 2.16g/t Ag and 0.14g/t Au (0.57% CuEq) from a depth of 389m, including:
- 0m @ 0.80% Cu, 2.19g/t Ag and 0.16g/t Au (0.82% CuEq) from 427.0m
- 0m @ 0.99% Cu, 4.33g/t Ag and 0.15g/t Au (1.08% CuEq) from 449.0m
- 0m @ 0.47% Cu, 1.53g/t Ag and 0.07g/t Au (0.49% CuEq) from 490.0m, including 4.0m @ 0.48% Cu, 2.48g/t Ag and 0.13g/t Au (0.53% CuEq)
- 0m @ 1.20% Cu, 1.10g/t Ag and 0.01g/t Au (1.16% CuEq) from 529m (hole stopped in mineralisation)
***CuEq grades are based on recovery factors and commodity prices as detailed after the tabulated reported assays of this release***
The third drill hole, NCZ003, concludes the on-site portion of the current exploration and infill drilling program and we are expecting litho-geochemical analysis results, from each of the three holes, to be back from the laboratory in Canada in the coming weeks. Subsequently, on the strength of all the data collected and the interpretation thereof, 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 pleased 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.“
“All three holes in the current program; NCZ001 NCZ002 and NCZ003 have delivered some exceptional high-grade copper intersections within broad thicknesses of mineralisation up to 100m wide. The results continue to support our view that the NCZ provides significant upside for the Parys Mountain project, over and above the 5 million tonne contribution included within the 2021 Preliminary Economic Assessment.”
NCZ – Cross Section 4600mE
Section 4600mE below highlights the position of the recently completed drill hole NCZ002 and NCZ003.
The interpreted outline of the NCZ in the cross-section does not imply an economic outcome, it simply highlights where sulphides have been identified within the Northern Shales with a 0.5% CuEq cut-off. A significant number of the drill holes within this zone have returned consistent zones of higher-grade material, which was a key target of the program. The recognition of a shear zone along the hanging wall of the NCZ 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 NCZ has intersected broad zones of sulphides; the drilling has demonstrated the predictability of the mineralised zone from the detailed geological model that has been constructed and refined over several years.
The most recent drill hole, NCZ003, targeted the up-dip area above historical hole H17A and has provided important additional information relating to the key lithology Rhyolite B – the emplacement of this unit is closely associated to the mineralising event. This additional information will now be incorporated into the geological model and the resource block model of the NCZ.
Drill hole NCZ003 ended prematurely at a depth of 535m due to faulted ground conditions and the intersection of a 4m void. The last metre of core prior to the void assayed 1.3% Cu and 1.22% CuEq. The location of the void correlates to the contact position of Rhyolite B and the host northern shale unit, which has traditionally been a zone related to higher grade intersections – drill hole A15 intersected 1.6m @ 3.7% CuEq approximately 100m up-dip from NCZ003 and NCZ001 intersected 22.0m @ 3.2% CuEq on section 4800mE (200m along strike).
NCZ – 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 NCZ. With the completion of NCZ003, 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:
| Hole ID | Co-ordinates
(E) (N) |
Elevation
(m) |
Azimuth
(°) |
Dip (°) | End of Hole (m) | |
| NCZ003 | 243806.92 | 390948.57 | 73.09 | 165 | -72 | 535 |
Reported Assays (results >0.5 CuEq in bold):
| Hole Number | From | To | Sample Length | Assays | |||||
| (m) | (m) | (m) | Cu
(%) |
Zn
(%) |
Pb
(%) |
Ag (g/t) | Au (g/t) | CuEq
(%)* |
|
| NCZ003 | 264.4 | 264.8 | 0.4 | 0.02 | 1.34 | 0.26 | 3.6 | 0.11 | 0.42% |
| NCZ003 | 339.8 | 340.3 | 0.5 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 340.3 | 340.8 | 0.5 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 340.8 | 341.3 | 0.5 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 385 | 386 | 1 | 0.12 | 0.00 | 0.01 | 0.5 | 0.02 | 0.12% |
| NCZ003 | 386 | 387 | 1 | 0.38 | 0.00 | 0.01 | 0.7 | 0.02 | 0.37% |
| NCZ003 | 387 | 388 | 1 | 0.50 | 0.02 | 0.05 | 1.9 | 0.12 | 0.54% |
| NCZ003 | 388 | 389 | 1 | 0.36 | 0.01 | 0.09 | 1.1 | 0.12 | 0.42% |
| NCZ003 | 389 | 390 | 1 | 0.50 | 0.01 | 0.05 | 1.4 | 0.11 | 0.53% |
| NCZ003 | 390 | 391 | 1 | 0.25 | 0.00 | 0.03 | 1.0 | 0.18 | 0.32% |
| NCZ003 | 391 | 392 | 1 | 0.27 | 0.01 | 0.05 | 1.0 | 0.05 | 0.29% |
| NCZ003 | 392 | 393 | 1 | 0.44 | 0.01 | 0.04 | 1.5 | 0.41 | 0.60% |
| NCZ003 | 393 | 394 | 1 | 1.90 | 0.00 | 0.09 | 2.2 | 0.12 | 1.85% |
| NCZ003 | 394 | 395 | 1 | 0.04 | 0.00 | 0.01 | 0.5 | 0.06 | 0.07% |
| NCZ003 | 395 | 396 | 1 | 0.67 | 0.00 | 0.01 | 1.1 | 0.11 | 0.68% |
| NCZ003 | 396 | 397 | 1 | 0.33 | 0.00 | 0.00 | 1.1 | 0.32 | 0.45% |
| NCZ003 | 397 | 398 | 1 | 0.10 | 0.02 | 0.06 | 0.8 | 0.16 | 0.18% |
| NCZ003 | 398 | 399 | 1 | 0.18 | 0.01 | 0.02 | 0.8 | 0.06 | 0.20% |
| NCZ003 | 399 | 400 | 1 | 0.02 | 0.00 | 0.01 | 0.5 | 0.06 | 0.05% |
| NCZ003 | 400 | 401 | 1 | 0.32 | 0.01 | 0.01 | 1.2 | 0.18 | 0.38% |
| NCZ003 | 401 | 402 | 1 | 0.33 | 0.01 | 0.01 | 1.7 | 0.20 | 0.40% |
| NCZ003 | 402 | 403 | 1 | 0.34 | 0.00 | 0.01 | 1.1 | 0.10 | 0.37% |
| NCZ003 | 403 | 404 | 1 | 0.29 | 0.01 | 0.01 | 1.2 | 0.08 | 0.31% |
| NCZ003 | 404 | 405 | 1 | 2.80 | 0.02 | 0.01 | 4.2 | 0.28 | 2.75% |
| NCZ003 | 405 | 406 | 1 | 0.26 | 0.02 | 0.01 | 1.5 | 0.10 | 0.30% |
| NCZ003 | 406 | 407 | 1 | 0.27 | 0.01 | 0.01 | 2.6 | 0.25 | 0.37% |
| NCZ003 | 407 | 408 | 1 | 0.32 | 0.00 | 0.01 | 1.0 | 0.07 | 0.33% |
| NCZ003 | 408 | 409 | 1 | 0.23 | 0.00 | 0.01 | 0.8 | 0.14 | 0.28% |
| NCZ003 | 409 | 410 | 1 | 0.08 | 0.00 | 0.01 | 0.5 | 0.11 | 0.13% |
| NCZ003 | 410 | 411 | 1 | 0.62 | 0.01 | 0.01 | 2.0 | 0.49 | 0.79% |
| NCZ003 | 411 | 412 | 1 | 0.11 | 0.00 | 0.01 | 0.5 | 0.03 | 0.11% |
| NCZ003 | 412 | 413 | 1 | 0.19 | 0.01 | 0.01 | 0.9 | 0.12 | 0.24% |
| NCZ003 | 413 | 414 | 1 | 0.17 | 0.02 | 0.01 | 1.3 | 0.16 | 0.24% |
| NCZ003 | 414 | 415 | 1 | 0.29 | 0.00 | 0.00 | 0.8 | 0.10 | 0.31% |
| NCZ003 | 415 | 416 | 1 | 0.33 | 0.00 | 0.01 | 0.7 | 0.15 | 0.37% |
| NCZ003 | 416 | 417 | 1 | 1.14 | 0.01 | 0.02 | 1.8 | 0.15 | 1.14% |
| NCZ003 | 417 | 418 | 1 | 0.09 | 0.01 | 0.01 | 0.5 | 0.09 | 0.12% |
| NCZ003 | 418 | 419 | 1 | 0.50 | 0.01 | 0.01 | 1.8 | 0.09 | 0.52% |
| NCZ003 | 419 | 420 | 1 | 0.66 | 0.02 | 0.01 | 2.4 | 0.18 | 0.70% |
| NCZ003 | 420 | 421 | 1 | 0.25 | 0.01 | 0.01 | 1.0 | 0.08 | 0.28% |
| NCZ003 | 421 | 422 | 1 | 0.56 | 0.01 | 0.01 | 2.4 | 0.19 | 0.61% |
| NCZ003 | 422 | 423 | 1 | 0.76 | 0.01 | 0.01 | 2.6 | 0.24 | 0.83% |
| NCZ003 | 423 | 424 | 1 | 0.16 | 0.01 | 0.01 | 1.5 | 0.06 | 0.19% |
| NCZ003 | 424 | 425 | 1 | 0.05 | 0.01 | 0.01 | 1.2 | 0.11 | 0.10% |
| NCZ003 | 425 | 426 | 1 | 0.41 | 0.01 | 0.04 | 1.1 | 0.05 | 0.43% |
| NCZ003 | 426 | 427 | 1 | 0.17 | 0.00 | 0.01 | 0.7 | 0.08 | 0.20% |
| NCZ003 | 427 | 428 | 1 | 0.92 | 0.02 | 0.01 | 2.8 | 0.13 | 0.93% |
| NCZ003 | 428 | 429 | 1 | 0.86 | 0.00 | 0.01 | 1.5 | 0.10 | 0.86% |
| NCZ003 | 429 | 430 | 1 | 1.82 | 0.01 | 0.01 | 2.8 | 0.13 | 1.77% |
| NCZ003 | 430 | 431 | 1 | 1.41 | 0.04 | 0.01 | 4.2 | 0.19 | 1.43% |
| NCZ003 | 431 | 432 | 1 | 0.48 | 0.01 | 0.01 | 1.5 | 0.10 | 0.50% |
| NCZ003 | 432 | 433 | 1 | 0.07 | 0.00 | 0.00 | 0.6 | 0.05 | 0.09% |
| NCZ003 | 433 | 434 | 1 | 0.27 | 0.01 | 0.01 | 2.0 | 0.43 | 0.44% |
| NCZ003 | 434 | 435 | 1 | 0.53 | 0.01 | 0.00 | 2.1 | 0.15 | 0.57% |
| NCZ003 | 435 | 436 | 1 | 0.29 | 0.06 | 0.21 | 4.5 | 0.30 | 0.49% |
| NCZ003 | 436 | 437 | 1 | 0.12 | 0.01 | 0.01 | 2.2 | 0.15 | 0.19% |
| NCZ003 | 437 | 438 | 1 | 0.11 | 0.00 | 0.01 | 1.1 | 0.14 | 0.17% |
| NCZ003 | 438 | 439 | 1 | 0.21 | 0.02 | 0.00 | 1.7 | 0.09 | 0.25% |
| NCZ003 | 439 | 440 | 1 | 0.04 | 0.01 | 0.01 | 1.4 | 0.10 | 0.09% |
| NCZ003 | 440 | 441 | 1 | 0.05 | 0.00 | 0.00 | 0.9 | 0.08 | 0.09% |
| NCZ003 | 441 | 442 | 1 | 0.09 | 0.00 | 0.00 | 1.0 | 0.07 | 0.12% |
| NCZ003 | 442 | 443 | 1 | 0.80 | 0.01 | 0.00 | 2.4 | 0.19 | 0.84% |
| NCZ003 | 443 | 444 | 1 | 0.37 | 0.01 | 0.00 | 2.0 | 0.19 | 0.43% |
| NCZ003 | 444 | 445 | 1 | 0.38 | 0.04 | 0.04 | 4.3 | 0.36 | 0.55% |
| NCZ003 | 445 | 446 | 1 | 0.18 | 0.01 | 0.01 | 1.6 | 0.13 | 0.24% |
| NCZ003 | 446 | 447 | 1 | 0.31 | 0.01 | 0.00 | 2.0 | 0.14 | 0.36% |
| NCZ003 | 447 | 448 | 1 | 0.53 | 0.09 | 0.27 | 4.8 | 0.16 | 0.68% |
| NCZ003 | 448 | 449 | 1 | 0.24 | 0.01 | 0.17 | 1.6 | 0.10 | 0.32% |
| NCZ003 | 449 | 450 | 1 | 2.10 | 0.02 | 0.03 | 7.1 | 0.40 | 2.17% |
| NCZ003 | 450 | 451 | 1 | 0.51 | 0.01 | 0.02 | 2.3 | 0.18 | 0.57% |
| NCZ003 | 451 | 452 | 1 | 1.60 | 0.28 | 0.80 | 7.1 | 0.13 | 1.87% |
| NCZ003 | 452 | 453 | 1 | 0.95 | 0.03 | 0.26 | 5.3 | 0.21 | 1.08% |
| NCZ003 | 453 | 454 | 1 | 0.49 | 0.06 | 0.20 | 3.1 | 0.08 | 0.58% |
| NCZ003 | 454 | 455 | 1 | 0.14 | 0.01 | 0.02 | 1.0 | 0.06 | 0.16% |
| NCZ003 | 455 | 456 | 1 | 0.29 | 0.12 | 0.22 | 5.9 | 0.06 | 0.42% |
| NCZ003 | 456 | 457 | 1 | 0.30 | 0.08 | 0.08 | 2.1 | 0.13 | 0.38% |
| NCZ003 | 457 | 458 | 1 | 2.55 | 0.07 | 0.16 | 5.1 | 0.09 | 2.50% |
| NCZ003 | 458 | 459 | 1 | 0.28 | 0.06 | 0.12 | 3.0 | 0.16 | 0.39% |
| NCZ003 | 459 | 460 | 1 | 0.70 | 0.04 | 0.09 | 5.4 | 0.19 | 0.79% |
| NCZ003 | 460 | 461 | 1 | 0.76 | 0.03 | 0.02 | 3.5 | 0.17 | 0.80% |
| NCZ003 | 461 | 462 | 1 | 0.64 | 0.01 | 0.01 | 1.7 | 0.14 | 0.67% |
| NCZ003 | 462 | 463 | 1 | 0.39 | 0.01 | 0.01 | 1.7 | 0.08 | 0.40% |
| NCZ003 | 463 | 464 | 1 | 0.13 | 0.26 | 0.53 | 2.9 | 0.06 | 0.36% |
| NCZ003 | 464 | 465 | 1 | 0.13 | 0.06 | 0.19 | 1.8 | 0.03 | 0.21% |
| NCZ003 | 465 | 466 | 1 | 1.10 | 0.12 | 0.04 | 5.4 | 0.10 | 1.13% |
| NCZ003 | 466 | 467 | 1 | 0.42 | 0.04 | 0.08 | 3.9 | 0.10 | 0.48% |
| NCZ003 | 467 | 468 | 1 | 0.18 | 0.00 | 0.07 | 0.7 | 0.02 | 0.20% |
| NCZ003 | 468 | 469 | 1 | 0.31 | 0.02 | 0.05 | 1.9 | 0.03 | 0.33% |
| NCZ003 | 469 | 470 | 1 | 0.14 | 0.09 | 0.18 | 1.9 | 0.08 | 0.24% |
| NCZ003 | 470 | 471 | 1 | 0.10 | 0.03 | 0.14 | 1.1 | 0.02 | 0.16% |
| NCZ003 | 471 | 472 | 1 | 1.71 | 0.05 | 0.09 | 6.4 | 0.05 | 1.68% |
| NCZ003 | 472 | 473 | 1 | 0.12 | 0.01 | 0.01 | 0.8 | 0.06 | 0.14% |
| NCZ003 | 473 | 474 | 1 | 0.15 | 0.01 | 0.01 | 0.9 | 0.04 | 0.16% |
| NCZ003 | 474 | 475 | 1 | 0.71 | 0.02 | 0.05 | 1.7 | 0.13 | 0.74% |
| NCZ003 | 475 | 476 | 1 | 0.58 | 0.02 | 0.01 | 3.2 | 0.17 | 0.63% |
| NCZ003 | 476 | 477 | 1 | 0.07 | 0.01 | 0.06 | 0.8 | 0.04 | 0.11% |
| NCZ003 | 477 | 478 | 1 | 0.82 | 0.04 | 0.05 | 3.5 | 0.16 | 0.87% |
| NCZ003 | 478 | 479 | 1 | 1.37 | 0.02 | 0.04 | 3.5 | 0.08 | 1.34% |
| NCZ003 | 479 | 480 | 1 | 0.10 | 0.01 | 0.05 | 0.8 | 0.04 | 0.12% |
| NCZ003 | 480 | 481 | 1 | 0.04 | 0.03 | 0.06 | 0.7 | 0.03 | 0.07% |
| NCZ003 | 481 | 482 | 1 | 0.13 | 0.01 | 0.02 | 0.5 | 0.03 | 0.14% |
| NCZ003 | 482 | 483 | 1 | 0.38 | 0.01 | 0.02 | 1.3 | 0.05 | 0.39% |
| NCZ003 | 483 | 484 | 1 | 0.07 | 0.00 | 0.01 | 0.5 | 0.01 | 0.08% |
| NCZ003 | 484 | 485 | 1 | 0.02 | 0.00 | 0.01 | 0.5 | 0.01 | 0.03% |
| NCZ003 | 485 | 486 | 1 | 0.40 | 0.00 | 0.01 | 0.6 | 0.03 | 0.39% |
| NCZ003 | 486 | 487 | 1 | 0.03 | 0.00 | 0.01 | 0.5 | 0.02 | 0.04% |
| NCZ003 | 487 | 488 | 1 | 0.02 | 0.13 | 0.06 | 0.8 | 0.02 | 0.07% |
| NCZ003 | 488 | 489 | 1 | 0.19 | 0.01 | 0.02 | 0.5 | 0.03 | 0.19% |
| NCZ003 | 489 | 490 | 1 | 0.15 | 0.00 | 0.01 | 0.5 | 0.02 | 0.15% |
| NCZ003 | 490 | 491 | 1 | 0.63 | 0.03 | 0.01 | 4.1 | 0.19 | 0.69% |
| NCZ003 | 491 | 492 | 1 | 0.51 | 0.07 | 0.02 | 4.0 | 0.26 | 0.63% |
| NCZ003 | 492 | 493 | 1 | 0.13 | 0.01 | 0.07 | 0.9 | 0.04 | 0.16% |
| NCZ003 | 493 | 494 | 1 | 0.66 | 0.00 | 0.01 | 0.9 | 0.02 | 0.63% |
| NCZ003 | 494 | 495 | 1 | 0.09 | 0.06 | 0.05 | 1.0 | 0.04 | 0.13% |
| NCZ003 | 495 | 496 | 1 | 0.01 | 0.01 | 0.01 | 0.5 | 0.02 | 0.03% |
| NCZ003 | 496 | 497 | 1 | 0.31 | 0.01 | 0.01 | 1.2 | 0.06 | 0.32% |
| NCZ003 | 497 | 498 | 1 | 0.83 | 0.02 | 0.01 | 1.7 | 0.04 | 0.81% |
| NCZ003 | 498 | 499 | 1 | 0.63 | 0.01 | 0.01 | 1.1 | 0.05 | 0.61% |
| NCZ003 | 499 | 500 | 1 | 0.03 | 0.00 | 0.01 | 0.5 | 0.01 | 0.04% |
| NCZ003 | 500 | 501 | 1 | 0.47 | 0.00 | 0.01 | 1.2 | 0.03 | 0.46% |
| NCZ003 | 501 | 504 | 3 | 0.64 | 0.04 | 0.14 | 1.5 | 0.08 | 0.69% |
| NCZ003 | 504 | 505 | 1 | 0.78 | 0.09 | 0.15 | 1.4 | 0.03 | 0.81% |
| NCZ003 | 505 | 506 | 1 | 0.08 | 0.00 | 0.01 | 0.5 | 0.01 | 0.08% |
| NCZ003 | 506 | 507 | 1 | 0.04 | 0.00 | 0.01 | 0.5 | 0.01 | 0.05% |
| NCZ003 | 507 | 508 | 1 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 508 | 509 | 1 | 0.00 | 0.00 | 0.02 | 0.5 | 0.01 | 0.02% |
| NCZ003 | 509 | 510 | 1 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 510 | 511 | 1 | 0.02 | 0.00 | 0.01 | 0.5 | 0.02 | 0.03% |
| NCZ003 | 511 | 512 | 1 | 0.19 | 0.00 | 0.05 | 0.5 | 0.01 | 0.20% |
| NCZ003 | 512 | 513 | 1 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 513 | 514 | 1 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 514 | 515 | 1 | 0.01 | 0.00 | 0.01 | 0.6 | 0.03 | 0.03% |
| NCZ003 | 515 | 516 | 1 | 0.07 | 0.00 | 0.01 | 0.5 | 0.01 | 0.08% |
| NCZ003 | 516 | 517 | 1 | 0.04 | 0.01 | 0.02 | 0.5 | 0.01 | 0.05% |
| NCZ003 | 517 | 518 | 1 | 0.83 | 0.00 | 0.01 | 0.8 | 0.01 | 0.78% |
| NCZ003 | 518 | 519 | 1 | 0.14 | 0.01 | 0.02 | 0.8 | 0.01 | 0.14% |
| NCZ003 | 519 | 520 | 1 | 0.15 | 0.00 | 0.02 | 0.5 | 0.01 | 0.15% |
| NCZ003 | 520 | 521 | 1 | 0.06 | 0.00 | 0.02 | 0.5 | 0.01 | 0.07% |
| NCZ003 | 521 | 522 | 1 | 0.10 | 0.00 | 0.02 | 0.5 | 0.01 | 0.11% |
| NCZ003 | 522 | 523 | 1 | 0.03 | 0.00 | 0.01 | 0.5 | 0.01 | 0.04% |
| NCZ003 | 523 | 524 | 1 | 0.25 | 0.00 | 0.02 | 0.5 | 0.01 | 0.24% |
| NCZ003 | 524 | 525 | 1 | 0.01 | 0.00 | 0.01 | 0.5 | 0.01 | 0.02% |
| NCZ003 | 525 | 526 | 1 | 0.21 | 0.00 | 0.01 | 0.5 | 0.01 | 0.20% |
| NCZ003 | 526 | 527 | 1 | 0.08 | 0.00 | 0.01 | 0.5 | 0.01 | 0.08% |
| NCZ003 | 527 | 528 | 1 | 0.00 | 0.00 | 0.01 | 0.5 | 0.01 | 0.01% |
| NCZ003 | 528 | 529 | 1 | 0.24 | 0.00 | 0.01 | 0.5 | 0.01 | 0.23% |
| NCZ003 | 529 | 531 | 2 | 1.15 | 0.01 | 0.19 | 1.2 | 0.01 | 1.13% |
| NCZ003 | 534 | 535 | 1 | 1.30 | 0.01 | 0.02 | 0.9 | 0.01 | 1.22% |
| Total | 148.90 | ||||||||
* 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
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
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
Anglesey Mining #AYM – 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
- 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:
- 3m @ 2.6% Cu, 3.2g/t Ag and 0.86g/t Au (2.8% CuEq) from 426.0m
- 1m @ 0.9% Cu, 4.6g/t Ag and 0.11g/t Au (1.0% CuEq) from 448.3m, including:
- 4m @ 1.9% Cu, 0.26% Pb, 0.22% Zn, 13.2g/t Ag and 0.22g/t Au (2.1% CuEq)
- 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
- 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
- 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
- 5m @ 1.4% Cu, 3.5g/t Ag and 0.44g/t Au (1.6% CuEq) from 508.5m, including:
- 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:
| Hole ID | Co-ordinates
(E) (N) |
Elevation
(m) |
Azimuth
(°) |
Dip (°) | End of Hole (m) | |
| NCZ002 | 243818 | 390943 | 72.0 | 165 | -80 | 575 |
Reported Assays (results >0.5 CuEq in bold):
| Hole Number | From | To | Sample Length | Assays | |||||
| (m) | (m) | (m) | Cu
(%) |
Zn
(%) |
Pb
(%) |
Ag (g/t) | Au (g/t) | CuEq
(%)* |
|
| 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
Anglesey Mining #AYM – Northern Copper Zone Drilling Update – Broad Zone of Sulphides Intersected in Hole NCZ002
Anglesey Mining plc (AIM:AYM), is pleased to provide an update on the Northern Copper Zone (‘NCZ’) Mineral Resource delineation drilling program at the Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in NW Wales.
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 Ireland on 16th February and the results are expected within a few weeks. Based on the encouraging intersection of visible sulphides and the promising assay results from NCZ001 (as detailed in the announcement released by the Company on 19th January 2024), it is anticipated that the assay results will confirm the continuity of the Cu-Zn-Pb-Ag-Au mineralisation at Parys Mountain. Drilling of the third drill hole in this latest programme, NCZ003, has commenced with 200m drilled to date.
Key takeaways from the drilling results so far include:
– Further verification of the existing Parys Mountain geological model.
– Significant high-grade widths of polymetallic mineralisation identified along the contact with the Garth Daniel Zone.
– Intersect of 22m grading 3.2% CuEq1 recently reported from NCZ001 represents a significant potential upside to the current resource estimate.
Andrew King, Interim Chairman of Anglesey Mining plc, commented: “On behalf of Anglesey management and the field team, I am delighted to report that ongoing drilling of the Northern Copper Zone is confirming that Parys Mountain has a significant zone of copper dominant mineralisation within an area 600 to 700 metres along strike and 300 to 400m downdip. Widths of mineralisation appear to be averaging over 20 metres in this zone with copper equivalent grades of between 1.0 – 1.3%.”
“The positive verification and infill drilling of the Northern Copper Zone completed so far is a key element to advancing the project through future development studies and ultimately providing sufficient data on which to base a decision to mine. Current management has always believed the Northern Copper Zone to be much more significant than the current resource numbers implied, and the first two drill holes of this program are encouraging in supporting that view.”
“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 Parys Mountain resource estimate.”
1Copper 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 – US$3350/t, Cu – US$9523/t, Pb – US$2292/t, Ag – US$25.50/oz and Au – US$1850/oz
Recovery assumptions for Northern Copper Zone: Zn – 82%, Cu – 93%, Pb – 78%, Ag – 72% and Au -65%
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
Anglesey Mining #AYM – Parys Mountain drilling returns strong assays including 22.0m at 3.7% CuEq
Anglesey Mining plc (AIM:AYM), is pleased to announce that the assay results have been received from the recently completed drill hole NCZ001. Drill hole NCZ001 is the first hole from the infill drilling program of the Northern Copper and Garth Daniel Zones at the Company’s Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in north-west Wales.
Drill hole NCZ001 was designed to provide a repeat of the historical drill hole H34, drilled in the early 1970’s, which intersected three mineralised zones that bulked out to 146 metres at 1.2% copper equivalent (CuEq). Due to the deviation of NCZ001, the intersection encountered is estimated to be approximately 75 metres up-dip from the H34 intersection and provides a valuable infill pierce point.
Garth Daniel Zone – Hole NCZ001
-
- 22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au (3.7% CuEq / 9.2% ZnEq) from a depth of 559m, including
- 4.0m @ 5.2% Cu, 5.0g/t Ag and 0.03g/t Au (4.9% CuEq) from 569m; and,
- 6.0m @ 2.5% Cu, 9.9% Zn, 4.7% Pb, 10g/t Ag and 0.1g/t Au (6.1% CuEq / 17.4% ZnEq) from 575m
- 22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au (3.7% CuEq / 9.2% ZnEq) from a depth of 559m, including
Northern Copper Zone – Hole NCZ001
Significant intersections include:
-
- 11.0m @ 0.6% Cu, 1.4% Zn, 0.5% Pb, 9.0g/t Ag and 0.4g/t Au (1.3% CuEq / 3.6% ZnEq) from a depth of 503m including
- 4.0m at 1.1% Cu, 2.7% Zn, 1.0% Pb, 16g/t Ag and 0.7g/t Au (2.4% CuEq / 6.9% ZnEq) from 510m
- 63.0m @ 0.6% Cu, 0.06% Zn, 0.03% Pb, 3g/t Ag and 0.2g/t Au (0.7% CuEq) from a depth of 362m including
- 16.0m @ 0.9% Cu, 0.05% Zn, 0.02% Pb, 3g/t Ag and 0.2g/t Au (1.0% CuEq) from 382m
- 7.0m @ 1.3% Cu, 0.11% Zn, 0.05% Pb, 5.5g/t Ag and 0.2g/t Au (1.3% CuEq) from 404m
- 13.0m @ 0.5% Cu, 0.05% Zn, 0.01% Pb, 2g/t Ag and 0.1g/t Au (0.5% CuEq) from a depth of 455m
- 11.0m @ 0.6% Cu, 1.4% Zn, 0.5% Pb, 9.0g/t Ag and 0.4g/t Au (1.3% CuEq / 3.6% ZnEq) from a depth of 503m including
***CuEq and ZnEq grades are based on recovery factors and commodity prices as detailed on page 9 of this release***
Andrew King, Interim Chairman of Anglesey Mining, commented: “We are very encouraged by the broad widths encountered across both the Garth Daniel and Northern Copper Zones in NCZ001. In particular, we are excited to see the significant intersection within the Garth Daniel Zone. The 22-metre intersection grading 3.7% copper equivalent we believe continues to demonstrate the prospectivity of the Parys Mountain mineralised system.”
“Infill drilling of these mineralised zones will play a crucial role in the development studies for Parys Mountain. The primary target for this program is to provide additional pierce points to enable the current Inferred resources to be upgraded to the Indicated category. The second drill hole, NCZ002, is currently at a depth of around 360 metres with the Northern Copper Zone target estimated to commence at a downhole depth of around 420 metres”.
Drill hole details
| Hole ID | Co-ordinates
(E) (N) |
Elevation
(m) |
Azimuth
(°) |
Dip (°) | End of Hole (m) | |
| NCZ001 | 244008 | 390981 | 78.3 | 165 | -75 | 635 |
Reported Assays (results >0.5 CuEq in bold)
| Hole Number | From | To | Sample Length | Assays | |||||
| (m) | (m) | (m) | Cu
(%) |
Zn
(%) |
Pb
(%) |
Ag (g/t) | Au (g/tt) | CuEq
(%)* |
|
| NCZ001 | 77.5 | 78 | 0.50 | 0.27 | 0.19 | 0.16 | 3.3 | <0.005 | 0.36% |
| NCZ001 | 83.4 | 83.9 | 0.50 | 0.03 | 0.01 | 0.00 | <0.5 | <0.005 | 0.03% |
| NCZ001 | 98.6 | 99.1 | 0.50 | 0.08 | 0.01 | 0.00 | <0.5 | <0.005 | 0.08% |
| NCZ001 | 99.1 | 99.6 | 0.50 | 0.02 | 0.01 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 99.6 | 100.1 | 0.50 | 0.02 | 0.00 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 100.1 | 100.6 | 0.50 | 0.02 | 0.01 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 100.6 | 101.1 | 0.50 | 0.03 | 0.00 | 0.00 | <0.5 | <0.005 | 0.03% |
| NCZ001 | 101.1 | 101.6 | 0.50 | 0.56 | 0.22 | 0.13 | 9.6 | <0.005 | 0.66% |
| NCZ001 | 101.6 | 102 | 0.40 | 0.12 | 0.32 | 0.06 | 2.9 | <0.005 | 0.23% |
| NCZ001 | 102 | 102.5 | 0.50 | 0.02 | 0.02 | 0.05 | <0.50 | <0.005 | 0.03% |
| NCZ001 | 102.5 | 103 | 0.50 | 0.32 | 0.02 | 0.03 | 3.4 | <0.005 | 0.33% |
| NCZ001 | 131 | 131.5 | 0.50 | 0.02 | 0.01 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 132.5 | 133 | 0.50 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 139 | 139.5 | 0.50 | 0.01 | 0.02 | 0.01 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 243.65 | 244.15 | 0.50 | 0.00 | 0.27 | 0.05 | <0.5 | <0.005 | 0.09% |
| NCZ001 | 267.8 | 268.3 | 0.50 | 0.01 | 0.70 | 0.07 | <0.5 | <0.005 | 0.22% |
| NCZ001 | 303.9 | 304.4 | 0.50 | 0.01 | 0.03 | 0.01 | 1.2 | <0.005 | 0.03% |
| NCZ001 | 304.4 | 304.9 | 0.50 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 304.9 | 305.4 | 0.50 | 0.07 | 0.01 | 0.00 | 1.0 | <0.005 | 0.08% |
| NCZ001 | 305.4 | 305.9 | 0.50 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 305.9 | 306.4 | 0.50 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 318.45 | 318.95 | 0.50 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 327.15 | 327.65 | 0.50 | 0.01 | 0.59 | 0.02 | <0.5 | <0.005 | 0.18% |
| NCZ001 | 351 | 352 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 352 | 353 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 353 | 354 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 354 | 355 | 1.00 | 0.02 | 0.00 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 355 | 356 | 1.00 | 0.01 | 0.00 | 0.00 | <0.5 | 0.01 | 0.01% |
| NCZ001 | 356 | 357 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 357 | 358 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 358 | 359 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 359 | 360 | 1.00 | 0.03 | 0.01 | 0.00 | <0.5 | 0.02 | 0.04% |
| NCZ001 | 360 | 361 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 361 | 362 | 1.00 | 0.27 | 0.01 | 0.00 | <0.5 | 0.025 | 0.26% |
| NCZ001 | 362 | 363 | 1.00 | 0.98 | 0.01 | 0.01 | 1.7 | 0.223 | 1.02% |
| NCZ001 | 363 | 364 | 1.00 | 0.49 | 0.00 | 0.01 | 0.9 | 0.142 | 0.52% |
| NCZ001 | 364 | 365 | 1.00 | 1.04 | 0.00 | 0.04 | 6.5 | 0.119 | 1.06% |
| NCZ001 | 365 | 366 | 1.00 | 1.38 | 0.00 | 0.01 | 3.1 | 0.621 | 1.56% |
| NCZ001 | 366 | 367 | 1.00 | 0.15 | 0.02 | 0.00 | <0.5 | 0.03 | 0.15% |
| NCZ001 | 367 | 368 | 1.00 | 0.35 | 0.01 | 0.00 | 0.8 | 0.068 | 0.36% |
| NCZ001 | 368 | 369 | 1.00 | 0.78 | 0.03 | 0.01 | 1.7 | 0.31 | 0.87% |
| NCZ001 | 369 | 370 | 1.00 | 0.57 | 0.01 | 0.00 | 0.8 | 0.23 | 0.63% |
| NCZ001 | 370 | 371 | 1.00 | 0.16 | 0.01 | 0.00 | <0.5 | 0.024 | 0.16% |
| NCZ001 | 371 | 372 | 1.00 | 0.15 | 0.01 | 0.01 | <0.5 | 0.024 | 0.16% |
| NCZ001 | 372 | 373 | 1.00 | 0.11 | 0.01 | 0.00 | <0.5 | 0.127 | 0.16% |
| NCZ001 | 373 | 374 | 1.00 | 0.56 | 0.00 | 0.01 | 1.5 | 0.464 | 0.73% |
| NCZ001 | 374 | 375 | 1.00 | 0.45 | 0.01 | 0.01 | 1.6 | 0.22 | 0.52% |
| NCZ001 | 375 | 376 | 1.00 | 0.40 | 0.01 | 0.01 | 1.2 | 0.376 | 0.54% |
| NCZ001 | 376 | 377 | 1.00 | 0.59 | 0.02 | 0.01 | 1.5 | 0.221 | 0.65% |
| NCZ001 | 377 | 378 | 1.00 | 0.12 | 0.01 | 0.00 | <0.5 | 0.031 | 0.12% |
| NCZ001 | 378 | 379 | 1.00 | 0.08 | 0.00 | 0.00 | 0.7 | 0.048 | 0.10% |
| NCZ001 | 379 | 380 | 1.00 | 1.58 | 0.02 | 0.03 | 5.6 | 1.19 | 1.99% |
| NCZ001 | 380 | 381 | 1.00 | 0.09 | 0.01 | 0.01 | 0.5 | 0.115 | 0.14% |
| NCZ001 | 381 | 382 | 1.00 | 0.03 | 0.03 | 0.00 | <0.5 | 0.051 | 0.06% |
| NCZ001 | 382 | 383 | 1.00 | 0.73 | 0.08 | 0.02 | 1.9 | 0.219 | 0.81% |
| NCZ001 | 383 | 384 | 1.00 | 0.95 | 0.04 | 0.05 | 4.3 | 0.953 | 1.31% |
| NCZ001 | 384 | 385 | 1.00 | 2.01 | 0.02 | 0.02 | 3.4 | 0.04 | 1.91% |
| NCZ001 | 385 | 386 | 1.00 | 0.31 | 0.03 | 0.01 | 0.8 | 0.037 | 0.32% |
| NCZ001 | 386 | 387 | 1.00 | 0.75 | 0.11 | 0.03 | 1.6 | 0.056 | 0.76% |
| NCZ001 | 387 | 388 | 1.00 | 0.06 | 0.02 | 0.00 | 0.5 | 0.01 | 0.07% |
| NCZ001 | 388 | 389 | 1.00 | 0.84 | 0.04 | 0.01 | 1.5 | 0.04 | 0.82% |
| NCZ001 | 389 | 390 | 1.00 | 1.14 | 0.03 | 0.02 | 3.3 | 0.159 | 1.15% |
| NCZ001 | 390 | 391 | 1.00 | 0.21 | 0.04 | 0.01 | 1.1 | 0.07 | 0.24% |
| NCZ001 | 391 | 392 | 1.00 | 0.94 | 0.02 | 0.01 | 2.6 | 0.094 | 0.94% |
| NCZ001 | 392 | 393 | 1.00 | 1.76 | 0.03 | 0.04 | 9.6 | 0.419 | 1.88% |
| NCZ001 | 393 | 394 | 1.00 | 0.85 | 0.04 | 0.01 | 2.6 | 0.115 | 0.86% |
| NCZ001 | 394 | 395 | 1.00 | 1.45 | 0.26 | 0.04 | 4.2 | 0.127 | 1.51% |
| NCZ001 | 395 | 396 | 1.00 | 1.07 | 0.02 | 0.01 | 2.6 | 0.137 | 1.07% |
| NCZ001 | 396 | 397 | 1.00 | 0.17 | 0.01 | 0.02 | 2.3 | 0.124 | 0.23% |
| NCZ001 | 397 | 398 | 1.00 | 0.60 | 0.01 | 0.00 | 1.3 | 0.088 | 0.61% |
| NCZ001 | 398 | 399 | 1.00 | 0.14 | 0.01 | 0.00 | 1.8 | 0.132 | 0.19% |
| NCZ001 | 399 | 400 | 1.00 | 0.13 | 0.62 | 0.23 | 3.6 | 0.232 | 0.46% |
| NCZ001 | 400 | 401 | 1.00 | 0.20 | 0.07 | 0.03 | 2.9 | 0.133 | 0.28% |
| NCZ001 | 401 | 402 | 1.00 | 0.28 | 0.02 | 0.03 | 3.5 | 0.157 | 0.36% |
| NCZ001 | 402 | 403 | 1.00 | 0.19 | 0.04 | 0.09 | 3.4 | 0.099 | 0.27% |
| NCZ001 | 403 | 404 | 1.00 | 0.07 | 0.02 | 0.02 | 2.1 | 0.235 | 0.19% |
| NCZ001 | 404 | 405 | 1.00 | 0.66 | 0.06 | 0.04 | 3.2 | 0.31 | 0.78% |
| NCZ001 | 405 | 406 | 1.00 | 1.73 | 0.01 | 0.01 | 4.0 | 0.305 | 1.76% |
| NCZ001 | 406 | 407 | 1.00 | 1.80 | 0.01 | 0.04 | 5.8 | 0.052 | 1.74% |
| NCZ001 | 407 | 408 | 1.00 | 0.97 | 0.01 | 0.01 | 1.9 | 0.057 | 0.94% |
| NCZ001 | 408 | 409 | 1.00 | 1.35 | 0.37 | 0.16 | 8.7 | 0.226 | 1.53% |
| NCZ001 | 409 | 410 | 1.00 | 1.53 | 0.02 | 0.04 | 7.3 | 0.142 | 1.54% |
| NCZ001 | 410 | 411 | 1.00 | 0.98 | 0.30 | 0.08 | 7.4 | 0.255 | 1.16% |
| NCZ001 | 411 | 412 | 1.00 | 0.20 | 0.13 | 0.07 | 2.9 | 0.101 | 0.30% |
| NCZ001 | 412 | 413 | 1.00 | 0.45 | 0.40 | 0.10 | 4.0 | 0.192 | 0.65% |
| NCZ001 | 413 | 414 | 1.00 | 0.10 | 0.04 | 0.02 | 1.7 | 0.139 | 0.17% |
| NCZ001 | 414 | 415 | 1.00 | 0.21 | 0.02 | 0.02 | 2.6 | 0.113 | 0.27% |
| NCZ001 | 415 | 416 | 1.00 | 0.26 | 0.25 | 0.07 | 2.8 | 0.092 | 0.38% |
| NCZ001 | 416 | 417 | 1.00 | 0.33 | 0.03 | 0.01 | 1.1 | 0.005 | 0.33% |
| NCZ001 | 417 | 418 | 1.00 | 0.67 | 0.04 | 0.01 | 2.5 | 0.014 | 0.66% |
| NCZ001 | 418 | 419 | 1.00 | 0.60 | 0.03 | 0.01 | 2.2 | 0.013 | 0.58% |
| NCZ001 | 419 | 420 | 1.00 | 0.52 | 0.16 | 0.03 | 2.7 | 0.031 | 0.56% |
| NCZ001 | 420 | 421 | 1.00 | 0.38 | 0.06 | 0.02 | 2.9 | 0.019 | 0.40% |
| NCZ001 | 421 | 422 | 1.00 | 0.20 | 0.03 | 0.01 | 1.5 | 0.012 | 0.21% |
| NCZ001 | 422 | 423 | 1.00 | 0.46 | 0.06 | 0.01 | 2.2 | 0.011 | 0.46% |
| NCZ001 | 423 | 424 | 1.00 | 0.28 | 0.04 | 0.01 | 1.8 | 0.022 | 0.29% |
| NCZ001 | 424 | 425 | 1.00 | 0.52 | 0.04 | 0.01 | 2.2 | 0.044 | 0.53% |
| NCZ001 | 425 | 426 | 1.00 | 0.01 | 0.01 | 0.01 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 426 | 427 | 1.00 | 0.01 | 0.01 | 0.01 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 427 | 428 | 1.00 | 0.03 | 0.05 | 0.01 | 0.5 | 0.007 | 0.05% |
| NCZ001 | 428 | 429 | 1.00 | 0.32 | 0.04 | 0.01 | 1.4 | 0.019 | 0.33% |
| NCZ001 | 429 | 430 | 1.00 | 0.06 | 0.01 | 0.00 | <0.5 | 0.007 | 0.06% |
| NCZ001 | 430 | 431 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 431 | 432 | 1.00 | 0.01 | 0.03 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 432 | 433 | 1.00 | 0.65 | 0.03 | 0.01 | 1.5 | 0.012 | 0.63% |
| NCZ001 | 433 | 434 | 1.00 | 0.08 | 0.01 | 0.00 | <0.5 | 0.005 | 0.08% |
| NCZ001 | 434 | 435 | 1.00 | 0.04 | 0.01 | 0.00 | <0.5 | 0.007 | 0.04% |
| NCZ001 | 435 | 436 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 436 | 437 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 437 | 438 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 438 | 439 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | 0.007 | 0.01% |
| NCZ001 | 439 | 440 | 1.00 | 0.03 | 0.06 | 0.00 | 1.0 | 0.005 | 0.05% |
| NCZ001 | 440 | 441 | 1.00 | 0.00 | 0.05 | 0.02 | <0.5 | 0.007 | 0.02% |
| NCZ001 | 441 | 442 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 442 | 443 | 1.00 | 0.01 | 0.02 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 443 | 444 | 1.00 | 0.00 | 0.03 | 0.00 | <0.5 | 0.005 | 0.01% |
| NCZ001 | 444 | 445 | 1.00 | 0.04 | 0.04 | 0.01 | 0.7 | 0.031 | 0.07% |
| NCZ001 | 445 | 446 | 1.00 | 0.23 | 0.07 | 0.03 | 2.6 | 0.061 | 0.28% |
| NCZ001 | 446 | 447 | 1.00 | 0.15 | 0.17 | 0.17 | 4.7 | 0.112 | 0.29% |
| NCZ001 | 447 | 448 | 1.00 | 0.32 | 0.33 | 0.15 | 3.9 | 0.179 | 0.52% |
| NCZ001 | 448 | 449 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 449 | 450 | 1.00 | 0.08 | 0.03 | 0.00 | <0.5 | <0.005 | 0.09% |
| NCZ001 | 450 | 451 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 451 | 452 | 1.00 | 0.18 | 0.01 | 0.00 | <0.5 | <0.005 | 0.17% |
| NCZ001 | 452 | 453 | 1.00 | 0.10 | 0.02 | 0.00 | <0.5 | 0.007 | 0.10% |
| NCZ001 | 453 | 454 | 1.00 | 0.19 | 0.05 | 0.01 | 0.9 | 0.048 | 0.22% |
| NCZ001 | 454 | 455 | 1.00 | 0.02 | 0.07 | 0.00 | 0.5 | 0.043 | 0.06% |
| NCZ001 | 455 | 456 | 1.00 | 0.55 | 0.06 | 0.01 | 2.3 | 0.077 | 0.57% |
| NCZ001 | 456 | 457 | 1.00 | 0.35 | 0.02 | 0.00 | 0.9 | 0.028 | 0.35% |
| NCZ001 | 457 | 458 | 1.00 | 0.75 | 0.02 | 0.01 | 1.7 | 0.02 | 0.72% |
| NCZ001 | 458 | 459 | 1.00 | 0.18 | 0.05 | 0.02 | 2.3 | 0.067 | 0.23% |
| NCZ001 | 459 | 460 | 1.00 | 0.06 | 0.02 | 0.01 | 1.9 | 0.077 | 0.11% |
| NCZ001 | 460 | 461 | 1.00 | 0.13 | 0.02 | 0.00 | 0.9 | 0.063 | 0.16% |
| NCZ001 | 461 | 462 | 1.00 | 0.50 | 0.04 | 0.02 | 3.9 | 0.224 | 0.59% |
| NCZ001 | 462 | 463 | 1.00 | 0.47 | 0.03 | 0.02 | 3.0 | 0.173 | 0.54% |
| NCZ001 | 463 | 464 | 1.00 | 0.17 | 0.02 | 0.01 | 2.1 | 0.163 | 0.25% |
| NCZ001 | 464 | 465 | 1.00 | 0.86 | 0.02 | 0.02 | 3.8 | 0.218 | 0.92% |
| NCZ001 | 465 | 466 | 1.00 | 0.70 | 0.07 | 0.02 | 3.0 | 0.126 | 0.74% |
| NCZ001 | 466 | 467 | 1.00 | 0.71 | 0.19 | 0.02 | 2.3 | 0.103 | 0.78% |
| NCZ001 | 467 | 468 | 1.00 | 0.55 | 0.06 | 0.02 | 1.9 | 0.065 | 0.57% |
| NCZ001 | 468 | 469 | 1.00 | 0.20 | 0.07 | 0.02 | 2.5 | 0.125 | 0.28% |
| NCZ001 | 469 | 470 | 1.00 | 0.09 | 0.11 | 0.02 | 2.7 | 0.106 | 0.18% |
| NCZ001 | 470 | 471 | 1.00 | 0.19 | 0.05 | 0.01 | 1.1 | 0.007 | 0.21% |
| NCZ001 | 471 | 472 | 1.00 | 0.16 | 0.03 | 0.01 | 1.8 | 0.039 | 0.19% |
| NCZ001 | 472 | 473 | 1.00 | 0.07 | 0.10 | 0.03 | 2.1 | 0.021 | 0.12% |
| NCZ001 | 473 | 474 | 1.00 | 0.19 | 0.09 | 0.04 | 3.4 | 0.119 | 0.28% |
| NCZ001 | 474 | 475 | 1.00 | 0.38 | 0.13 | 0.04 | 2.2 | 0.063 | 0.43% |
| NCZ001 | 475 | 476 | 1.00 | 0.18 | 0.08 | 0.01 | 1.5 | 0.037 | 0.22% |
| NCZ001 | 476 | 477 | 1.00 | 0.07 | 0.03 | 0.00 | <0.5 | 0.011 | 0.08% |
| NCZ001 | 477 | 478 | 1.00 | 0.20 | 0.03 | 0.01 | 1.1 | 0.017 | 0.21% |
| NCZ001 | 478 | 479 | 1.00 | 0.08 | 0.04 | 0.01 | 0.5 | <0.005 | 0.09% |
| NCZ001 | 479 | 480 | 1.00 | 0.03 | 0.02 | 0.01 | <0.5 | 0.007 | 0.04% |
| NCZ001 | 480 | 481 | 1.00 | 0.01 | 0.03 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 481 | 482 | 1.00 | 0.01 | 0.04 | 0.01 | 0.8 | 0.007 | 0.03% |
| NCZ001 | 482 | 483 | 1.00 | 0.03 | 0.04 | 0.05 | 0.8 | 0.042 | 0.07% |
| NCZ001 | 483 | 484 | 1.00 | 0.09 | 0.08 | 0.06 | 1.3 | 0.015 | 0.14% |
| NCZ001 | 484 | 485 | 1.00 | 0.06 | 0.01 | 0.00 | <0.5 | 0.011 | 0.07% |
| NCZ001 | 485 | 486 | 1.00 | 0.13 | 0.55 | 0.30 | 1.7 | 0.019 | 0.36% |
| NCZ001 | 486 | 487 | 1.00 | 0.05 | 0.06 | 0.01 | 0.7 | 0.026 | 0.09% |
| NCZ001 | 487 | 488 | 1.00 | 0.01 | 0.01 | 0.01 | <0.5 | 0.036 | 0.03% |
| NCZ001 | 488 | 489 | 1.00 | 0.01 | 0.10 | 0.17 | 0.7 | 0.029 | 0.09% |
| NCZ001 | 489 | 490 | 1.00 | 0.05 | 0.01 | 0.00 | 0.6 | 0.03 | 0.07% |
| NCZ001 | 490 | 491 | 1.00 | 0.00 | 0.03 | 0.00 | <0.5 | 0.009 | 0.02% |
| NCZ001 | 491 | 492 | 1.00 | 0.10 | 0.04 | 0.01 | 0.7 | 0.019 | 0.12% |
| NCZ001 | 492 | 493 | 1.00 | 0.00 | 0.04 | 0.02 | 0.6 | 0.019 | 0.03% |
| NCZ001 | 493 | 494 | 1.00 | 0.08 | 2.10 | 0.75 | 3.4 | 0.022 | 0.85% |
| NCZ001 | 494 | 495 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 495 | 496 | 1.00 | 0.01 | 0.02 | 0.00 | <0.5 | 0.005 | 0.02% |
| NCZ001 | 496 | 497 | 1.00 | 0.03 | 0.01 | 0.01 | 0.5 | 0.072 | 0.07% |
| NCZ001 | 497 | 498 | 1.00 | 0.24 | 0.03 | 0.02 | 2.1 | 0.188 | 0.33% |
| NCZ001 | 498 | 499 | 1.00 | 0.20 | 0.04 | 0.03 | 1.3 | 0.052 | 0.23% |
| NCZ001 | 499 | 500 | 1.00 | 0.06 | 0.01 | 0.01 | 0.5 | 0.016 | 0.07% |
| NCZ001 | 500 | 501 | 1.00 | 0.12 | 0.02 | 0.01 | 0.6 | 0.021 | 0.13% |
| NCZ001 | 501 | 502 | 1.00 | 0.11 | 0.07 | 0.02 | 1.6 | 0.093 | 0.17% |
| NCZ001 | 502 | 503 | 1.00 | 0.08 | 0.34 | 0.08 | 2.2 | 0.096 | 0.24% |
| NCZ001 | 503 | 504 | 1.00 | 0.23 | 0.69 | 0.12 | 4.2 | 0.127 | 0.51% |
| NCZ001 | 504 | 505 | 1.00 | 0.11 | 0.81 | 0.13 | 5.3 | 0.187 | 0.47% |
| NCZ001 | 505 | 506 | 1.00 | 0.22 | 0.57 | 0.08 | 9.5 | 0.266 | 0.55% |
| NCZ001 | 506 | 507 | 1.00 | 0.64 | 0.20 | 0.02 | 4.3 | 0.19 | 0.76% |
| NCZ001 | 507 | 508 | 1.00 | 0.23 | 0.38 | 0.06 | 4.1 | 0.216 | 0.45% |
| NCZ001 | 508 | 509 | 1.00 | 0.22 | 0.54 | 0.12 | 6.2 | 0.235 | 0.52% |
| NCZ001 | 509 | 510 | 1.00 | 0.27 | 1.11 | 0.24 | 5.8 | 0.266 | 0.76% |
| NCZ001 | 510 | 511 | 1.00 | 0.41 | 1.28 | 0.37 | 8.1 | 0.425 | 1.04% |
| NCZ001 | 511 | 512 | 1.00 | 1.19 | 7.34 | 3.19 | 21.3 | 0.782 | 4.27% |
| NCZ001 | 512 | 513 | 1.00 | 2.50 | 2.07 | 0.54 | 30.2 | 1.41 | 3.78% |
| NCZ001 | 513 | 514 | 1.00 | 0.45 | 0.06 | 0.07 | 3.3 | 0.082 | 0.51% |
| NCZ001 | 514 | 515 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | 0.008 | 0.02% |
| NCZ001 | 515 | 516 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 516 | 517 | 1.00 | 0.14 | 0.07 | 0.06 | 0.6 | 0.006 | 0.17% |
| NCZ001 | 517 | 518 | 1.00 | 0.05 | 0.22 | 0.03 | 0.7 | 0.016 | 0.12% |
| NCZ001 | 518 | 519 | 1.00 | 0.02 | 0.06 | 0.02 | 0.6 | 0.01 | 0.05% |
| NCZ001 | 519 | 520 | 1.00 | 0.07 | 0.01 | 0.00 | <0.5 | 0.006 | 0.07% |
| NCZ001 | 520 | 521 | 1.00 | 0.02 | 0.01 | 0.00 | <0.5 | 0.006 | 0.03% |
| NCZ001 | 521 | 522 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | 0.005 | 0.01% |
| NCZ001 | 522 | 523 | 1.00 | 1.80 | 0.03 | 0.05 | 5.6 | 0.029 | 1.74% |
| NCZ001 | 523 | 524 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 524 | 525 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 525 | 526 | 1.00 | 0.21 | 0.02 | 0.01 | 1.0 | 0.011 | 0.22% |
| NCZ001 | 526 | 527 | 1.00 | 1.23 | 0.02 | 0.01 | 4.3 | 0.022 | 1.18% |
| NCZ001 | 527 | 528 | 1.00 | 0.21 | 0.04 | 0.02 | 1.8 | 0.041 | 0.24% |
| NCZ001 | 528 | 529 | 1.00 | 0.01 | 0.08 | 0.16 | 1.1 | 0.011 | 0.08% |
| NCZ001 | 529 | 530 | 1.00 | 0.28 | 0.02 | 0.02 | 1.0 | 0.008 | 0.28% |
| NCZ001 | 530 | 531 | 1.00 | 0.01 | 0.05 | 0.01 | <0.5 | 0.29 | 0.14% |
| NCZ001 | 531 | 532 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 532 | 533 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | 0.005 | 0.01% |
| NCZ001 | 533 | 534 | 1.00 | 0.01 | 0.35 | 0.59 | 4.5 | 0.021 | 0.25% |
| NCZ001 | 534 | 535 | 1.00 | 0.00 | 0.01 | 0.01 | <0.5 | 0.005 | 0.01% |
| NCZ001 | 535 | 536 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | 0.013 | 0.01% |
| NCZ001 | 536 | 537 | 1.00 | 0.06 | 0.01 | 0.00 | <0.5 | <0.005 | 0.06% |
| NCZ001 | 537 | 538 | 1.00 | 0.24 | 0.11 | 0.02 | 0.7 | 0.027 | 0.28% |
| NCZ001 | 538 | 539 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | 0.02 | 0.02% |
| NCZ001 | 539 | 540 | 1.00 | 0.04 | 0.01 | 0.01 | 0.8 | 0.032 | 0.06% |
| NCZ001 | 540 | 541 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 541 | 542 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 542 | 543 | 1.00 | 0.02 | 0.01 | 0.00 | <0.5 | <0.005 | 0.02% |
| NCZ001 | 543 | 544 | 1.00 | 0.06 | 0.01 | 0.00 | <0.5 | <0.005 | 0.06% |
| NCZ001 | 544 | 545 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 545 | 546 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 546 | 547 | 1.00 | 0.00 | 0.03 | 0.01 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 547 | 548 | 1.00 | 0.07 | 0.02 | 0.01 | 0.7 | <0.005 | 0.08% |
| NCZ001 | 548 | 549 | 1.00 | 0.04 | 0.02 | 0.00 | <0.5 | <0.005 | 0.04% |
| NCZ001 | 549 | 550 | 1.00 | 0.04 | 0.01 | 0.00 | <0.5 | <0.005 | 0.04% |
| NCZ001 | 550 | 551 | 1.00 | 0.10 | 0.01 | 0.00 | <0.5 | <0.005 | 0.10% |
| NCZ001 | 551 | 552 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 552 | 553 | 1.00 | 0.10 | 0.02 | 0.01 | 1.1 | <0.005 | 0.11% |
| NCZ001 | 553 | 554 | 1.00 | 0.21 | 0.01 | 0.01 | 2.0 | <0.005 | 0.22% |
| NCZ001 | 554 | 555 | 1.00 | 0.08 | 0.01 | 0.00 | <0.5 | <0.005 | 0.08% |
| NCZ001 | 555 | 556 | 1.00 | 0.48 | 0.01 | 0.01 | 1.4 | <0.005 | 0.46% |
| NCZ001 | 556 | 557 | 1.00 | 0.29 | 0.01 | 0.00 | 0.6 | <0.005 | 0.28% |
| NCZ001 | 557 | 558 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 558 | 559 | 1.00 | 0.13 | 0.04 | 0.04 | <0.5 | <0.005 | 0.14% |
| NCZ001 | 559 | 560 | 1.00 | 1.82 | 0.02 | 0.01 | 2.8 | <0.005 | 1.71% |
| NCZ001 | 560 | 561 | 1.00 | 0.32 | 0.01 | 0.00 | <0.5 | 0.009 | 0.31% |
| NCZ001 | 561 | 562 | 1.00 | 0.49 | 0.02 | 0.01 | 1.7 | 0.02 | 0.48% |
| NCZ001 | 562 | 563 | 1.00 | 1.98 | 0.03 | 0.01 | 3.7 | 0.021 | 1.88% |
| NCZ001 | 563 | 564 | 1.00 | 2.77 | 0.02 | 0.01 | 3.3 | 0.023 | 2.61% |
| NCZ001 | 564 | 565 | 1.00 | 3.43 | 0.02 | 0.01 | 4.0 | 0.045 | 3.24% |
| NCZ001 | 565 | 566 | 1.00 | 1.02 | 0.02 | 0.01 | 1.8 | 0.016 | 0.97% |
| NCZ001 | 566 | 567 | 1.00 | 0.35 | 0.03 | 0.01 | 1.3 | 0.015 | 0.35% |
| NCZ001 | 567 | 568 | 1.00 | 0.02 | 0.02 | 0.01 | 0.5 | 0.01 | 0.04% |
| NCZ001 | 568 | 569 | 1.00 | 0.37 | 0.06 | 0.02 | 1.4 | 0.031 | 0.39% |
| NCZ001 | 569 | 570 | 1.00 | 5.83 | 0.04 | 0.04 | 5.6 | 0.042 | 5.49% |
| NCZ001 | 570 | 571 | 1.00 | 6.81 | 0.02 | 0.00 | 6.4 | 0.033 | 6.39% |
| NCZ001 | 571 | 572 | 1.00 | 2.82 | 0.01 | 0.00 | 2.4 | 0.018 | 2.65% |
| NCZ001 | 572 | 573 | 1.00 | 5.46 | 0.01 | 0.00 | 4.8 | 0.026 | 5.12% |
| NCZ001 | 573 | 574 | 1.00 | 1.21 | 2.08 | 0.84 | 3.1 | 0.029 | 1.91% |
| NCZ001 | 574 | 575 | 1.00 | 0.77 | 0.02 | 0.02 | 1.0 | 0.008 | 0.73% |
| NCZ001 | 575 | 576 | 1.00 | 1.95 | 1.90 | 0.68 | 3.6 | 0.022 | 2.52% |
| NCZ001 | 576 | 577 | 1.00 | 2.34 | 11.35 | 4.67 | 14.5 | 0.141 | 6.47% |
| NCZ001 | 577 | 578 | 1.00 | 3.29 | 4.19 | 1.67 | 8.6 | 0.207 | 4.72% |
| NCZ001 | 578 | 579 | 1.00 | 2.44 | 14.50 | 6.51 | 11.4 | 0.083 | 7.78% |
| NCZ001 | 579 | 580 | 1.00 | 3.27 | 18.45 | 9.66 | 13.3 | 0.075 | 10.29% |
| NCZ001 | 580 | 581 | 1.00 | 1.45 | 8.70 | 5.08 | 5.8 | 0.036 | 4.86% |
| NCZ001 | 581 | 582 | 1.00 | 0.03 | 0.04 | 0.02 | 0.7 | 0.01 | 0.05% |
| NCZ001 | 582 | 583 | 1.00 | 0.01 | 0.04 | 0.02 | 0.6 | 0.008 | 0.03% |
| NCZ001 | 583 | 584 | 1.00 | 0.01 | 0.02 | 0.00 | <0.5 | 0.005 | 0.02% |
| NCZ001 | 584 | 585 | 1.00 | 0.02 | 0.02 | 0.00 | <0.5 | 0.013 | 0.03% |
| NCZ001 | 585 | 586 | 1.00 | 0.40 | 2.43 | 1.42 | 7.7 | 0.012 | 1.40% |
| NCZ001 | 586 | 587 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 587 | 588 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 588 | 589 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 589 | 590 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 590 | 591 | 1.00 | 0.00 | 0.02 | 0.01 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 591 | 592 | 1.00 | 0.00 | 0.00 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 592 | 593 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 593 | 594 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 594 | 595 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 595 | 596 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 596 | 597 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 597 | 598 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 598 | 599 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 599 | 600 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 600 | 601 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 601 | 602 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 602 | 603 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 603 | 604 | 1.00 | 0.00 | 0.01 | 0.00 | <0.5 | <0.005 | 0.00% |
| NCZ001 | 604 | 605 | 1.00 | 0.01 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 605 | 606 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 606 | 607 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 607 | 608 | 1.00 | 0.16 | 0.01 | 0.00 | <0.5 | <0.005 | 0.15% |
| NCZ001 | 608 | 609 | 1.00 | 0.01 | 0.01 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 609 | 610 | 1.00 | 0.00 | 0.02 | 0.00 | <0.5 | <0.005 | 0.01% |
| NCZ001 | 610 | 611 | 1.00 | 0.10 | 0.02 | 0.00 | <0.5 | <0.005 | 0.10% |
| NCZ001 | 611 | 612 | 1.00 | 0.33 | 0.02 | 0.00 | <0.5 | <0.005 | 0.31% |
| NCZ001 | 612 | 613 | 1.00 | 0.58 | 0.03 | 0.02 | 0.5 | <0.005 | 0.55% |
| NCZ001 | 613 | 614 | 1.00 | 0.54 | 0.02 | 0.01 | <0.5 | <0.005 | 0.51% |
| NCZ001 | 614 | 615 | 1.00 | 0.04 | 0.01 | 0.00 | <0.5 | <0.005 | 0.04% |
| NCZ001 | 615 | 616 | 1.00 | 0.05 | 0.00 | 0.00 | <0.5 | <0.005 | 0.04% |
| Total | 276.40 | ||||||||
* 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))
Zn equivalent calculated using following commodity prices: Zn – US$3350/t, Cu – US$9523/t, Pb – US$2292/t, Ag – US$25.50/oz & Au – US$1850/oz
Zn Equivalent calculated using following recovery assumptions for Northern Copper Zone: Zn – 82%, Cu – 93%, Pb – 78%, Ag – 72% & Au -65%
Sample analysis and QA/QC
All samples generated from the drilling were dispatched to ALS Loughrea, Ireland.
Samples were analysed 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 Geostats Pty Ltd, Ore Research & Exploration Pty Ltd, OREAS and Natural Resources Canada.
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 Mining is traded on the AIM market of the London Stock Exchange and currently has 420,093,017 ordinary shares on issue.
Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au 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 a49.75% interest in the Grängesberg Iron project in Sweden, together with management rights. Anglesey also holds 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
Anglesey Mining #AYM – Developing the Parys Mountain Project in 2024
In this exclusive, full length interview, Anglesey Mining #AYM director Jo Battershill discusses the illustrious history of the Parys Mountain project in Anglesey and looks at the plans to develop the project in 2024. The interview covers:
- Current drilling campaign and pre assay core assessment at the Northern copper Zone
- ‘Unusually Conservative’ PEA numbers
- The project’s clean tech metal profile
- Future Opportunities and Peer Group comparisons
- Stakes held in Grangesberg Iron Ore Project and Labrador Iron Mines
- Near term milestones and next steps
Anglesey Mining #AYM – Half yearly report for the six months to 30 September 2023
Chairman’s Statement and Management Report
During the reporting period significant advances were made at the company’s key asset, Parys Mountain, with the following developments:
- Submission of the Pre-Application Inquiry to the North Wales Mineral Planning Authority and hosting an on-site hearing for over 20 statutory consultee groups.
- Further resource update work for the Morfa Dhu zone (White Rock and Engine Zone) with 93% of the contained resources now being in the Measured and Indicated categories.
- Commencement of confirmatory metallurgical test work and pre-concentration trade-off with 340kg of Morfa Dhu material sent to Grinding Solutions Limited. Preliminary results were received subsequent to the end of the period with overall recoveries either in-line or better than those received from previous test work.
- Detailing the planned drilling programme for the Northern Copper Zone, the first drilling of this high potential area since 1972. Drilling recommenced in October 2023 and the first hole was completed on 11 December at a depth of 635 metres. Visual logging of the core suggests two zones of sulphide mineralisation were intersected with the Northern Copper Zone interpreted to be between 351 – 540 metres and a second zone, potentially the Garth Daniel Zone, between 560 – 586 metres (all downhole depths). As expected, the interpreted Northern Copper Zone has varying levels of sulphide accumulation. The lower zone of sulphide accumulation between 560 – 586 metres demonstrates areas with very high levels of chalcopyrite. A first batch of samples will be dispatched to the assay laboratory prior to Christmas with results expected in Q1 2024.
Progress at the 49.75% owned Grängesberg iron ore project in Sweden included ongoing discussions with potential development partners and the commencement of planning for the environmental baseline gap analysis with a locally based consulting group, as was recommended in the Pre-Feasibility Study Update.
Board of Directors and Management
Following the resignation of Jo Battershill and the results of the annual general meeting held in late October 2023 the company is actively engaged in the search for a new Chief Executive Officer and Non-Executive Chairman. We are very pleased that Jo Battershill has agreed to remain on the board as a non-executive director.
Financial
The group had no revenue for the period. The loss for the six months to 30 September 2023 was £604,787 (2022 comparative period £468,656) and expenditure on the mineral properties in the period was £174,748 compared to £320,887 in the same period in 2022. This reduction was primarily due to a cessation in Parys Mountain drilling activity.
Net current assets as at 30 September 2023 were £711,635 compared to £86,781 as at 31 March 2023 with the increase being due to equity private placements in May and July 2023, which raised a total of £1.5 million to fund current operations.
Summary
We continue to firmly believe that Anglesey Mining is in a good position to advance its two key assets at Parys Mountain and Grängesberg over the next year.
At Parys Mountain, drilling of the Northern Copper Zone is expected to generate strong results leading to the conversion of significant areas of the resource from the Inferred category through into the higher confidence Indicated category. From a development study perspective, it is important that the Northern Copper Zone is upgraded to the Indicated resource category as this will allow the incorporation of this zone into any potential mineral reserve. Metallurgical test work will also be required on the Northern Copper Zone to confirm the +93% recoveries demonstrated by the original test work completed in 1969 at the Lakefield Plant in Ontario, Canada. As suggested in the initial review of the Northern Copper Zone in 2022, we believe that the system could be significantly larger than currently modelled, although this will require additional drilling to test prospective areas.
At Grängesberg, we continue to explore options to advance the project. This initially requires finalising some of the recommendations from the preliminary feasibility study update, including baseline studies for the environmental impact assessment and updating the mining reserve to include some improvements to the proposed mine plan. We are also exploring a number of options to optimise the ownership structure of Grängesberg Iron AB following our acquisition of an additional 29.8% stake in February 2023.
Outlook
Persistent global uncertainties and difficult financial markets have resulted in challenging conditions in which to operate. However, we continue to be encouraged by growing investor interest in Anglesey Mining which was demonstrated by the successful raising of £1.5 million during the reporting period. We believe that investors are finally recognising the progress made over the last two years after a period of relative inactivity.
Over the course of the next year, we look forward to advancing the Parys Mountain project and to optimising the ownership and potential of the Grängesberg iron ore project.
In closing, on behalf of the board of directors, I would like to thank our shareholders for their ongoing support, and to confirm that I remain very confident that the assets held by Anglesey Mining will deliver significant value as they continue to be progressed over the next year.
Andrew King
Interim Chairman
19 December 2023
Link here to view the full financial statements