Anglesey Mining restarts diamond drilling at Parys Mountain
Source - SMW
Anglesey Mining has restarted diamond drilling at Parys Mountain in a programme designed to identify the extent of near surface locations of the Engine zone mineralisation.
Parys Mountain which is 100% owned by Anglesey is a copper-zinc-lead project with historical resources currently in excess of 7 million tonnes at over 9% combined metal.
An induced polarisation geophysical survey and an associated deep overburden geochemical survey were conducted during December.
The results of these surveys have now been received and analysed and have provided good guidance for the location of holes for the on-going drilling programme.
The first hole in the initial stage of drilling has now commenced and is progressing satisfactorily.
This hole has a target depth of 220 to 250 metres.
The initial stage will consist of four holes totalling in excess of 800 metres of drilling and is expected to be completed in five to six weeks.
Subject to results obtained from these first holes it is planned to drill a further six to eight holes for an additional 1,200 metres of drilling.
These second stage shallower holes are likely to be located between the current holes and the target area identified from the IP and DOB surveys.
The drilling is targeting the potential sub-outcrop location of the Engine zone mineralisation which has been shown to be a major resource bearing structure around the bottom of the Morris Shaft at some 300 to 400 metres below surface.
Previous exploration particularly during the last drilling programme at Parys Mountain in 2007 and 2008 traced the Engine zone upwards to a depth of about 200 metres.
At 8:28am: (LON:AYM) Anglesey Mining share price was +1.25p at 29.5p