Anglesey Mining PLC Further strong assays from Parys Mountain drilling
15 Juillet 2022 - 8:00AM
UK Regulatory
TIDMAYM
AIM: AYM
15th July 2022
Anglesey Mining plc
("Anglesey" or "the Company")
Further strong assay results from Parys Mountain drilling
Anglesey Mining plc (AIM:AYM), the UK minerals development company, continues
to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS
project on the Isle of Anglesey in North West Wales and its Grängesberg iron
ore project in Sweden.
Following the announcement released by the Company on 14th June regarding
initial assay results, Anglesey is now pleased to announce that the second
round of assay results have been received from an additional three holes of the
recent infill drilling programme at Parys Mountain.
Parys Mountain Cu-Zn-Pb-Ag-Au Project
* All three holes recorded multiple broad intercepts and continue to
highlight that the White Rock deposit is an extensive mineralised system.
* Significant intersections include:
+ 9.0m at 4.9% Zn, 3.1% Pb, 0.2% Cu, 24g/t Ag & 0.3g/t Au (WD-20 from
133.5m) including
o 6.0m at 6.3% Zn, 4.0% Pb, 0.2% Cu, 25g/t Ag & 0.3g/t Au
+ 11.0m at 3.7% Zn, 2.3% Pb, 0.2% Cu, 27g/t Ag & 0.3g/t Au (WD-20 from
146.5m) including
o 4.0m at 5.6% Zn, 3.8% Pb, 0.3% Cu, 43g/t Ag & 0.3g/t Au
+ 1.04m at 8.5% Zn, 5.3% Pb, 1.0% Cu, 27g/t Ag & 0.3g/t Au (WD-21 from
195m)
+ 12.74m at 3.7% Zn, 1.9% Pb, 0.2% Cu, 22g/t Ag & 0.6g/t Au (WD-21 from
204.5m)
+ 5.4m at 3.3% Zn, 1.8% Pb, 0.2% Cu, 53g/t Ag & 0.6g/t Au (WD-22 from
147.3m)
+ 12.8m at 3.0% Zn, 1.3% Pb, 0.2% Cu, 51g/t Ag & 0.5g/t Au (WD-22 from
167.9m) including
o 4.2m at 5.6% Zn, 2.5% Pb, 0.4% Cu, 95g/t Ag & 0.8g/t Au
* The final two holes of the programme are being logged for additional data
to assist with geotechnical domain modelling, which will be utilised in the
underground mine design optimisation. Once logged, they will be sampled and
dispatched for assaying.
* Over the next month, samples will be selected for the metallurgical
testwork programme, which will include both Dense Media Separation and XRT
ore sorting pre-concentration studies. Historical pre-concentration studies
have demonstrated a 40% mass rejection of waste with only 3-5% metal
losses.
Jo Battershill, Chief Executive of Anglesey Mining, commented: "The intention
of this programme was to increase the amount of resources in the Indicated
category for the White Rock deposit, which stood at 4.7Mt, or 79%, prior to
commencing the drilling. Given the results, we are very confident that a
significant portion of the currently Inferred material will be upgraded to
Indicated. The importance of this should not be discounted given Inferred
resources are not permitted to be included in reserve estimates."
"The next stage of this programme is to conduct pre-concentration studies on
representative samples from areas that are likely to be mined. The ability to
selectively remove the unmineralized material would have significant economic
ramifications for the development studies."
"In other areas, we continue to progress the ecological surveys required for
the environmental baseline work and we will soon commence the initial tailings
management and design studies. Both of these aspects are critical to
progressing Parys Mountain through the permitting phase. Meanwhile, work on
planning the Northern Copper Zone infill drilling programme, scheduled for
later in the year, is progressing. As part of this process, the team is
currently reviewing the historical drilling and resource model with the aim of
optimising the infill drilling in the zones closest to surface as these could
have the most immediate impact on the mine design and production schedule."
Drill hole details
Hole ID Co-ordinates Elevation Azimuth Dip End of Hole
(E) (m) (°) (°) (m)
(N)
AMC-26 43289 90287 115 248 -63 303
WD-16 43154 90228 98 126 -65 179.6
WD-17 43170 90198 103 126 -65 124
WD-18 43154 90304 96 126 -65 218
WD-19 43154 90304 96 123 -50 201
WD-20 43167 90334 96 116 -52 206.5
WD-21 43167 90334 96 126 -65 224.5
WD-22 43209 90385 94 115 -55 191
WD-23 43209 90383 94 140 -73 243
WD-24 43172 90194 102 90 -88 331.5
Reported Assays
The following tables report the assay results form Holes WD-20, WD-21 and
WD-22. Assay results from other holes previously reported See Anglesey RNS
dated 14 June 2022.
Hole From To Sample Assays
Number Length
(m) (m) (m) Cu Zn Pb Ag Au ZnEq
(%) (%) (%) (g/t) (%)*
(g/t)
WD-20 96.13 97.13 1.00 0.04 0.51 0.32 6.3 0.114 0.90%
WD-20 97.13 98.13 1.00 0.07 1.60 1.17 10.4 0.1 2.42%
WD-20 98.13 99.13 1.00 0.14 3.75 0.80 10.8 0.167 4.13%
WD-20 99.13 100.13 1.00 0.05 1.44 0.32 4.5 0.072 1.60%
WD-20 100.13 101.13 1.00 0.01 0.04 0.02 2.7 0.101 0.22%
WD-20 101.13 102.13 1.00 0.04 0.38 0.20 3.1 0.097 0.64%
WD-20 102.13 103.13 1.00 0.04 0.29 0.20 4.4 0.076 0.57%
WD-20 103.13 104.13 1.00 0.03 0.41 0.20 4 0.116 0.69%
WD-20 104.13 105.13 1.00 0.04 0.05 0.04 4.1 0.133 0.33%
WD-20 105.13 106.13 1.00 0.32 2.25 1.11 38 0.217 3.88%
WD-20 106.13 107.13 1.00 0.23 1.60 0.53 24.6 0.109 2.50%
WD-20 107.13 108.83 1.70 0.07 0.09 0.06 7.2 0.054 0.39%
WD-20 133.46 134.46 1.00 0.44 5.29 3.44 41.4 0.287 8.13%
WD-20 134.46 135.46 1.00 0.16 0.93 0.45 17.2 0.292 1.87%
WD-20 135.46 136.46 1.00 0.03 0.04 0.04 12 0.201 0.52%
WD-20 136.46 137.46 1.00 0.31 7.77 4.75 23.6 0.242 10.43%
WD-20 137.46 138.46 1.00 0.21 7.23 4.99 39 0.258 10.31%
WD-20 138.46 139.46 1.00 0.22 6.80 3.07 18 0.212 8.33%
WD-20 139.46 140.46 1.00 0.21 5.67 3.45 20.2 0.214 7.68%
WD-20 140.46 141.46 1.00 0.15 4.19 2.60 20.1 0.273 5.90%
WD-20 141.46 142.46 1.00 0.25 5.90 4.86 27.9 0.273 9.00%
WD-20 142.46 143.46 1.00 0.10 0.09 0.04 6.9 0.105 0.48%
WD-20 143.46 144.46 1.00 0.09 0.43 0.18 10.8 0.162 0.94%
WD-20 144.46 145.46 1.00 0.06 0.25 0.08 9.5 0.155 0.67%
WD-20 145.46 146.46 1.00 0.05 1.58 0.75 11.1 0.148 2.19%
WD-20 146.46 147.46 1.00 0.06 1.83 1.56 18.7 0.35 3.26%
WD-20 147.46 148.46 1.00 0.22 6.01 4.08 43 0.201 8.77%
WD-20 148.46 149.46 1.00 0.19 4.56 3.01 41.3 0.417 7.05%
WD-20 149.46 150.46 1.00 0.30 5.24 3.48 43.3 0.253 7.92%
WD-20 150.46 151.46 1.00 0.22 6.67 4.44 44.6 0.251 9.61%
WD-20 151.46 153.46 2.00 0.12 3.54 1.91 19.3 0.189 4.79%
WD-20 153.46 155.46 2.00 0.16 2.20 0.84 16.4 0.235 3.08%
WD-20 155.46 157.46 2.00 0.13 2.32 1.71 17 0.409 3.87%
WD-20 164.75 166.75 2.00 0.10 1.44 0.67 10.2 0.317 2.25%
WD-20 166.75 168.75 2.00 0.10 1.48 0.59 17 0.344 2.38%
WD-20 168.7 170.7 2.00 0.11 1.10 0.49 9.8 0.246 1.78%
WD-20 170.7 172.7 2.00 0.07 0.81 0.48 10 0.223 1.47%
WD-20 173.5 174.7 1.20 0.06 1.78 0.62 8.4 0.237 2.31%
WD-20 174.7 176.7 2.00 0.10 1.59 0.76 15.8 0.341 2.54%
WD-20 176.7 178.7 2.00 0.07 0.64 0.31 10.9 0.198 1.21%
WD-20 178.7 180.7 2.00 0.07 0.66 0.32 11.4 0.264 1.31%
WD-20 180.7 182.7 2.00 0.07 0.94 0.44 12 0.209 1.58%
WD-20 182.7 184.7 2.00 0.07 0.61 0.24 9.3 0.256 1.17%
WD-20 184.7 186.7 2.00 0.07 0.35 0.14 12.6 0.286 1.00%
WD-20 186.7 188.7 2.00 0.05 0.70 0.32 10.8 0.299 1.34%
WD-20 188.7 190.7 2.00 0.04 0.39 0.23 9.8 0.22 0.92%
WD-20 190.7 192.7 2.00 0.12 0.86 0.35 17.4 0.433 1.85%
WD-20 192.7 194.7 2.00 0.10 0.78 0.24 9 0.438 1.54%
WD-20 194.7 196.7 2.00 0.22 1.57 0.59 14.4 0.444 2.66%
WD-20 196.7 197.94 1.24 0.09 1.50 0.76 14.1 0.471 2.57%
Total 69.14m
WD-21 164.31 165.31 1.00 0.68 0.47 0.36 26.6 0.2 2.21%
WD-21 165.31 166.27 0.96 1.66 4.09 3.17 57.9 0.391 9.03%
WD-21 166.27 167.27 1.00 0.02 0.01 0.02 3 0.123 0.24%
WD-21 167.27 168.14 0.87 0.36 0.11 0.28 21 0.234 1.37%
WD-21 174.48 175.48 1.00 0.37 2.43 0.62 12.7 0.153 3.26%
WD-21 175.48 176.5 1.02 0.17 1.62 0.55 5.6 0.135 2.14%
WD-21 189.68 191.68 2.00 0.04 0.30 0.14 4.7 0.201 0.68%
WD-21 191.68 193.68 2.00 0.05 0.61 0.25 6.8 0.327 1.19%
WD-21 193.68 194.99 1.31 0.12 0.44 0.22 11.2 0.385 1.26%
WD-21 194.99 196.03 1.04 0.99 8.49 5.32 27 0.316 12.43%
WD-21 196.03 198.03 2.00 0.11 1.39 0.87 9 0.316 2.31%
WD-21 198.03 198.81 0.78 0.05 0.16 0.11 6.7 0.401 0.81%
WD-21 201.54 202.54 1.00 0.23 0.64 0.45 19.4 0.394 1.87%
WD-21 202.54 204.54 2.00 0.07 0.37 0.23 12.8 0.735 1.53%
WD-21 204.54 206.28 1.74 0.06 1.11 0.52 16.8 0.866 2.51%
WD-21 206.28 207.28 1.00 0.47 5.55 3.37 29.6 0.462 8.30%
WD-21 207.28 208.28 1.00 0.52 7.17 3.52 16.4 0.249 9.33%
WD-21 208.28 209.28 1.00 0.21 4.62 2.18 19.2 0.495 6.29%
WD-21 209.28 210.28 1.00 0.18 3.14 1.82 20.6 0.48 4.81%
WD-21 210.28 211.28 1.00 0.08 2.01 0.99 9.5 0.24 2.80%
WD-21 211.28 212.28 1.00 0.10 2.65 1.50 19.9 0.54 4.16%
WD-21 212.28 213.28 1.00 0.13 3.03 1.54 17.4 0.536 4.49%
WD-21 213.28 214.28 1.00 0.34 5.25 2.79 42.5 1.31 8.62%
WD-21 214.28 215.28 1.00 0.29 4.93 2.33 28.8 0.851 7.29%
WD-21 215.28 216.28 1.00 0.22 3.92 1.86 17.8 0.459 5.46%
WD-21 216.28 217.28 1.00 0.32 3.02 1.52 27.2 0.557 4.93%
WD-21 217.28 218.36 1.08 0.07 0.53 0.24 14 0.346 1.30%
Total 31.80m
WD-22 123.66 124.56 0.90 0.21 3.86 1.83 42.2 0.32 5.69%
WD-22 126.16 127.16 1.00 0.12 2.39 0.99 43.1 0.321 3.86%
WD-22 127.16 128.57 1.41 0.22 3.53 1.39 85.7 0.742 6.39%
WD-22 129.72 130.71 0.99 0.10 2.84 1.12 44 0.501 4.48%
WD-22 131.82 133.82 2.00 0.18 2.56 1.03 68 0.415 4.65%
WD-22 133.82 134.23 0.41 0.13 4.09 1.64 52.7 0.675 6.22%
WD-22 134.23 136.08 1.85 0.17 2.17 0.87 38.7 0.366 3.64%
WD-22 136.51 138.51 2.00 0.17 2.78 1.17 38.5 0.37 4.32%
WD-22 138.51 138.97 0.46 0.25 2.35 0.94 36.4 0.505 4.03%
WD-22 140.19 140.81 0.62 0.13 2.44 0.98 41 0.488 4.04%
WD-22 141.81 143 1.19 0.18 2.18 0.86 47.2 0.609 4.05%
WD-22 143.4 145.41 2.01 0.19 1.89 0.72 36 0.346 3.26%
WD-22 146 146.84 0.84 0.20 2.81 1.11 61 0.515 4.91%
WD-22 147.27 149 1.73 0.12 3.27 0.89 45.8 0.531 4.78%
WD-22 149 149.63 0.63 0.95 10.10 9.61 92.9 0.783 18.06%
WD-22 149.63 150.63 1.00 0.15 1.33 0.55 33.7 0.477 2.74%
WD-22 150.63 151.63 1.00 0.08 2.30 0.89 51.8 0.571 4.08%
WD-22 151.63 152.63 1.00 0.16 2.22 0.87 59.4 0.681 4.36%
WD-22 152.63 153.63 1.00 0.07 0.81 0.36 29.7 0.337 1.87%
WD-22 153.63 154.63 1.00 0.03 0.31 0.12 9.8 0.175 0.73%
WD-22 154.63 155 0.37 0.13 0.92 0.33 22.6 0.327 1.88%
WD-22 155 155.38 0.38 0.33 0.88 0.41 66.5 0.506 3.17%
WD-22 155.38 156.38 1.00 0.14 0.96 0.38 32.5 0.435 2.25%
WD-22 156.38 157.55 1.17 0.28 1.22 0.50 63.4 0.434 3.29%
WD-22 158.4 159.19 0.79 0.09 0.78 0.32 25.2 0.319 1.75%
WD-22 161.69 163.07 1.38 0.08 0.91 0.35 16.3 0.186 1.56%
WD-22 163.31 164.99 1.68 0.09 0.65 0.25 16.7 0.208 1.33%
WD-22 165.87 167.87 2.00 0.32 1.07 0.39 19.2 0.22 2.12%
WD-22 167.87 169.87 2.00 0.14 1.17 0.50 19.9 0.287 2.12%
WD-22 169.87 170.53 0.66 0.26 3.65 1.57 30.4 0.389 5.27%
WD-22 170.53 171.53 1.00 0.06 0.82 0.34 12.5 0.185 1.38%
WD-22 171.53 173 1.47 0.13 2.14 0.90 32.8 0.601 3.70%
WD-22 173 175 2.00 0.11 0.92 0.40 24 0.25 1.85%
WD-22 175 176.47 1.47 0.34 2.87 1.14 53.7 0.372 4.89%
WD-22 176.47 177.47 1.00 0.43 6.21 2.66 108 0.537 9.86%
WD-22 177.47 178.47 1.00 0.20 3.39 1.45 53.4 0.526 5.47%
WD-22 178.47 179.47 1.00 0.36 6.46 3.12 98.4 1.135 10.69%
WD-22 179.47 180.7 1.23 0.55 6.33 2.85 116 0.887 10.74%
Total 44.64m
* Zinc Equivalent (ZnEq %) = Zn grade % * Zn Recovery + (Cu grade % * Cu
Recovery * (Cu price $/t / Zn price $/t)) + (Pb grade % * Pb Recovery * (Pb
price $/t / Zn price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $
/oz / Zn price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price $/oz /
Zn price $/t))
Zn equivalent calculated using following commodity prices: Zn - US$1.25/lb, Cu
- US$3.50/lb, Pb - US$1.00/lb, Ag - US$22.50/oz & Au - US$1750/oz
Zn Equivalent calculated using following recovery assumptions for White Rock
deposit: Zn - 82%, Cu - 48%, Pb - 78%, Ag - 70% & Au -50%
Sample analysis and QA/QC
All samples generated from the drilling were dispatched to ALS Loughrea.
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., MIMMM 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 280,175,721 ordinary shares on issue.
Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au deposit in
North Wales, UK with a 2020 reported resource of 5.2 million tonnes at 4.3%
combined base metals in the Indicated category and 11.7 million tonnes at 2.8%
combined base metals in the Inferred category.
Anglesey holds an almost 20% interest in the Grangesberg Iron project in
Sweden, together with management rights and a right of first refusal to
increase its interest to 70%. 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
Jo Battershill, Chief Executive - Tel: +44 (0)7540 366000
John Kearney, Chairman - Tel: +1 416 362 6686
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Lauren O'Sullivan - Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell - Tel: +44 (0) 207 220 1666
Canaccord Genuity Limited
Joint Corporate Broker
James Asensio / Harry Rees - Tel: +44 (0) 20 7523 8000
Scout Advisory Limited
Investor Relations Consultant
Sean Wade - Tel: +44 (0) 7464 609025
LEI: 213800X8BO8EK2B4HQ71
END
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