LIM commences exploration programme


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
13 June 2012 
 
Labrador Iron Mines Commences 2012 Exploration Programme 
 
Drill programs designed to expand and extend resources 
 
Anglesey Mining's 26% owned associate Labrador Iron Mines Holdings Limited 
("LIM") (TSX: LIM) is pleased to announce that its exploration field crew has 
been mobilized at properties in Labrador and Quebec to launch the 2012 
exploration programme. 
 
Exploration Programme Objectives 
 
The main objectives of the 2012 exploration programme are to: 
 
  * convert historic resources to National Instrument (NI) 43-101 compliant 
    mineral resources, which includes drilling at Houston (currently 22.9 
    million tonnes of Measured and Indicated mineral resources - see press 
    release dated May 31, 2012), Gill, Malcolm and other nearby deposits, 
    selected on a priority basis to support strategic planning. 
 
  * acquire geological information to support ongoing geotechnical, 
    metallurgical and hydrogeological interpretations required for detailed 
    mine planning. 
 
  * delineate historic crushed stockpiles as part of its evaluation as 
    potential process feed sources for the Silver Yards plant. 
 
  * drill test taconite targets identified in 2011: an initial diamond drill 
    programme (2,400 m) will target taconite iron mineralization in both Quebec 
    and Labrador. 
 
  * evaluate historical manganese deposits, which will include exploration work 
    and metallurgical testing. 
 
An exploration budget of $8.6 million has been approved for 2012, comprising 
11,280 metres (m) of drilling and 3,600 m of trenching, supported by 
geophysics, in 12 target areas. This represents the largest exploration effort 
ever undertaken by LIM. 
 
Commenting on the 2012 exploration programme, Rod Cooper, LIM's President and 
COO, said, "We are extremely excited with this year's exploration programme, 
which is significantly larger than any previous programme executed by LIM and 
is designed to contribute to the strategic objectives of LIM. Our team has 
years of experience successfully completing fieldwork programmes in the 
Schefferville area and under the leadership of our recently appointed Vice 
President of Exploration, Michel Cormier, we look forward to a year of 
milestone results." 
 
For full details of the work programmes please refer to LIM's press release on 
www.labradorironmines.ca/pdf/06-13-2012-LIM-Exploration-2012 (website).pdf. 
 
 
 
About Labrador Iron Mines Holdings Limited (LIM) 
 
Labrador Iron Mines (LIM) is Canada's newest iron ore producer. It owns a 
portfolio of direct shipping (DSO) iron ore operations and projects located in 
the prolific Labrador Trough. Initial production commenced at our 100%-owned 
James Mine in June 2011 and we recorded the sale of 400,000 tonnes of iron ore 
in our first start-up season. The first full production season commenced on 
April 2, 2012, with a sales target of 2 million tonnes of iron ore for the 2012 
year. 
 
LIM is focused on a strategic and robust growth plan arising from our portfolio 
of 20 iron ore deposits in Labrador and Quebec, all within 50 kilometres of the 
town of Schefferville. The James Mine is connected by a direct rail link to the 
Port of Sept-Iles, Québec. The area also benefits from established 
infrastructure including the town, airport hydro power and railway service. 
Starting with the James Mine and leading to the development of the expanding 
Houston flagship project, its objective is to ramp up production and sales 
towards 5 million tonnes per year by 2015. 
 
About Anglesey Mining plc 
 
Anglesey holds 26% of Toronto-listed Labrador Iron Mines Holdings Limited (TSX: 
LIM) which is now producing iron ore from its James deposit, one of LIM's 
twenty direct shipping iron ore deposits in western Labrador and north-eastern 
Quebec. Development of other deposits is underway and production of the high 
grade hematite iron ore is targeted to grow from 2Mt in 2012 to 5Mt in 2015. 
 
Anglesey is also carrying out development and exploration work at its 100% 
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where there is 
estimated to be a total historical resource in excess of 7 million tonnes at 
over 9% combined copper, lead and zinc. 
 
For further information, please contact: 
 
Bill Hooley, Chief Executive +44 (0)1492 541981; 
Ian Cuthbertson, Finance Director +44 (0)1248 361333; 
 
Samantha Harrison / Klara Kaczmarek, 
Ambrian Partners Limited +44 (0)2076 344700; 
 
Emily Fenton / Jos Simson, 
Tavistock Communications +44 (0)20 7920 3155 / +44 (0) 7788 554035 
 
 
 
END
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