Good news from Spain for Ormonde Mining

EXPLORATION company Ormonde Mining had good news for shareholders yesterday when it published results from its latest drilling programme at a gold and copper site in southern Spain. The share price added 3% on the news.

Good news from Spain for Ormonde Mining

Ormonde managing director Kerr Anderson said the results were pleasing and supported the company’s confidence in the project, which is based at La Zarza near the Portuguese border. Recent testing work had shown the size of the mineral deposits at the site were in line with expectations, he said.

The company will now progress with further tests and conduct a study to determine the economic viability of a combined gold and copper operation at the site. “We look forward to reporting further results from the ongoing programme,” said Mr Anderson.

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