Ormonde ‘positive’ in search for gold at Spanish mining project

ORMONDE Mining yesterday announced positive results from a detailed rock sampling programme for gold at the Tracia Project in Spain.

Swedish company IGE AB, the group’s joint venture partner, is funding all exploration activities at Tracia, one of Ormonde’s four active gold projects in Spain.

Last year, two international investment groups, Gartmore and JP Morgan, each took a 7% stake each in the Irish-based mining group at 3.4 cent per share.