Positive reports for Ormonde Mining

ORMONDE Mining, the Co Meath-based metals exploration company has reported that latest drilling work from its Barruecopardo tungsten mine in Salamanca in Spain has gone well, with the potential existing for the company to increase its resource estimates at the site over the short term.

“We are increasingly confident we can achieve our stated initial 1.5 million tonne resource target with the recent programme,” said managing director Kerr Anderson. The company recently said its La Zarza copper, gold and zinc mine in Spain would cost about €50m more than anticipated due to increases in basic mining costs.