Ormonde gears up Spanish gold projects

Iseq-listed Ormonde Mining plc is to resume drilling at its Salamón gold deposit in northern Spain.

The project is part of a joint venture with Spanish company SIEMCALSA.

A drill rig is on site to undertake a drilling programme of approximately 1,300 metres to expand the current resource, the company said in a statement issued today.

Ormonde will also mobilize a rig to the Las Portas prospect in the Trives area and upon completion of these two programmes, drilling is also planned at a third project area in Tracia where it has a joint venture with IGE AB of Sweden.

The company said in a statement today that it was in discussions on further advanced opportunities in Spain, which it believes would create real value for its shareholders.

Ormonde develops gold projects in Europe with a particular emphasis on Spain.