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Parys Mountain drilling returns strong assays including 22.0m at 3.7% CuEq

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Anglesey Mining plc (AIM:AYM), is pleased to announce that the assay results have been received from the recently completed drill hole NCZ001. Drill hole NCZ001 is the first hole from the infill drilling program of the Northern Copper and Garth Daniel Zones at the Company’s Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in North West Wales.

Drill hole NCZ001 was designed to provide a repeat of the historical drill hole H34, drilled in the early 1970’s, which intersected three mineralised zones that bulked out to 146 metres at 1.2% copper equivalent (CuEq). Due to the deviation of NCZ001, the intersection encountered is estimated to be approximately 75 metres up-dip from the H34 intersection and provides a valuable infill pierce point.

Garth Daniel Zone – Hole NCZ001

22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au (3.7% CuEq / 9.2% ZnEq) from a depth of 559m, including

4.0m @ 5.2% Cu, 5.0g/t Ag and 0.03g/t Au (4.9% CuEq) from 569m; and,

6.0m @ 2.5% Cu, 9.9% Zn, 4.7% Pb, 10g/t Ag and 0.1g/t Au (6.1% CuEq / 17.4% ZnEq) from 575m

Northern Copper Zone – Hole NCZ001

Significant intersections include:

11.0m @ 0.6% Cu, 1.4% Zn, 0.5% Pb, 9.0g/t Ag and 0.4g/t Au (1.3% CuEq / 3.6% ZnEq) from a depth of 503m including

4.0m at 1.1% Cu, 2.7% Zn, 1.0% Pb, 16g/t Ag and 0.7g/t Au (2.4% CuEq / 6.9% ZnEq) from 510m

63.0m @ 0.6% Cu, 0.06% Zn, 0.03% Pb, 3g/t Ag and 0.2g/t Au (0.7% CuEq) from a depth of 362m including

16.0m @ 0.9% Cu, 0.05% Zn, 0.02% Pb, 3g/t Ag and 0.2g/t Au (1.0% CuEq) from 382m

7.0m @ 1.3% Cu, 0.11% Zn, 0.05% Pb, 5.5g/t Ag and 0.2g/t Au (1.3% CuEq) from 404m

13.0m @ 0.5% Cu, 0.05% Zn, 0.01% Pb, 2g/t Ag and 0.1g/t Au (0.5% CuEq) from a depth of 455m

***CuEq and ZnEq grades are based on recovery factors and commodity prices as detailed on page 9 of this release***

Andrew King, Interim Chairman of Anglesey Mining, commented: “We are very encouraged by the broad widths encountered across both the Garth Daniel and Northern Copper Zones in NCZ001. In particular, we are excited to see the significant intersection within the Garth Daniel Zone. The 22-metre intersection grading 3.7% copper equivalent we believe continues to demonstrate the prospectivity of the Parys Mountain mineralised system.”

“Infill drilling of these mineralised zones will play a crucial role in the development studies for Parys Mountain. The primary target for this program is to provide additional pierce points to enable the current Inferred resources to be upgraded to the Indicated category. The second drill hole, NCZ002, is currently at a depth of around 360 metres with the Northern Copper Zone target estimated to commence at a downhole depth of around 420 metres”.

Drill hole details

Hole IDCo-ordinates (E) (N)Elevation (m)Azimuth (°)Dip (°)End of Hole (m)
NCZ00124400839098178.3165-75635
Reported Assays (results >0.5 CuEq in bold)
Hole NumberFromToSample LengthAssays
(m)(m)(m)Cu (%)Zn (%)Pb (%)Ag (g/t)Au (g/tt)CuEq (%)*
NCZ00177.5780.500.270.190.163.3<0.0050.36%
NCZ00183.483.90.500.030.010.00<0.5<0.0050.03%
NCZ00198.699.10.500.080.010.00<0.5<0.0050.08%
NCZ00199.199.60.500.020.010.00<0.5<0.0050.02%
NCZ00199.6100.10.500.020.000.00<0.5<0.0050.02%
NCZ001100.1100.60.500.020.010.00<0.5<0.0050.02%
NCZ001100.6101.10.500.030.000.00<0.5<0.0050.03%
NCZ001101.1101.60.500.560.220.139.6<0.0050.66%
NCZ001101.61020.400.120.320.062.9<0.0050.23%
NCZ001102102.50.500.020.020.05<0.50<0.0050.03%
NCZ001102.51030.500.320.020.033.4<0.0050.33%
NCZ001131131.50.500.020.010.00<0.5<0.0050.02%
NCZ001132.51330.500.000.010.00<0.5<0.0050.01%
NCZ001139139.50.500.010.020.01<0.5<0.0050.01%
NCZ001243.65244.150.500.000.270.05<0.5<0.0050.09%
NCZ001267.8268.30.500.010.700.07<0.5<0.0050.22%
NCZ001303.9304.40.500.010.030.011.2<0.0050.03%
NCZ001304.4304.90.500.000.010.00<0.5<0.0050.01%
NCZ001304.9305.40.500.070.010.001.0<0.0050.08%
NCZ001305.4305.90.500.010.010.00<0.5<0.0050.01%
NCZ001305.9306.40.500.000.010.00<0.5<0.0050.00%
NCZ001318.45318.950.500.000.000.00<0.5<0.0050.00%
NCZ001327.15327.650.500.010.590.02<0.5<0.0050.18%
NCZ0013513521.000.000.000.00<0.5<0.0050.00%
NCZ0013523531.000.000.000.00<0.5<0.0050.00%
NCZ0013533541.000.000.000.00<0.5<0.0050.00%
NCZ0013543551.000.020.000.00<0.5<0.0050.02%
NCZ0013553561.000.010.000.00<0.50.010.01%
NCZ0013563571.000.000.000.00<0.5<0.0050.00%
NCZ0013573581.000.000.000.00<0.5<0.0050.00%
NCZ0013583591.000.000.000.00<0.5<0.0050.00%
NCZ0013593601.000.030.010.00<0.50.020.04%
NCZ0013603611.000.000.010.00<0.5<0.0050.00%
NCZ0013613621.000.270.010.00<0.50.0250.26%
NCZ0013623631.000.980.010.011.70.2231.02%
NCZ0013633641.000.490.000.010.90.1420.52%
NCZ0013643651.001.040.000.046.50.1191.06%
NCZ0013653661.001.380.000.013.10.6211.56%
NCZ0013663671.000.150.020.00<0.50.030.15%
NCZ0013673681.000.350.010.000.80.0680.36%
NCZ0013683691.000.780.030.011.70.310.87%
NCZ0013693701.000.570.010.000.80.230.63%
NCZ0013703711.000.160.010.00<0.50.0240.16%
NCZ0013713721.000.150.010.01<0.50.0240.16%
NCZ0013723731.000.110.010.00<0.50.1270.16%
NCZ0013733741.000.560.000.011.50.4640.73%
NCZ0013743751.000.450.010.011.60.220.52%
NCZ0013753761.000.400.010.011.20.3760.54%
NCZ0013763771.000.590.020.011.50.2210.65%
NCZ0013773781.000.120.010.00<0.50.0310.12%
NCZ0013783791.000.080.000.000.70.0480.10%
NCZ0013793801.001.580.020.035.61.191.99%
NCZ0013803811.000.090.010.010.50.1150.14%
NCZ0013813821.000.030.030.00<0.50.0510.06%
NCZ0013823831.000.730.080.021.90.2190.81%
NCZ0013833841.000.950.040.054.30.9531.31%
NCZ0013843851.002.010.020.023.40.041.91%
NCZ0013853861.000.310.030.010.80.0370.32%
NCZ0013863871.000.750.110.031.60.0560.76%
NCZ0013873881.000.060.020.000.50.010.07%
NCZ0013883891.000.840.040.011.50.040.82%
NCZ0013893901.001.140.030.023.30.1591.15%
NCZ0013903911.000.210.040.011.10.070.24%
NCZ0013913921.000.940.020.012.60.0940.94%
NCZ0013923931.001.760.030.049.60.4191.88%
NCZ0013933941.000.850.040.012.60.1150.86%
NCZ0013943951.001.450.260.044.20.1271.51%
NCZ0013953961.001.070.020.012.60.1371.07%
NCZ0013963971.000.170.010.022.30.1240.23%
NCZ0013973981.000.600.010.001.30.0880.61%
NCZ0013983991.000.140.010.001.80.1320.19%
NCZ0013994001.000.130.620.233.60.2320.46%
NCZ0014004011.000.200.070.032.90.1330.28%
NCZ0014014021.000.280.020.033.50.1570.36%
NCZ0014024031.000.190.040.093.40.0990.27%
NCZ0014034041.000.070.020.022.10.2350.19%
NCZ0014044051.000.660.060.043.20.310.78%
NCZ0014054061.001.730.010.014.00.3051.76%
NCZ0014064071.001.800.010.045.80.0521.74%
NCZ0014074081.000.970.010.011.90.0570.94%
NCZ0014084091.001.350.370.168.70.2261.53%
NCZ0014094101.001.530.020.047.30.1421.54%
NCZ0014104111.000.980.300.087.40.2551.16%
NCZ0014114121.000.200.130.072.90.1010.30%
NCZ0014124131.000.450.400.104.00.1920.65%
NCZ0014134141.000.100.040.021.70.1390.17%
NCZ0014144151.000.210.020.022.60.1130.27%
NCZ0014154161.000.260.250.072.80.0920.38%
NCZ0014164171.000.330.030.011.10.0050.33%
NCZ0014174181.000.670.040.012.50.0140.66%
NCZ0014184191.000.600.030.012.20.0130.58%
NCZ0014194201.000.520.160.032.70.0310.56%
NCZ0014204211.000.380.060.022.90.0190.40%
NCZ0014214221.000.200.030.011.50.0120.21%
NCZ0014224231.000.460.060.012.20.0110.46%
NCZ0014234241.000.280.040.011.80.0220.29%
NCZ0014244251.000.520.040.012.20.0440.53%
NCZ0014254261.000.010.010.01<0.5<0.0050.01%
NCZ0014264271.000.010.010.01<0.5<0.0050.02%
NCZ0014274281.000.030.050.010.50.0070.05%
NCZ0014284291.000.320.040.011.40.0190.33%
NCZ0014294301.000.060.010.00<0.50.0070.06%
NCZ0014304311.000.010.010.00<0.5<0.0050.02%
NCZ0014314321.000.010.030.00<0.5<0.0050.02%
NCZ0014324331.000.650.030.011.50.0120.63%
NCZ0014334341.000.080.010.00<0.50.0050.08%
NCZ0014344351.000.040.010.00<0.50.0070.04%
NCZ0014354361.000.000.020.00<0.5<0.0050.01%
NCZ0014364371.000.000.010.00<0.5<0.0050.01%
NCZ0014374381.000.010.010.00<0.5<0.0050.01%
NCZ0014384391.000.000.010.00<0.50.0070.01%
NCZ0014394401.000.030.060.001.00.0050.05%
NCZ0014404411.000.000.050.02<0.50.0070.02%
NCZ0014414421.000.000.010.00<0.5<0.0050.00%
NCZ0014424431.000.010.020.00<0.5<0.0050.02%
NCZ0014434441.000.000.030.00<0.50.0050.01%
NCZ0014444451.000.040.040.010.70.0310.07%
NCZ0014454461.000.230.070.032.60.0610.28%
NCZ0014464471.000.150.170.174.70.1120.29%
NCZ0014474481.000.320.330.153.90.1790.52%
NCZ0014484491.000.000.020.00<0.5<0.0050.01%
NCZ0014494501.000.080.030.00<0.5<0.0050.09%
NCZ0014504511.000.000.010.00<0.5<0.0050.00%
NCZ0014514521.000.180.010.00<0.5<0.0050.17%
NCZ0014524531.000.100.020.00<0.50.0070.10%
NCZ0014534541.000.190.050.010.90.0480.22%
NCZ0014544551.000.020.070.000.50.0430.06%
NCZ0014554561.000.550.060.012.30.0770.57%
NCZ0014564571.000.350.020.000.90.0280.35%
NCZ0014574581.000.750.020.011.70.020.72%
NCZ0014584591.000.180.050.022.30.0670.23%
NCZ0014594601.000.060.020.011.90.0770.11%
NCZ0014604611.000.130.020.000.90.0630.16%
NCZ0014614621.000.500.040.023.90.2240.59%
NCZ0014624631.000.470.030.023.00.1730.54%
NCZ0014634641.000.170.020.012.10.1630.25%
NCZ0014644651.000.860.020.023.80.2180.92%
NCZ0014654661.000.700.070.023.00.1260.74%
NCZ0014664671.000.710.190.022.30.1030.78%
NCZ0014674681.000.550.060.021.90.0650.57%
NCZ0014684691.000.200.070.022.50.1250.28%
NCZ0014694701.000.090.110.022.70.1060.18%
NCZ0014704711.000.190.050.011.10.0070.21%
NCZ0014714721.000.160.030.011.80.0390.19%
NCZ0014724731.000.070.100.032.10.0210.12%
NCZ0014734741.000.190.090.043.40.1190.28%
NCZ0014744751.000.380.130.042.20.0630.43%
NCZ0014754761.000.180.080.011.50.0370.22%
NCZ0014764771.000.070.030.00<0.50.0110.08%
NCZ0014774781.000.200.030.011.10.0170.21%
NCZ0014784791.000.080.040.010.5<0.0050.09%
NCZ0014794801.000.030.020.01<0.50.0070.04%
NCZ0014804811.000.010.030.00<0.5<0.0050.01%
NCZ0014814821.000.010.040.010.80.0070.03%
NCZ0014824831.000.030.040.050.80.0420.07%
NCZ0014834841.000.090.080.061.30.0150.14%
NCZ0014844851.000.060.010.00<0.50.0110.07%
NCZ0014854861.000.130.550.301.70.0190.36%
NCZ0014864871.000.050.060.010.70.0260.09%
NCZ0014874881.000.010.010.01<0.50.0360.03%
NCZ0014884891.000.010.100.170.70.0290.09%
NCZ0014894901.000.050.010.000.60.030.07%
NCZ0014904911.000.000.030.00<0.50.0090.02%
NCZ0014914921.000.100.040.010.70.0190.12%
NCZ0014924931.000.000.040.020.60.0190.03%
NCZ0014934941.000.082.100.753.40.0220.85%
NCZ0014944951.000.010.010.00<0.5<0.0050.01%
NCZ0014954961.000.010.020.00<0.50.0050.02%
NCZ0014964971.000.030.010.010.50.0720.07%
NCZ0014974981.000.240.030.022.10.1880.33%
NCZ0014984991.000.200.040.031.30.0520.23%
NCZ0014995001.000.060.010.010.50.0160.07%
NCZ0015005011.000.120.020.010.60.0210.13%
NCZ0015015021.000.110.070.021.60.0930.17%
NCZ0015025031.000.080.340.082.20.0960.24%
NCZ0015035041.000.230.690.124.20.1270.51%
NCZ0015045051.000.110.810.135.30.1870.47%
NCZ0015055061.000.220.570.089.50.2660.55%
NCZ0015065071.000.640.200.024.30.190.76%
NCZ0015075081.000.230.380.064.10.2160.45%
NCZ0015085091.000.220.540.126.20.2350.52%
NCZ0015095101.000.271.110.245.80.2660.76%
NCZ0015105111.000.411.280.378.10.4251.04%
NCZ0015115121.001.197.343.1921.30.7824.27%
NCZ0015125131.002.502.070.5430.21.413.78%
NCZ0015135141.000.450.060.073.30.0820.51%
NCZ0015145151.000.010.010.00<0.50.0080.02%
NCZ0015155161.000.010.010.00<0.5<0.0050.01%
NCZ0015165171.000.140.070.060.60.0060.17%
NCZ0015175181.000.050.220.030.70.0160.12%
NCZ0015185191.000.020.060.020.60.010.05%
NCZ0015195201.000.070.010.00<0.50.0060.07%
NCZ0015205211.000.020.010.00<0.50.0060.03%
NCZ0015215221.000.010.010.00<0.50.0050.01%
NCZ0015225231.001.800.030.055.60.0291.74%
NCZ0015235241.000.000.010.00<0.5<0.0050.01%
NCZ0015245251.000.000.010.00<0.5<0.0050.00%
NCZ0015255261.000.210.020.011.00.0110.22%
NCZ0015265271.001.230.020.014.30.0221.18%
NCZ0015275281.000.210.040.021.80.0410.24%
NCZ0015285291.000.010.080.161.10.0110.08%
NCZ0015295301.000.280.020.021.00.0080.28%
NCZ0015305311.000.010.050.01<0.50.290.14%
NCZ0015315321.000.010.010.00<0.5<0.0050.01%
NCZ0015325331.000.010.010.00<0.50.0050.01%
NCZ0015335341.000.010.350.594.50.0210.25%
NCZ0015345351.000.000.010.01<0.50.0050.01%
NCZ0015355361.000.000.010.00<0.50.0130.01%
NCZ0015365371.000.060.010.00<0.5<0.0050.06%
NCZ0015375381.000.240.110.020.70.0270.28%
NCZ0015385391.000.000.020.00<0.50.020.02%
NCZ0015395401.000.040.010.010.80.0320.06%
NCZ0015405411.000.010.010.00<0.5<0.0050.01%
NCZ0015415421.000.010.010.00<0.5<0.0050.01%
NCZ0015425431.000.020.010.00<0.5<0.0050.02%
NCZ0015435441.000.060.010.00<0.5<0.0050.06%
NCZ0015445451.000.000.010.00<0.5<0.0050.01%
NCZ0015455461.000.000.010.00<0.5<0.0050.01%
NCZ0015465471.000.000.030.01<0.5<0.0050.01%
NCZ0015475481.000.070.020.010.7<0.0050.08%
NCZ0015485491.000.040.020.00<0.5<0.0050.04%
NCZ0015495501.000.040.010.00<0.5<0.0050.04%
NCZ0015505511.000.100.010.00<0.5<0.0050.10%
NCZ0015515521.000.000.010.00<0.5<0.0050.00%
NCZ0015525531.000.100.020.011.1<0.0050.11%
NCZ0015535541.000.210.010.012.0<0.0050.22%
NCZ0015545551.000.080.010.00<0.5<0.0050.08%
NCZ0015555561.000.480.010.011.4<0.0050.46%
NCZ0015565571.000.290.010.000.6<0.0050.28%
NCZ0015575581.000.000.010.00<0.5<0.0050.01%
NCZ0015585591.000.130.040.04<0.5<0.0050.14%
NCZ0015595601.001.820.020.012.8<0.0051.71%
NCZ0015605611.000.320.010.00<0.50.0090.31%
NCZ0015615621.000.490.020.011.70.020.48%
NCZ0015625631.001.980.030.013.70.0211.88%
NCZ0015635641.002.770.020.013.30.0232.61%
NCZ0015645651.003.430.020.014.00.0453.24%
NCZ0015655661.001.020.020.011.80.0160.97%
NCZ0015665671.000.350.030.011.30.0150.35%
NCZ0015675681.000.020.020.010.50.010.04%
NCZ0015685691.000.370.060.021.40.0310.39%
NCZ0015695701.005.830.040.045.60.0425.49%
NCZ0015705711.006.810.020.006.40.0336.39%
NCZ0015715721.002.820.010.002.40.0182.65%
NCZ0015725731.005.460.010.004.80.0265.12%
NCZ0015735741.001.212.080.843.10.0291.91%
NCZ0015745751.000.770.020.021.00.0080.73%
NCZ0015755761.001.951.900.683.60.0222.52%
NCZ0015765771.002.3411.354.6714.50.1416.47%
NCZ0015775781.003.294.191.678.60.2074.72%
NCZ0015785791.002.4414.506.5111.40.0837.78%
NCZ0015795801.003.2718.459.6613.30.07510.29%
NCZ0015805811.001.458.705.085.80.0364.86%
NCZ0015815821.000.030.040.020.70.010.05%
NCZ0015825831.000.010.040.020.60.0080.03%
NCZ0015835841.000.010.020.00<0.50.0050.02%
NCZ0015845851.000.020.020.00<0.50.0130.03%
NCZ0015855861.000.402.431.427.70.0121.40%
NCZ0015865871.000.000.010.00<0.5<0.0050.01%
NCZ0015875881.000.000.010.00<0.5<0.0050.00%
NCZ0015885891.000.000.010.00<0.5<0.0050.00%
NCZ0015895901.000.010.010.00<0.5<0.0050.01%
NCZ0015905911.000.000.020.01<0.5<0.0050.01%
NCZ0015915921.000.000.000.00<0.5<0.0050.00%
NCZ0015925931.000.000.010.00<0.5<0.0050.01%
NCZ0015935941.000.000.020.00<0.5<0.0050.01%
NCZ0015945951.000.000.020.00<0.5<0.0050.01%
NCZ0015955961.000.000.020.00<0.5<0.0050.01%
NCZ0015965971.000.000.020.00<0.5<0.0050.01%
NCZ0015975981.000.000.020.00<0.5<0.0050.01%
NCZ0015985991.000.000.020.00<0.5<0.0050.01%
NCZ0015996001.000.000.020.00<0.5<0.0050.00%
NCZ0016006011.000.000.010.00<0.5<0.0050.00%
NCZ0016016021.000.000.020.00<0.5<0.0050.00%
NCZ0016026031.000.000.010.00<0.5<0.0050.00%
NCZ0016036041.000.000.010.00<0.5<0.0050.00%
NCZ0016046051.000.010.020.00<0.5<0.0050.01%
NCZ0016056061.000.000.020.00<0.5<0.0050.01%
NCZ0016066071.000.010.010.00<0.5<0.0050.01%
NCZ0016076081.000.160.010.00<0.5<0.0050.15%
NCZ0016086091.000.010.010.00<0.5<0.0050.01%
NCZ0016096101.000.000.020.00<0.5<0.0050.01%
NCZ0016106111.000.100.020.00<0.5<0.0050.10%
NCZ0016116121.000.330.020.00<0.5<0.0050.31%
NCZ0016126131.000.580.030.020.5<0.0050.55%
NCZ0016136141.000.540.020.01<0.5<0.0050.51%
NCZ0016146151.000.040.010.00<0.5<0.0050.04%
NCZ0016156161.000.050.000.00<0.5<0.0050.04%
Total276.40

* Copper Equivalent (CuEq %) = Cu grade % * Cu Recovery + (Zn grade % * Zn Recovery * (Zn price $/t /Cu price $/t)) + (Pb grade % * Pb Recovery * (Pb price $/t /Cu price $/t)) + (Ag grade g/t / 31.103 * Ag recovery * (Ag price $/oz /Cu price $/t)) + (Au grade g/t / 31.103 * Au recovery * (Au price $/oz /Cu price $/t))

Zn equivalent calculated using following commodity prices: Zn – US$3350/t, Cu – US$9523/t, Pb – US$2292/t, Ag – US$25.50/oz & Au – US$1850/oz

Zn Equivalent calculated using following recovery assumptions for Northern Copper Zone: Zn – 82%, Cu – 93%, Pb – 78%, Ag – 72% & Au -65%

Sample analysis and QA/QC

All samples generated from the drilling were dispatched to ALS Loughrea, Ireland.

Samples were analysed for multi-element data analysis using their ME-ICP61 package, which includes Ag, Cu, Pb and Zn. The samples were also assayed for gold using their Au-AA23 analysis package. Overlimit assays were then analysed using their Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62 and ME-OG62 analysis packages.

For QA/QC purposes, Anglesey Mining used the industry standard of inserting 5% Certified Reference Material (CRM) samples, 2.5% Certified Blank Samples (Blanks) and 5% duplicate samples at source. The CRMs were sourced from Geostats Pty Ltd, Ore Research & Exploration Pty Ltd, OREAS and Natural Resources Canada.

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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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