Ormonde Mining La Zarza Results Bolster

Monday, December 05, 2005 5:22:34 AM ET
Dow Jones Newswires



0904 GMT [Dow Jones] Ormonde Mining's (ORM.DB) results from La Zarza in southern Spain should support the stock, says Seymour Pierce. "We view this as a further positive step on the path to the development of La Zarza, and reiterate our buy recommendation on Ormonde with a 24p target price." Trades +3.7% at 9.9p. (DWE)

http://www.newratings.com/analyst_news/article_1149090.html

ORM - Ormonde Mining

Latest Prices
Name Price %
Ormonde Mining 10.53p +10.50%

FTSE AIM All-Share 1,015 -0.07%
Mining 11,934 -1.71%

LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain.

The group said a total of gold recovered from saleable floatation concentrates and gold recovered from pyrite concentrates should be higher than originally targeted.

"The unexpected recovery of a significant proportion of the gold by standard flotation to copper and lead concentrates is a very positive development which gives the company considerable confidence in the testwork programme
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=584019

all this news and harldly any buying... amazing, either the market is asleep, or people are just plane mad missing an easy opportunity like this

No they didnt, they only had zinc in august... read the RNS, the gold is a bonus!!!

A broker called Davy had a note out 25th August highlighing the La Zarza gold copper resource and having a price target of 24p. The gold is not a bonus . See operational report in last interims -- it is what these guys are about

2 buys at 5.9mil from yesterday just reported... bleeding heck... wow!!!

zippy dee doo dah

come on up up up

WELL DONE kat up a massive 1% so far looks like your starting to turn the corner.

oh sorry 1.19%

Nice grant from the Spanish tax payer

Don't expect quick move to the 24p target as put out, but more drilling results in two other areas in Spain are due in next few weeks

Hi c'mon give kat a chance with the 24p, he/she has got to get one prediction right (ok i admit every single one completely wrong so far but never give up).

True, but i think he must be at his day job taoday otherwise we would have seen a few bulletins about this already -- on this and most other threads

lol, a bit like the 5 TFC threads he/she is running.

sorry I was concentrating on CDG... GME next on the cards.. TFC cant be far away

There she blows

not quite yet confidant... but nearly

Looking good to-day - Like "Kat" I am licking my lips.

The Times April 25, 2006


Smaller stock to watch


Ormonde Mining gained 2p to 17p after it gave estimates for its La Zarza project in Spain. The mining group said that its latest estimates showed indicated reserves of 85,000 tonnes of copper and 486,000 ounces of gold. Analysts at Seymour Pierce said that the estimates only extend to 500 metres and that there remains scope for the AIM-listed company to explore at greater depths.

An excellent update this morning.....

Ormonde Mining PLC
02 May 2006

Ormonde Mining plc


Ormonde Extends New Salamanca Gold Zone to 2.5 Kilometres


DUBLIN & LONDON: 02 May 2006 - Ormonde Mining plc ('Ormonde' or 'the Company')
reports further positive exploration results obtained from the Salamanca Gold
Project in western Spain, where it is earning a 90 per cent interest. New
sampling has significantly increased the extent of a gold geochemical anomaly
reported in January 2006, which the Company believes could represent a large,
near-surface bulk-tonnage gold target.




HIGHLIGHTS


The previously reported gold anomaly has been extended by a further 1
kilometre, giving it a total length of 2.5 kilometres.


The width of the zone increases from around 200 metres to a maximum of 500
metres.


Of 50 new rock samples collected, 36 (72 per cent) returned grades greater
than 1 gram per tonne ('g/t') gold, with best results of 58.4, 39.9 and 37.4
g/t gold.




Kerr Anderson, Managing Director, said today,


'With this new extension the gold anomaly has got bigger and better and I
believe that we have identified the geochemical footprint of a near-surface bulk
tonnage gold target. Initial drilling during the summer months will test the
overall grade across this extensive zone, but at this early stage the size and
continuity of the anomaly are very impressive.'


'With Salamanca demonstrating very distinct potential, together with La Zarza we
now have two very strong projects to take the Company forward.'

Looks very promising.

;o)

Nice little earner - made 23% in 10 days - me think I will be back.

prelim results out today, sounds like this year could be a good one for ORM if the prices of the minerals stay high

Amities /....... Sat watching these for over two years and been in and out a few times but as a trader buying in large tranches { 1m+ ) and selling on small movement . Excellent news reg copper/ gold reserves being revised upwards; But far from being merely a copper/gold play its a prolific silver play . l cant think of many open cast silver mines outside Latin Americas and parts of Subsaharran AFRICA that are juste sitting there !! At its current price and its amazingly positive drilling statements reg Au,l bought a considerable amount in ORM as an investment .l notice MAN grp increased thier holding a day or so ago . ....Reg: Silver - lts a dual play .! . Chinas demand & consumption alone has lNCREASED a tad shy of 24 % year on year since 1999 with which to feed thier highly lucrative "hi-tec " electronics industry.That is quite astonishing . Gone are the days with China producing heavy labour intemsive products like tractors and millitary hardware and so forth ,,,The .ELECTRONICS sector contributes unkown wealth to Chinese coffers and will do for many years . And silver is USED IN EVERYTHING with a cicuit board as a constituent .Can anyone tell me of an electronic gadget without silicon cicuit board ? ..... . And while the American continue thier obcession-like mentality to buy all thier plasma TVs and gizmos China will continue want silver ! Juste as much as GOLD !!........and many of ORM s sites have proven huge silver deposits . .................ln addition silver has intrinsic value !! $ 13/14 p/oz recently. ..Low gearing reg coupled with figures of over 350g Au p/t makes ORM worthy of a quick lookover. ........@+ J........Another GFM in the making ?