La Zarza Testwork Update

RNS Number:1112V
Ormonde Mining PLC
05 December 2005

05 December 2005



Ormonde Mining plc



Positive Results from Initial Gold Recovery Tests, La Zarza Gold-Copper Project



DUBLIN & LONDON: 05 December 2005 - Ormonde Mining plc ("Ormonde" or "the
Company") reports positive developments in gold recovery tests on a sample from
the La Zarza Gold-Copper Project in southern Spain.



Initial tests on the Gold Composite sample show that:



* Up to 60 per cent of the gold can be recovered by standard flotation
procedures to first stage copper and lead concentrates; final cleaned
concentrates should be saleable directly to smelters.



* Up to a further 30 per cent of the gold goes into a pyrite concentrate;
ongoing testwork, including ultra-fine grinding and leaching, will determine
the amount of additional gold that can be extracted from this pyrite
concentrate.



* A combination of gold recovered to saleable flotation concentrates and
gold recovered from pyrite concentrates should achieve total gold recoveries
higher than originally targeted.





Kerr Anderson, Managing Director, said today,



"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. I believe
that we are on track to achieve at least our target gold recovery and, together
with our recent high copper recovery results, this is an early but very
significant step towards proving the viability of the La Zarza project."





The metallurgical testwork programme, being carried out by Wardell Armstrong
International in Cornwall, U.K., is investigating the most appropriate method to
recover the economic minerals from gold and copper resources at La Zarza. Two
composite samples, the "Gold Composite" and the "Copper Composite", are being
tested. On 14th November the Company reported that initial testwork on the
Copper Composite has indicated copper recoveries in excess of 80 per cent, with
further optimization steps in progress.



Follow-up testwork, including cleaning, optimization and variability testwork,
will be ongoing through to early 2006. The results of the various tests will be
used in the Preliminary Assessment Study (previously referred to as the "
economic scoping study"), which will determine the most appropriate ore
processing option based on metal recovery, processing costs and capital costs.





Enquiries to:



Kerr Anderson, Managing Director,

Ormonde Mining plc Tel: +353 (0)46 9073623



Fraser Gardiner, Director,

Ormonde Mining plc Tel: +353 (0)86 3931178

going up ;-)

and up again ;-)

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)

ORM has other reasonable projects too. Appears to have been overlooked by the market and from previous fund raising has enough cash to see past development assessments etc.

Ormonde: Positive news from Spanish gold-copper project
05/12/2005 - 07:51:07

Ormonde Mining has reported positive developments in gold recovery tests on a sample from the La Zarza gold-copper project in southern Spain.

Initial tests on the Gold composite sample show that up to 60% of the gold can be recovered by standard flotation procedures to first stage copper and lead concentrates. Final cleaned concentrates should be saleable directly to smelters, the company said today.

Ormonde managing director Kerr Anderson said: "I believe that we are on track to achieve at least our target gold recovery and, together with our recent high copper recovery results, this is an early but very significant step towards proving the viability of the La Zarza project."

With gold breaking $500 per ounce, and now preliminary evidence that both gold and copper recoveries are up to best expectations at La Zarza, Ormonde looks significantly undervalued.

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)

wake up everyone, 24p on the cards see last post, and check google news

its a bit slow going up, a bit like stealth.... but its ticked up again

oh its gone up again ;-)

wakey wakey, this is bleeding cheap, dont wait for the spaniards to get in first, you will lose out on the big markup

about to tick up again... wow!!!

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, ITIS also is another about to rocket tomorrow....

katcenka, good to see such vibrant enthusiasm in a stock, I am very curious as to your holding in the company.
regards
opto

ttt

Reminds me of some one else.

LOL Mickeyskint IF you're thinking along the same lines as me.
;>)

Be interesting to see if Opto's question is answered.

Won't it just

;>)

oh thats simple, I dont really have any ;-)

Then why post on them?