13th May 2024 20:47
Anglesey Mining PLC - mining company with operations in Wales, Sweden and Canada - Assays show NCZ003 well at northern copper zone of Parys Mountain asset in Wales "intersected a significant zone of mineralisation". The firm says: "As with the previous two holes in the programme, NCZ003 intersected both broad zones of mineralisation and multiple higher-grade zones. Importantly, the drilling is demonstrating good continuity and further supports the integrity of the geological model and drill targeting, with indications of greater mineralised volumes overall."
Interim Chair Andrew King adds: "Once again, we are very pleased to see the Parys Mountain project delivering some very strong drilling results. It is worth reminding investors that Parys Mountain is demonstrably the largest and most advanced copper project in the UK with substantial resource upside still evident. In addition, the project is favourably located on a previously permitted, brownfield development site with significant existing infrastructure already in place."
Current stock price: 1.48 pence
12-month change: down 26%
By Eric Cunha, Alliance News news editor
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