Jul 30th 2012 - Edison Investment Research today published a report on Ormonde Mining (ORM.L, LSE:ORM, LON:ORM) entitled "Permit Submission And Drill Results". In summary, the report says:
Ormonde Mining has now submitted to the relevant Spanish regional authorities all of the documentation required to support its application for a Mining Concession for its Barruecopardo tungsten project. This represents the commencement of the final stage of the mine permitting process. The company has also released encouraging results from its gold JV project with Aurum Mining, where the first holes drilled on its Peralonso Prospect encountered gold mineralisation. Three holes tested the extension of mineralisation previously identified by trenching on an area of anomalous gold-in-soil. Drill hole PERDD001 intersected three separate intervals: 18m at 1.10g/t gold, 10.1m at 3.39g/t gold and 14.95m at 2.33g/t. The latter interval included 1.4m grading 21.5g/t gold.
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