The IEX-listed exploration group Ormonde Mining has today reported good progress at its La Zarza project in Huelva Province, Spain, where it is involved in a joint venture with Antofagasta Minerals.
In a statement issued this morning, Ormonde said it had completed a ground EM (electromagnetic) geophysics survey at the project which is designed to identify new areas of sulphide mineralisation as additional drilling targets.
The group also said its drilling programme will commence in March.
The joint venture work programmes are designed to extend the previous exploration by Ormonde to cover the entire extent of the three kilometres long La Zarza massive sulphide deposit, to evaluate the potential for this major body to host much larger resources of copper mineralisation.
The main part of the planned drilling programme will target potential extensions to the massive sulphide deposit in an area where previous and historic drilling has returned significant copper mineralised intervals.
“We have made good progress during the first three months of the joint venture and have now defined the main drilling targets," said Ormonde's managing director Kerr Anderson.
"We look forward to commencement of the drilling programme in March to investigate the potential for additional copper mineralisation. We are also advancing plans in relation to funding our Barruecopardo Tungsten Project," he added.