Anglesey Mining PLC (AIM:AYM) said recent drilling at the Northern Copper Zone (NCZ) at Parys Mountain intersected both broad zones of mineralisation and multiple higher-grade zones.
The miner added that recently received litho-geochemical results for each of the three holes had allowed the stratigraphic positions of the main ore horizons to be further defined, improving the geological unit correlations across the property.
“Work is ongoing; however it is already apparent that the latest holes intersected the same package of rocks and styles of alteration and mineralization as interpreted from previous drilling campaigns, which were subject to the same litho-geochemical analysis," said the statement.
“Detailed understanding of the lithology in each of the recently completed holes will mean a new structural geological model can be constructed and data supporting the model will additionally leverage off all the previously completed exploration drilling that has taken place into both the NCZ and the GDZ.
“Such a model would be more detailed than the one that presently exists and could provide valuable insights into the controls and distribution of the various mineralized zones.
“It is expected that once completed the model will be able to be extrapolated on a wider scale and used in subsequent mine planning.
Rob Marsden, Anglesey Mining’s chief executive, commented: “Extracting all of the data possible from the 2023-2024 drilling campaign and interpreting it in context is a key part of the work being undertaken at Parys Mountain and it is great to see this latest dataset supporting and enhancing previous geological interpretation of the deposit.”