Ormonde Mining Plc. reported "very encouraging" high-grade drilling results from its Barruecopardo Tungsten Project in Salamanca, Spain.

The Spain-focused explorer said the first hole in the company's infill drilling programme (BAR-47) has returned an interval of 51 metres grading 0.3 percent tungsten oxide. This intersection has an estimated true thickness of 34 metres and includes a high-grade interval of 10 metres grading 0.7 percent tungsten oxide, it added.

The results of BAR-47 are in line with expectations and support the view the zone could be amenable to either bulk mining or higher-grade selective mining methods, the group said.

"We are very pleased with these great drilling results, both in terms of the infill assays and very encouragingly in starting to provide evidence of a depth extension of the deposit below the level of previous drilling," managing director Kerr Anderson said. – Thomson Financial