Anglesey Mining eyes possible sale of Parys Mountain

Anglesey Mining gained as much as 8% this morning, before falling back to its overnight closing level, after announcing new drilling at its 100% owned Parys Mountain site in North Wales.

The company says it will initially drill 4 holes to assess the remaining copper, zinc and lead resources at the site. A further six to eight holes may also be dug depending on the initial results.

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The company also confirms in today's release that it is considering "the various commercial options available to enhance the value of Parys Mountain for shareholders".

This implies that a sale is possible.

Over the past 12 months Anglesey shares have fallen by 51%.

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