News Releases

Information posted is accurate at the time of posting, but may be superseded by subsequent press releases.

  Jun 26, 2007 - 08:31 ET
Lundin Mining Drills 55 Metres of 8.5% Zinc at Neves Corvo and 4.0 Metres of 44.4% Zinc at Galmoy

 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2007) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(AMEX:LMC)(SSE:LUMI) is pleased to provide an update of the Company's ongoing surface exploration drilling programs at its Neves Corvo mine in Portugal and its Galmoy mine in Ireland.

Neves Corvo Mine

Since the last exploration update in April 2007 (see news release April 12, 2007), assays have been received for an additional 6 drill holes, including the widest high-grade zinc intersections yet encountered in this world-class deposit. These new drill results include hole NF22A which intersected a 55 metre section which returned 8.51% zinc and 2.47% lead, and hole ND20A-1 which intersected a 35 metre section grading 9.44% zinc and 3.16% lead. The intersections in these two holes are 425 metres apart.

Together with the results released in April 2007, these new drill hole intercepts continue to outline a large, continuous zone of high-grade zinc and lead mineralization within the Lombador sulphide lens. Hole NF22A is the deepest hole drilled into this zone to date, and the zone remains open down-dip from this intersection.

A complete summary table showing the results of these holes along with a longitudinal section showing the relative positions of the massive sulphide intercepts with respect to the Lombador deposit is attached to this release and provided on the Company's website at www.lundinmining.com. Highlighted intercepts are summarized in the table below.



---------------------------------------------------------------------------
Interval Est. True
Drillhole From (m) To (m) (m) Width (m) Cu % Pb % Zn %
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NF22A 911.0 966.0 55.0 53.0 0.35 2.47 8.51
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Incl. 922.0 950.0 28.0 27.0 0.29 3.96 11.07
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ND20A-1 696.0 731.0 35.0 34.0 0.35 3.16 9.44
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NE18C-3 747.0 777.0 30.0 28.0 0.46 2.51 8.11
---------------------------------------------------------------------------
Incl. 766.0 776.0 10.0 9.3 0.35 4.46 12.90
---------------------------------------------------------------------------
ND20A 658.0 666.0 8.0 8.0 0.20 0.80 6.81
---------------------------------------------------------------------------
Plus 738.0 752.0 14.0 14.0 0.30 1.76 9.82
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NG22 927.5 944.0 16.5 16.5 0.45 1.24 8.68
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Three drill rigs are currently committed to continuing to drill this area in order to delineate its ultimate size and to provide sufficient information to upgrade it to an Indicated Resource classification.

Galmoy Mine

A new zone of high-grade mineralization, known as the M Zone, is being delineated within 200 m of the CW orebody at an approximate depth of 100 m below surface in the vicinity of the mill. The discovery hole, GY-714, returned assays of 21.83% Zn, 1.55% Pb and 8.51 g/t Ag over a true thickness of 5.34 m; these results were previously disclosed on April 12, 2007 on the Company's website. Since that time two drill rigs have been delineating this new zone with several contiguous high-grade intercepts including GY-729 which returned assays of 44.38% Zn, 5.64% Pb and 4.97 g/t Ag over a true thickness of 4.03 m. This intercept represents some of the highest grade zinc-lead-silver mineralization ever encountered at Galmoy. There is currently insufficient drilling to determine the economic viability of the M Zone. However, the zone is open to the north and west where drilling is focusing on adding tonnage that may affect the life of mine.

A complete summary table showing the results of the M Zone drill holes and a drill hole location plan map of these holes is attached to this release and are provided on the Company's website at www.lundinmining.com. Highlighted intercepts are summarized in the table below.



---------------------------------------------------------------------------
Interval Est. True
Drillhole From (m) To (m) (m) Width (m) Zn % Pb % Ag g/t
---------------------------------------------------------------------------
GY-714 85.20 91.00 5.80 5.34 21.83 1.55 8.51
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GY-722 81.60 88.00 6.40 6.09 10.78 0.59 2.33
---------------------------------------------------------------------------
GY-724 86.00 90.30 4.30 4.30 14.25 2.02 4.39
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GY-729 91.30 95.70 4.40 4.03 44.38 5.64 4.97
---------------------------------------------------------------------------
GY-737 89.00 94.40 5.40 5.32 18.69 2.42 5.59
---------------------------------------------------------------------------
GY-740 94.00 102.50 8.50 7.57 11.69 5.87 5.45
---------------------------------------------------------------------------

 


Neil O'Brien, Senior Vice President of Exploration and Business Development for Lundin Mining, commented, "These additional great results further demonstrate the quality of our assets and the success of our brownfields exploration strategy. The aggressive near-mine exploration efforts, carried out by our dedicated exploration teams in Portugal and Ireland, are realizing the additional discovery potential at both of these mines."

Drill core was logged, split and sampled by Company personnel at its facilities on the Neves Corvo and Galmoy mine properties in Portugal and Ireland respectively. Samples were subsequently bagged, sealed and shipped under the custody of Company personnel to the Company's assay laboratories at the nearby respective minesites where the samples were prepared and analyzed by standard industry-recognized assay methods. The drill program and technical data are under the management of Bob Carmichael (Neves Corvo) and Andrew Bowden (Galmoy) who are both Qualified Persons pursuant to National Instrument 43-101 and have reviewed and verified the technical information contained in this news release.

To view the accompanying Lombador deposit, summary table and map, please click on:http://www.ccnmatthews.com/docs/lun0626one.pdf

To view the accompanying Galmoy M Zone, summary table and maps, please click on:http://www.ccnmatthews.com/docs/lun0626two.pdf 


FOR FURTHER INFORMATION PLEASE CONTACT:

Lundin Mining Corporation
Neil O'Brien
Senior Vice President, Exploration and Business Development
(778) 991-4714
Email: neil.obrien@lundinmining.ca

or

Lundin Mining Corporation
Catarina Ihre
Manager, Investor Relations
+46-706-07-92-63
Email: Catarina.Ihre@lundinmining.com
Website: www.lundinmining.com

or

Lundin Mining Corporation
Sophia Shane
Investor Relations, North America
(604) 689-7842
(604) 689-4250 (FAX)
Email: sophias@namdo.com