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Blackheath Resources Inc.
Summary
| Project: | Borralha | |
|---|---|---|
| Deposit: | Santa Helena Breccia | |
| Location: | Portugal | |
| Commodities: | Tungsten | |
| Date: | 4/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-4-2018: Blackheath Resources Inc. announces an Exploration/Drilling Update report for its Santa Helena Breccia deposit at the Borralha project. Drilling results incl. 152m @ 0.17% WO3 from 5m. Blackheath Resources Inc. (TSXV: BHR Frankfurt: 04B) (“Blac | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Robertson (Internal) | |
| ABSTRACT: | Blackheath Resources Inc. (TSXV: BHR Frankfurt: 04B) (“Blackheath” or “the Company”) is pleased to report drilling results of further exploration at the Santa Helena Breccia located within the historic Borralha Tungsten Project in northern Portugal. The programme included an additional diamond drill hole, Hole BO-17, located in the surficial breccia zone approximately 100m south of previously reported Hole BO-8A which showed 118m assaying 0.29% WO3 (57m to 175m) and included a 91 metre intersection assaying 0.31% WO3 (84m to 175m) (see News Release April 21, 2015). The current price of tungsten is approximately $33/kg of WO3. The Santa Helena Breccia is exposed at surface and detailed historical underground mapping and detailed surface geological mapping indicates that the mineralized breccia may be at least 575 metres in length, over 150 metres in width and open to a depth of over 200 metres. There are numerous surface workings, 3 shallow open pits, and a series of underground mining tunnels, mine shafts and adits located within the breccia body. Earlier in the exploration program, drilling and trenching at the south end of the breccia exposed additional mineralization (see News Releases April 21, 2015, July 23, 2014 and September 16, 2013). Tungsten mineralization in the form of wolframite is disseminated throughout the breccia and includes a higher grade mineralized trend from the center to the southern end of the breccia. This higher grade trend is open for expansion. The breccia appears to be continuing at depth, however further drilling will be required to fully understand the true dimensions of the St. Helena Breccia and its mineralized zones. Due to the size and scope of the Santa Helena Breccia, further drilling will be required before preparation of a resource estimate. | |
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