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Rafaella Resources Ltd.
Summary
| Project: | Santa Comba | |
|---|---|---|
| Deposit: | Santa Comba | |
| Location: | Spain | |
| Commodities: | Tungsten | |
| Date: | 6/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2019: Rafaella Resources Ltd. announces a Resource Estimation report for its Santa Comba deposit at the Santa Comba project. Exploration Target defined at Santa Comba project. 13 June 2019 – Junior exploration company Rafaella Resources Limited (ASX: | |
| Resources: | Exploration Target: 16.2-48.6Mt @ 0.15-0.23% WO3 | |
| CP/QP: | [Overall Report]: Adam Wheeler (Independent) | |
| ABSTRACT: | 13 June 2019 – Junior exploration company Rafaella Resources Limited (ASX: RFR) (“Rafaella” or “the Company”) is pleased to announce that it has defined an initial Exploration Target* at the Santa Comba Tungsten Project (“Santa Comba” or “the Project”) in Galicia, NW Spain (Fig. 1). The Exploration Target* supports the Company’s proposed drilling programme which has the objective of defining extensions to the already defined near-surface JORC Mineral Resource Estimate1 . As part of its proposed work programme, Rafaella will be targeting additional near-surface prospects that are amenable to open pit mining. The Project, which is already permitted for underground and open pit mining, is located near the township of Santa Comba in Galicia, northwest Spain, and covers the 7km long Santa Comba granite massif (Figs. 1 & 2). Rafaella is targeting Santa Comba as a development project capable of being fast tracked to production and has received an offtake offer from H.C. Stark Tungsten GmbH with associated development funding from the German Government. The Project also boasts proximity to deep-water ports and has considerable infrastructure already in place, including a partially completed process plant. The Project comprises several known prospects with a near-surface Mineral Resource Estimate2 of 5.1Mt of Inferred Resource grading at 0.203% WO3 and 0.014% Sn, and an underground Inferred Resource of 234Kt grading at 0.95% WO3 and 0.28% Sn located at the historic Mina Carmen underground mine.2 | |
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