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Tungsten Mining NL
Summary
| Project: | Mt Mulgine | |
|---|---|---|
| Deposit: | Mulgine Hill, Mulgine Trench | |
| Location: | Australia | |
| Commodities: | Tungsten-Molybdenum | |
| Date: | 9/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-9-2016: Tungsten Mining NL announces an Exploration/Drilling Update report for its Mulgine Hill, Mulgine Trench deposit at the Mt Mulgine project. Drilling results incl. 72m @ 0.16% WO3, 0.02% Mo from 0m. Tungsten Mining NL (ASX:TGN) (“the Company”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Bleakley (Not stated) | |
| ABSTRACT: | Tungsten Mining NL (ASX:TGN) (“the Company”) is pleased to report on results from drilling targeting shallow tungsten mineralisation at the Mt Mulgine Project in the Murchison Region of Western Australia, approximately 350km north northeast of Perth. During August 2016, the Company drilled 35 reverse circulation (RC) holes for 1,483 metres and six large diameter PQ diamond holes for 234 metres at the Mulgine Hill and Mulgine Trench prospects (Figure 1). In December 2015, Tungsten Mining acquired the Mt Mulgine and Big Hill Projects from Hazelwood Resources Ltd (Hazelwood) at a cost of A$1.2 million. Tungsten Mining has 100% of the tungsten and molybdenum rights on a contiguous group of tenements at Mt Mulgine that have been the subject of significant previous exploration for tungsten and molybdenum. Two near surface Mineral Resources have been delineated by previous explorers at the Mulgine Trench and Mulgine Hill deposits. Tungsten Mining is focussed on delivering on its strategic development plan to demonstrate a path to WO3 production and cashflow within 2 years, and to continue to gain a greater understanding of the Trench deposit oxide layer. Tungsten Mining’s CEO, Mr Craig Ferrier said “The positive assay results from both Mulgine Hill and Mulgine Trench confirm our view of the Mt Mulgine Tungsten Project as a significant project on a global scale. “The aim of this drilling program was to confirm and extend mineralisation nearer to surface in both the fresh and weathered environment. The parallel studies that we are undertaking with the CSIRO are aimed at maximising the recovery potential of weathered and transitional material that contains significant tungsten grade and inventory, which has traditionally been discounted due to the absence of fluorescence under UV lamping. “These results and the recent historical core sampling program will now be used to update the resource models for both deposits, which will then feed into the strategic plan to develop a low cost operation at Mulgine Hill. | |
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