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Tungsten Mining NL
Summary
| Project: | Mt Mulgine | |
|---|---|---|
| Deposit: | Mulgine Trench | |
| Location: | Australia | |
| Commodities: | Tungsten-Molybdenum | |
| Date: | 12/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2019: Tungsten Mining NL announces a Resource Estimation report for its Mulgine Trench deposit at the Mt Mulgine project. Resource update - 189% increase in tonnes at Mulgine Trench. Australian tungsten developer, Tungsten Mining NL (ASX: TGN) (“TGN | |
| Resources: | (Resource, Inf.): 207Mt @ 0.11% WO3, 272ppm Mo, 0.13ppm Au, 5ppm Ag at Mulgine Trench | |
| CP/QP: | [Resources]: Paul Blackney (Optiro Pty Ltd.) | |
| ABSTRACT: | Australian tungsten developer, Tungsten Mining NL (ASX: TGN) (“TGN” or “the Company”) is pleased to report a major Mineral Resource Estimate update at the Mt Mulgine Project in the Murchison Region of Western Australia, approximately 350km north northeast of Perth. The purpose of this announcement is to advise that the Mineral Resource estimate for Mulgine Trench as of 19th December 2019 above a 0.05% WO3 reporting cut-off grade. Tungsten Mining’s CEO Craig Ferrier commented, “This is an outstanding first step in the Mt Mulgine PFS and the results to date have exceeded our expectations. The very substantial increase in contained metal highlights the enormous potential of the Mt Mulgine project and we look forward to providing the market with an updated estimate at the conclusion of the resource definition drill program to be completed in the first quarter of 2020”. The Company owns 100% of the tungsten and molybdenum rights on a group of tenements that have been the subject of significant previous evaluation for tungsten and molybdenum. The Company also has the rights to all byproducts from the mining of tungsten and molybdenum. Near surface Mineral Resources have been delineated at the Mulgine Trench and Mulgine Hill deposits, which have been the subject of ongoing evaluation by the Company (Figure 1). In April 2019, the Company commenced work on a Pre-Feasibility Study (PFS) for large scale mining operations at the Mt Mulgine Project. It is anticipated that one of the outcomes of the PFS will be that a significant portion of the Mulgine Trench Mineral Resource will be classified as Indicated, supporting the declaration of a maiden Ore Reserve for the larger Mt Mulgine Project. | |
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