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Tungsten Mining NL
Summary
| Project: | Mt Mulgine | |
|---|---|---|
| Deposit: | Mulgine Trench | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Tungsten-Silver-Gold | |
| Date: | 5/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2020: Tungsten Mining NL announces a Resource Estimation report for its Mulgine Trench deposit at the Mt Mulgine project. Updated mineral resource estimate for Mulgine Trench at the Mt Mulgine project. The Company owns 100% of the tungsten and molybde | |
| Resources: | (Resource, I+I): 247Mt @ 0.11% WO3, 280ppm Mo, 0.13ppm Au, 6ppm Ag, 0.04% Cu at Mulgine Trench | |
| CP/QP: | [Resource] Paul Blackney (Optiro Pty Ltd.) | |
| ABSTRACT: | 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. A primary objective of the PFS is that a significant portion of the Mulgine Trench Mineral Resource is classified as Indicated, to support the declaration of a maiden Ore Reserve for the larger Mt Mulgine Project. In July 2019, the Company commenced resource definition drilling at Mulgine Trench and has received results from all 280 reverse circulation (RC) holes and associated diamond tails drilled in this program. Resource consultants, Optiro Pty Ltd (Optiro) were engaged to update the Mulgine Trench Mineral Resource and completed this exercise in May 2020. | |
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