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W Resources Plc
Summary
| Project: | La Parrilla | |
|---|---|---|
| Deposit: | La Parrilla | |
| Location: | Spain | |
| Commodities: | Tungsten-Tin | |
| Date: | 5/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 11-5-2017: W Resources Plc announces a Resource Estimation report for its La Parrilla deposit at the La Parrilla project. Mineral resource upgrade for project, now contains Measured resources. W Resources Plc (AIM:WRES), the tungsten, copper and gold expl | |
| Resources: | (Resource, Total): 49Mt @ 998ppm WO3, 110ppm Sn at La Parrilla | |
| CP/QP: | [Resources]: Andrew Weeks (Golder Associates) | |
| ABSTRACT: | W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce an increase in the grades and upgrade in resource categorisation of its JORC (2012) resource for La Parrilla, with an upgraded resource report completed by Golder Associates, following a successful programme of infill drilling in 2016. Indicated resources at La Parrilla have increased in grade and upgraded in resource categorisation with part of the resource being upgraded to the measured category of resource. The total combined measured, indicated and inferred resource is now 49 million tonnes (Mt) grading 998 parts per million (ppm) tungsten tri-oxide (WO3) and 110 ppm tin (Sn). The combined measured and indicated resource amounting to 36 Mt and grading 1,007 ppm WO3, which represent an increase of 4% from previous grade of 965 ppm WO3 reported in February 2016 and 115 ppm Sn. Importantly, new thick high grade zones have been delineated in the La Parrilla Fast Track Mine (FTM) south area and will be incorporated into the mine plans in 2018 and 2019. Based on preliminary mine plan optimisation, the averaged Run of Mine (ROM) feed grade in 2018 is expected to increase 42% to 1,350 ppm and the 2019 grade is expected to increase 16% to 1,260 ppm. The higher grades for these mining rates will result in increased cash flow in the early years of mine development. | |
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