For thousands of other reports visit RSC's Mineral Intellingence Map
W Resources Plc
Summary
| Project: | La Parrilla | |
|---|---|---|
| Deposit: | La Parrilla FTM South | |
| Location: | Spain | |
| Commodities: | Tungsten-Tin | |
| Date: | 9/1/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-9-2016: W Resources Plc announces an Exploration/Drilling Update report for its La Parrilla FTM South deposit at the La Parrilla project. Drilling results incl. 40m @ 0.496% WO3, 0.112% Sn. W Resources Plc (AIM:WRES), the tungsten, copper and gold, expl | |
| Resources: | (Resource, I+I): 51Mt @ 0.096% WO3, 108ppm Sn | |
| CP/QP: | [Overall Report]: Fernando de la Fuente (Not stated) | |
| 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 results of the first two holes from the RC drilling programme completed in July 2016, which have been assayed at the new La Parrilla mine laboratory. Hole IRC1-44 located 25m to the south of high-grade Hole IRC1-40 has reported assay results of 40m at 0.496% WO3 and 0.112% Sn while Hole IRC1-41 has reported 11m at 0.126% WO3 and 0.02% Sn. Hole IRC1-44 shows continuity and very high grades of both Tungsten and Tin from surface in areas previously categorised in the mine plan as waste. Michael Masterman, Chairman of W Resources commented: "It is clear from these initial results that there is a large lateral extension of the La Parrilla orebody to the south. Hole IRC1-44 following on the heels of Hole IRC1-40 drilled in 2015 has exceptional grades of tungsten and tin from surface at over 4 times the grade of the orebody. We expect that incorporation of this new data in the mine plan will increase initial production grades, reduce stripping ratios, and reduce unit operating costs. We have a zone of significantly higher grade mineralisation accessible at surface which should underpin a successful start-up of the La Parrilla mine.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report