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W Resources Plc
Summary
| Project: | Regua | |
|---|---|---|
| Deposit: | Regua | |
| Location: | Portugal | |
| Commodities: | Tungsten | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: W Resources Plc announces an Exploration/Drilling Update report for its Regua deposit at the Regua project. Drilling results incl. 29.0m @ 0.75% WO3 from 48.0m. W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with asset | |
| Resources: | (Resource, I+I): 5.46Mt @ 0.280% WO3 for 1,528,800 contained WO3 (mtu) | |
| CP/QP: | [Overall Report]: José Mario Castelo Branco (Not stated) | |
| ABSTRACT: | W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to report high-grade and wide intersections from recent Reverse Circulation ("RC") drilling at its Régua mine development in Northern Portugal.The RC assays are significantly higher than expected including 29m @ 0.75% WO3 from 48m in hole RGR015 on the north-western flank. Three of the reported assay results are above 1% and almost 50% of the results are greater than the average grade of the orebody. Assay results for the first 10 drill holes out of 20 in the 1,809 metre reverse circulation drilling programme have delineated a number of high grade zones including: Michael Masterman, Chairman of W Resources, commented: "These are exceptional results in the north-western part of the Régua orebody and it is great to receive them in the lead up to the trial mine development. The orebody remains open at depth and in all directions, specifically the zones to the northwest are indicating significant width and grade and are highly prospective for mine extension drilling. Preliminary works including this drilling programme are advancing."Development planning for Régua continues based on low-cost underground mining using adits (horizontal tunnels), trucking ore to a nearby existing crusher, and mobilisation of the existing La Parrilla concentrator to Régua, following new large scale La Parrilla concentrator start up."At La Parrilla, W has recently been running its existing older concentrator for production of tungsten and tin. The plant is currently being modified to allow pilot runs and testing of the upgraded large scale concentrator plant circuit to greatly assist in commissioning and ramp-up of the new large scale concentrator plant. At this stage no tungsten concentrate shipments have been made and this is something the Company will review and update the market on once the testing phases have been completed. | |
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