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W Resources Plc
Summary
| Project: | CAA/Portalegre | |
|---|---|---|
| Deposit: | Sao Martinho | |
| Location: | Portugal | |
| Commodities: | Gold | |
| Date: | 1/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2017: W Resources Plc announces an Exploration/Drilling Update report for its Sao Martinho deposit at the CAA/Portalegre project. Drilling results incl. 56.4m @ 2.34g/t Au from 2.5m. W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, p | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: José Mario Castelo Branco (Not stated) | |
| ABSTRACT: | W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, production, exploration and development company with assets in Spain and Portugal, is pleased to announce some exceptional results at its São Martinho Gold project in Portugal. SMD-009 results have confirmed a very thick gold intersection of 56.4m at 2.34 grams per tonne (g/t) from the very shallow depth of 2.6m. The thickness of the intersection bodes well for an increase in the size of the ore deposit and the potential to mine ore at low cost given the shallow nature of the zone. New results from Holes 5-9 and an upgrade from further sampling of Hole 4 have yielded very positive results. In addition to these first assay results visual gold has been picked up in holes SMD-010 and SMD-011. Michael Masterman, Chairman of W Resources commented: “São Martinho SMD-009 is a very positive result with a very thick intersection of over 55m of gold at 2.34g/t. The result provides a solid base to drive extension drilling with the potential for materially larger resource. We are very pleased with the results from this drilling programme.” Further results from this diamond core programme at São Martinho will be progressively released as the assay results come through. | |
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