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W Resources Plc

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Summary

Project:

CAA/Portalegre

Deposit:Sao Martinho
Location:Portugal
Commodities:Gold
Date:6/8/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:8-6-2016: W Resources Plc announces a Resource Estimation report for its Sao Martinho deposit at the CAA/Portalegre project. Initial mineral resource estimation for project. W Resources Plc (AIM:WRES), the tungsten, copper and gold, exploration and develo
Resources:(Resource, I+I): 3.04Mt @ 1.04g/t Au for 111987oz Au contained at Sao Martinho
CP/QP:[Resources]: not stated (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 a maiden JORC resource at its São Martinho Gold Deposit, which forms part of the CAA Portalegre licence in Northern Portugal. Golder Associates carried out the mineral resource estimate and concluded that the total resource estimate is 3Mt at 1.04g/t gold, which equates to 111,987oz in contained gold. To date, W Resources has only completed a limited confirmatory drill programme at the project and the maiden JORC compliant mineral resource estimate provides a basis from which the Company will look to upgrade the quality and size of the resource. High-grade intersections included: Hole POR 96-2: 14.0m at 7.52 g/t Au from 31.0m, including 2.0m at 49g/t from 31.0m and Hole 96-5: 8.0m at 6.5 g/t Au from 27.0m, which indicate the potential for delineation of additional higher-grade zones.

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