logo-loader
viewW Resources PLC

W Resources on course for first mining at La Parilla next year

Recent infill drilling at the La Parilla tungsten project confirms W Resources in its progress to first production from mining next year

La-Parrilla.jpg
Plant at La Parilla

W Resources has completed the latest round of infill drilling at its La Parilla tungsten project in Spain.

The results from the drilling will feed into an updated resource and initial reserve for La Parilla which is due for release towards the end of the year.

That in turn will form the basis for the initiation of mining, due in 2016.

The company already has some production from the reprocessing of mine waste from old workings.

Among the better intersections returned from the first four holes were 11.26 metres at 0.17% tungsten trioxide (WO3), 16.5 metres at 0.128% WO3, and 17.49 metres at 0.126% WO3.

W Resources chairman Michael Masterman also highlighted the high levels of tin coming from some of the holes which, he said, “bodes well for tin concentrate production.”

The drill rig has now moved to the adjacent La Parilla West area of the W Resources license.

The plan is to drill between two and four holes here in the hope that something along the lines of the previously reported intersection of 32 metres at 0.55% WO3 can be achieved.

More broadly the plan is to define an initial mine pit target in what the company called “a large and highly prospective area”.

“We are looking to add a second higher grade open pit,” said Masterman.

 

 

Quick facts: W Resources PLC

Price: 0.395 GBX

AIM:WRES
Market: AIM
Market Cap: £24.55 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of W Resources PLC named herein, including the promotion by the Company of W Resources PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

W Resources aims for large-scale production after first T2 mine blast at La...

W Resources PLC (LON:WRES) chairman Michael Masterman tells Proactive Investors about the first T2 mine blast at the La Parilla Tungsten Project in western Spain, successfully shot on April 30, 2019.    Masterman said the event was significant for the company and represented...

on 2/5/19

2 min read