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W Resources completes drilling campaign at Tarouca licence in Portugal

The Aim-listed firm said the month long programme included 29 holes with 1,515 metres of total drilling, completed in lengths between 50 metres and 70 metres

tungsten
The exploration and development company said the full assay results are expected to be received in the third quarter of 2018

W Resources PLC (LON:WRES) has announced the completion of the reverse circulation (RC) drilling campaign at its Tarouca tungsten and tin exploration licence in Portugal.

The AIM-listed firm said the month-long programme included 29 holes with 1,515 metres of total drilling, completed in lengths between 50 metres and 70 metres.

READ: W Resources updates on Tungsten, Copper and Gold projects in Portugal

W Resources said intersections are expected from surface to a maximum of a 50 metre depth, based on the very distinctive mineralisation at surface.

The exploration and development company said the full assay results are expected to be received in the third quarter of 2018, following which the development team will model the mineralised lenses in order to advance a geological resource at Tarouca.

Michael Masterman, chairman of W Resources, said: “The RC drilling programme was completed in order to confirm the target exploration area, as well as provide a more in-depth understanding on several high-grade skarn lenses with a complex geological history (discontinuous mineralised bodies).”

He added: “Tarouca is located just 20km from Regua and we believe it has the potential to enhance and expand the Regua development.”

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Price: 0.3105 GBX

AIM:WRES
Market: AIM
Market Cap: £19.81 m
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