Proactive Investors - Run By Investors For Investors

W Resources hits high grade drilling intercepts at Régua tungsten project in Portugal

The new drill results will be incorporated into an updated resource estimate
W Resources hits high grade drilling intercepts at Régua tungsten project in Portugal
W Resources chairman Michael Masterman

W Resources PLC (LON:WRES) shares rose on Monday as the firm said it hit high-grade intersections from recent diamond core and reverse circulation drilling at the Régua mine development in Northern Portugal.

The company has completed over 2.73 kilometres of drilling comprising 916 metres of diamond core drilling, plus 1,809 metres of RC drilling.

WATCH: W Resources showcases new La Parilla jig and concentrator in Spain

The results confirm thick higher grade zones closer to the planned mine portals, including 29 metres at 0.75% tungsten trioxide (WO3) and six metres at 0.43% WO3.

The next phase will be to complete the updated resource estimates and mine optimisation planning to incorporate these new results which are expected to increase plant feed grades in the planned initial mining phase.

"The exceptionally good drilling results at our Régua tungsten project in Portugal bode well for increases in mine feed grades and overall resource tonnages,” said W Resources chairman Michael Masterman.

“The high-grade zones are thicker and closer to the planned two mining portals, indicating the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans."

In afternoon trading, shares in W Resources were 4.4% higher at 0.47p.

 -- Adds share price --

View full WRES profile View Profile

W Resources PLC Timeline

Related Articles

Piedmont's Carolina location map, showing nearby mines and lithium processing facilities
April 23 2019
Piedmont Lithium is a large landholder in North Carolina pursuing regulatory approvals for its Piedmont US-lithium project.
The high-grade Aucu project on a Kyrgyzstan map
January 22 2019
White Cliff Minerals has a portfolio of projects, including a high-grade gold project in the Kyrgyz Republic and nickel-cobalt battery minerals projects in Western Australia. The company is undertaking a review of its assets, hoping to determine how it can maximise value and save on costs.
graphene
April 03 2019
As its name indicates, graphene is extracted from graphite, the material used in pencils

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use