viewW Resources PLC

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 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 --

Quick facts: W Resources PLC

Price: 0.155 GBX

Market: AIM
Market Cap: £10.39 m

Add related topics to MyProactive

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


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...



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