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W Resources reports high-grade tungsten at Tarouca licence in Portugal

The AIM-listed firm said its 1,515 metre Reserve Circulation drilling campaign at its Tarouca Tungsten and tin exploration licence has identified very high tungsten grade intersections

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The company said the RC rig has successfully completed 2,000 metres of drilling at the Sao Martinho

W Resources PLC (LON:WRES) has said its advanced exploration in Portugal is progressing well, with high-grade tungsten zones identified at Tarouca.

The AIM-listed firm said its 1,515 metre Reserve Circulation (RC) drilling campaign at the Tarouca Tungsten and tin exploration licence has identified very high tungsten grade intersections. The next step will be resource modelling with a view to prepare a trial mine application later this year.

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The company said the RC rig has successfully completed 2,000 metres of drilling at the Sao Martinho gold deposit in Central Portugal.

Also, the RC rig has now been mobilised to the Azeiteiros copper mine and target anomalies, where a 2,000 metre RC drilling campaign will be completed through June and July.

Michael Masterman, chairman of W Resources, said:  "We have intersected some very high-grade tungsten zones at Tarouca and are increasingly confident that this project can provide additional high-grade feed to our Régua mine development, just 20km to the north.”

He added: “The results provide greater clarity on the geological structure and the potential to follow grade extensions. Work will shortly commence on a resource estimate and planning for a trial mine application.”

"Our advanced tungsten, gold and copper exploration programme is in full swing and we look forward to advancing São Martinho, the completion of the drilling at Azeiteiros and the target copper anomalies being identified later this year," he concluded. 

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Price: 0.295 GBX

AIM:WRES
Market: AIM
Market Cap: £18.82 m
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