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Premier African Minerals Strikes Tungsten Veins in Zimbabwe

Details: Category: Tungsten's News; Published on Thursday, 21 February 2013 14:55; Written by jiang; Hits: 2384

Premier African Minerals, the London AIM market listed natural resources company has revealed the discovery of two “well mineralised” veins that could see the company expand into Zimbabwe through the opening of a low-cost tungsten producing mine.

The company is expecting to venture into tungsten mining in the Kamativi tin belt in Zimbabwe, saying it will commence operations “in the near term”. Zimbabwe is considered a lucrative destination for mining investors despite concerns around the country’s empowerment policy, which compels foreign firms to cede 51 percent shareholding to black groups.

“This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drill hole intersections, and highlights the exceptional prospectivity of our RHA tungsten project,” said George Roach, the company’s chief executive officer.

He said Premier African Minerals was planning to carry out further surface trenching and said sampling was scheduled to be undertaken before the end of March. This would be undertaken to ascertain and confirm the mineral surface location and establish other details.

“It is now our intention to conduct low-cost surface trenching and sampling to confirm the extent of these newly identified quartz veins and define a maiden SAMREC compliant resource in H1 2013.

“In tandem with this, we are also completing a conceptual mine study, which will determine the most beneficial and cost-effective method of exploiting the known extent of the RHA deposit,” he added.

The company has previously said it had struck an agreement in Mali that would see it retain exposure to its properties in the West African country as well as the highly prospective Danakil property, in Ethiopia, through its shareholding in EPC.

Under this arrangement, Premier African Minerals will be able to avoid significant exploration costs in ascertaining and quantifying the significance of the projects.

“On a wider level, we continue to implement our business strategy of building shareholder value through strategic, cost-effective acquisitions and joint-venture partnerships, while advancing our multi-commodity portfolio that already consists of preproduction assets and early-stage exploration projects, primarily in Zimbabwe and Togo,” Roach said.

Apart from its Zimbabwe expansion through the planned tungsten mine, Premier African Minerals reported last month that three of its Southern Togo exploration permits for a project covering phosphates, uranium and rare earth mineral deposits had been renewed another two years.The company, a multi-commodity natural resource company, has mineral projects located in Western and Southern Africa.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Customize Yourself on Tungsten ToolWorks Website

Details: Category: Tungsten's News; Published on Thursday, 21 February 2013 14:16; Written by jiang; Hits: 2421

Website allows customers to customize their own solid carbide cutting tool and receive a quote.

Tool Alliance launched a new and improved version of the Tungsten ToolWorks website. On the website, customers can customize their own solid carbide cutting tool and receive a quote.

Customers can register on the website for free and create an endless amount of customized tools. The quote stay in a folder and orders can be placed immediately or months later. There are numerous options to choose from while creating tools, including square or ball ends, necking, different types of coating, and more.

David Povich, president, Tool Alliance, states, “We are thrilled with the new website. We pride ourselves on customer satisfaction, and tungstentoolworks.com allows us to give the customer exactly what he or she needs, when they need it, with superb quality. Tungsten ToolWorks was the first online quotation and ordering system in the cutting tool industry, and with the new launch, we've taken the model to an entirely new level.”

All orders through the website are available through leading distributors or can be placed factory direct.

You can also visit ours website www.chinatungsten.com custom tungsten related products that you need, we will be happy to serve you!

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten Market Quotes Comment Recently

Details: Category: Tungsten's News; Published on Wednesday, 20 February 2013 17:46; Written by jiang; Hits: 2303

Recently, most of the tungsten ore held cargo businesses in a wait state, some businesses may still leave, for the time being has not yet returned to the market. APT appears to rise slightly, the Tungsten iron quotations difference is slightly larger, up to 178,000 yuan / ton.

So, after the Chinese New Year Tungsten market performance stable and poised, the prices of some products are exploration up the signs, Tungsten raw materials market is affected by the weather affect the return to work is not easy, the middle and lower reaches of enterprises increased exercise alone but poor turnover.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Colt to Sign Contracts to Explore for Tungsten, Gold in Portugal

Details: Category: Tungsten's News; Published on Thursday, 21 February 2013 13:49; Written by jiang; Hits: 2374

Colt Resources Inc., a mining company, will sign two contracts with the Portuguese government today to look for tungsten and gold in the north of the country, the company said.

Colt, based in Montreal, expects to invest about 97 million euros ($129 million) in its search for tungsten and gold deposits in the towns of Tabuaco and Penedono, it said in an e- mailed statement today.

The company signed a three-year exploration deal with the government in 2011 to look for gold at Boa Fe, near the town of Montemor, and plans to start production in early 2014, Chief Executive Officer Nikolas Perrault said last year.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Premier African Minerals Says RHA Project Could Be Produced by end-2013

Details: Category: Tungsten's News; Published on Wednesday, 20 February 2013 17:21; Written by jiang; Hits: 2422

Premier African Minerals (LON:PAM) is confident its flagship RHA tungsten project is ripe for development after a positive exploration update.

Sampling confirmed significant tungsten oxide values, with the best values being: hole DD003 – weighted average of 0.46% WO3 (tungsten trioxide) over a 15 metre intersection width; DD004 – weighted average 0.65% WO3 over six metres; DD006 – weighted average 1.33% WO3 over three metres.

Drilling has uncovered two, potentially three, previously unknown, well-mineralised quartz veins lying in the hanging wall of the existing lode system, the company added.Further low-cost surface trenching and sampling will be undertaken in the first quarter of 2013 to confirm the surface location and extent of the hanging wall lodes.

Premier's chief executive officer George Roach said: "This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drill hole intersections, and highlights the exceptional prospectivity of our RHA tungsten project.”

“The conceptual study will consider the possibility of early and low-cost production from the recently discovered outcropping mineralised quartz veins, and from existing tailings dams and dumps,” Roach said.

“Given the availability of water and power at our RHA property, and the relative simplicity of the required processing plant, we believe that we will be able to commence development with a view to production potentially before the end of 2013," Roach added.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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