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Black Fire Minerals Secures Title Over Nevada Tungsten Copper Project

Details: Category: Tungsten's News; Published on Wednesday, 31 July 2013 09:05; Written by Yuri; Hits: 2292

Black Fire Minerals has reached an agreement with Pacific Gold Corporation to accelerate the transfer of the title to the Pilot Mountain Tungsten Copper project in Nevada by paying an initial US$350,000.

This will give Black Fire full title to the mineral claims covering the tungsten copper project, which has a JORC Resource of 6.79 million tonnes at 0.31% WO3, 22.8 grams per tonne silver and 0.17% copper.

The company has also agreed to pay PGC a further US$850,000 by 31 March 2014 to retain title to the claims.

Under the original agreement, Black Fire could only achieve title once it had paid all outstanding options totalling US$1.5 million by September 2015.

Black Fire is keen about the future prospects at Pilot Mountain as tungsten prices have risen about 25% to about US$410 per tonne in the calendar year to date.

Pilot Mountain is located about 250 kilometres southeast of Reno, Nevada. It is well served by nearby infrastructure, including sealed roads, nearby towns and mains power lines.

Besides the JORC Resource, the company’s drilling and compilations of historic data has also identified an Exploration Target of 10.8Mt to 12.5MT at between 032% and 0.35% WO3.

This reflects opportunities at the Garnet, Gunmetal and Good Hope prospects where historical drilling intersections require follow-up.

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Wolf Wants to Begin Mining By the End of 2014

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:11; Hits: 2188

Wolf wants to begin mining by the end of 2014 and expects the site at Hemerdon to be the "world's next major tungsten mining operation".

It is believed to be the fourth largest tungsten resource in the world and the company hopes to produce about 3,000 tonnes of tungsten and tin a year.

A £75m contract to build the new mine plant is also beginning. Mining was carried out there between 1919 and 1920 and again from 1934 to 1944, when production ceased.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Carbine Tungsten's Hard Rock Mine Schedules to Commence Production in 2014

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:02; Hits: 2237

Carbine Tungsten's aim of becoming one of the leading western producers of tungsten concentrate will be achieved through its Tailings Retreatment Project .

Which commenced production in 2012 along with the re-awakening of the Hard Rock open-cut mine which is scheduled to commence production in 2014.

Carbine Tungsten's strategy is to focus on tungsten production, and with the exception of its tin prospects at Mt Carbine and Tara (NSW) is in the process of joint venturing or selling its other prospects.

Carbine Tungsten's gold prospects have been spun out into a company called Gossan Hill Gold Limited which is currently 100% owned by Carbine Tungsten.

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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Hemerdon Tungsten Mine Development Starts

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 17:06; Hits: 2210

An Australian firm is pressing ahead with its plan to develop a tungsten mine near Plymouth. Wolf Minerals has received the first part of a £52m funding package, which was signed off last month.

It means the long-delayed purchase of 15 homes around the mine site can proceed. Tungsten, which is used the production of alloys and steels as well as armaments, light bulbs and as ballast for racing cars, was discovered at Hemerdon in 1867.

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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North American Tungsten Announces Issuance of Bonus Share Purchase Warrants

Details: Category: Tungsten's News; Published on Tuesday, 30 July 2013 16:58; Hits: 2192

North American Tungsten Corporation is pleased to announce that it has received TSX Venture Exchange approval for the issuance of an aggregate 5,000,000 common share purchase warrants .

To two directors in connection with the previously announced extension of the Company's CAD$12,000,000 working capital loan facility .

Each Warrant is exercisable for one common share of the Company at an exercise price of $0.20 per common share. The Warrants will expire on June 30, 2014.

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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