Colt Gets Tungsten And Gold Mining Licenses
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- Category: Tungsten's News
- Published on Friday, 22 February 2013 16:32
- Written by jiang
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Montreal-based explorer Colt Resources(GTP-V) tumbled to a new 52-week low after announcing it received two experimental mining licenses allowing it to advance its tungsten and gold exploration projects in Portugal, likely not the reaction the company was anticipating. The stock dropped nearly 16% to close Feb. 20 at a year low of 32.5¢. The next day it shares rebounded, gaining 17% to end at 38¢.
Government officials granted the junior a 45-sq.-km experimental mining licence or EML for its Tabuaço tungsten project located some 300 km north-northeast from the country’s capital Lisbon and 100 km east-southeast of Porto.
The advanced-stage tungsten project sits near the city of Vila Real in Colt’s 100%-owned 218-sq.-km Armamar-Meda exploration concession, which partially surrounds its Penedono and Moimenta-Almendra concessions.
The EML covers the Tabuaço skarn-type tungsten deposits, including the Sao Pedro Aguias (SPA) and Aveleira tungsten resource areas, exploration targets on the SPA-Aveleira Gap, the Quinta-Tavora zone, and the East bank of the Tavora River.
The licence came after Colt spent nearly six years exploring the property, after staking it directly from the Portuguese government in December 2007.
Since then the junior — with big ambitions of bringing the country’s next gold and tungsten mines on stream in the next two to three years — carried out extensive outcrop sampling work followed by a diamond drilling program. To date, it has punched more than 100 holes or 11,400 metres at Tabuaço to help delineate a NI 43-101 mineral resource.
The most recent estimate, published last October, show the SPA and Aveleira deposits host 1.49 million tonnes grading 0.55% tungsten trioxide (WO3) in indicated, with another 1.23 million tonnes of 0.59% WO3 in inferred, using a 0.3% cutoff grade.
While the Montreal-based entity aims to keep exploring the tungsten property, its experimental mining program will focus on the SPA deposit, where it will excavate an access adit and a vertical shaft to test the proposed mining method, evaluate the rock mechanical conditions, and recover a bulk sample to complete pilot ore concentration work.
Earlier this year, Colt provided a small representative sample of drill core to a Chinese metallurgical services provider to test recoveries. It reported flotation followed by acid leaching returned overall tungsten recoveries of 87%, as well as a final concentrate grading around 70% WO3 from an ore sample containing 0.64% WO3.
“These final metallurgical test results further demonstrate the potential to develop a successful tungsten mining operation at Tabuaço,” Nikolas Perrault, the company’s CEO, stated in a Jan. 30 release.
Colt intends to wrap up a preliminary economic assessment on the project by July, Perrault said, adding it is actively pursuing a joint-venture partner for Tabuaço so it could concentrate on its gold projects.
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High-temperature Resistant Tungsten Alloy Rod from China Is Significant to Aero Engine
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- Category: Tungsten's News
- Published on Thursday, 21 February 2013 21:28
- Written by TungstenAlloy
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At the beginning of this century, when Inner Mongolia North Heavy Industries Group seeked a strategic value of technology from abroad, encountered many setbacks; however, though that company was suffering a setback but then braved. Many decades, North Heavy Industries Group adheres to innovation; constantly breaks the foreign technology blockade, finally to fill a blank in the field of high-end equipment manufacturing in China.
Read more: High-temperature Resistant Tungsten Alloy Rod from China Is Significant to Aero Engine
Premier African Minerals Strikes Tungsten Veins in Zimbabwe
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- Category: Tungsten's News
- Published on Thursday, 21 February 2013 14:55
- Written by jiang
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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.
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Premier to Produce from Zim Tungsten Mine
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- Published on Thursday, 21 February 2013 15:49
- Written by jiang
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Commodity natural resources company Premier African Minerals yesterday said a recent exploration update from its flagship RHA tungsten project, in Zimbabwe, indicated the potential for development of a low-capital and low-operating-cost mine in the near term.
A five-hole diamond drilling programme undertaken on site confirmed significant tungsten oxide values.
“This update has revealed significant tungsten mineralisation in the form of very coarse wolframite crystals hosted by quartz veins identified from drillhole intersections and highlights the exceptional prospectivity of our RHA tungsten project,” Premier chief executive officer George Roach said in a statement.
Drilling had also potentially uncovered three previously unknown, well-mineralised quartz veins in the existing lode system. Further low-cost surface trenching and sampling would be undertaken in the first quarter of the year to confirm the surface location and extent of the hanging wall lodes, with a South African Mineral Codes-compliant resource on target for completion within the first half of the year.
“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,” Roach added.
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Customize Yourself on Tungsten ToolWorks Website
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- Category: Tungsten's News
- Published on Thursday, 21 February 2013 14:16
- Written by jiang
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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!
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