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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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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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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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.
 

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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.
 

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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.

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LONDON-LISTED commodity firm Premier African Minerals has revealed that its flagship tungsten project in Zimbabwe could be in production before the end of this year.

Releasing a positive exploration update from the project ‒ which is located in the prospective Kamativi tin belt in north-west Zimbabwe ‒ the company confirmed that it had the potential to be developed into a low capital and operating cost tungsten mine in the near term.

Tungsten is used to make hard materials such as equipment used in the armaments, mining, petroleum and construction industries, as well as to make heavy metal alloys, steels and other chemical compounds.

Premier CEO George 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.”

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.

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.

“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.

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 locals.

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London, England---Premier African Minerals Limited ‒ the AIM-quoted multi-commodity natural resource company with mineral projects in West and Southern Africa ‒ says its flagship RHA tungsten project in Zimbabwe could be in production before the end of this year.

Releasing a positive exploration update from the project ‒ which is located in the prospective Kamativi tin belt in north-west Zimbabwe ‒ the company confirmed that it had the potential to be developed into a low capital and operating cost tungsten mine in the near term.

A 1,302m, five-hole diamond drilling programme undertaken at RHA, confirmed significant tungsten oxide values, and also uncovered two, potentially three, previously unknown, well mineralised quartz veins lying in the hanging wall of the existing lode system, the update revealed. Further detailed examination and sampling of the DD drill core had been completed, and the results were due this quarter

The update added that further low-cost surface trenching and sampling would be undertaken in Q1 of 2013 to confirm the surface location and extent of the hanging wall lodes. Release of a SAMREC-compliant resource remained on target for H1 of 2013.

3D Data-mine modelling was underway, and the completed model will be used as the basis for a concept mine technical and economic study targeted to commence at the end of this quarter.

Premier CEO George 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.”

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Tungsten ore resources exploration Malipo County through the integration of mineral resources and the establishment of Geology and Mineral Resources, academician workstation has achieved a major breakthrough, the probe was to the end of tungsten ore reserves of 53 million tons to reach the super-large-scale monomer mine reserves ranked second in the country.

In order to give full play to the effectiveness of the the Malipo dominant mineral resources of tungsten ore, the county tungsten ore resource integration. Integration success for mine basis of Geology and Mineral Resources Research weak, much-needed high-level research team to carry out the actual work, Malipo County and Zijin company actively seeking intellectual support and cooperation with the Geological Survey Institute of China University of Geosciences, the Chinese Geological University for the technical support unit, Zijin Mining Group southwest geological Exploration Institute for the exploration unit, in the the Malipo establishment of a first of Geology and Mineral Resources, academician workstation, the introduction of the Division of Earth Sciences, Chinese Academy of Sciences, Zhai Li big, Mo 3 team leader in the Chinese Academy of Sciences, to Malipo in Laojunshan tungsten polymetallic ore genesis and metallogenic prediction research, carry of Malipo Laojunshan tungsten polymetallic ore field mineralization background, Structural Control of Ore genesis into The mine forecasts, provide the scientific basis for the deposit to find.

Academician workstation set up, to procure tungsten ore resources exploration major breakthrough, one of the super-large deposits were found and evaluation, a medium-sized deposits of large deposits of two, two small deposits; 2011 Preliminary resource of 300,000 tons, Revisited the end of 2012 was 230,000 tons, currently the Malipo tungsten reserves and mineral resources has increased from 70,000 tons to 530,000 tons. Some ore segment, such as the value of copper, tin contribution rate exceeds tungsten, discounted economic value, to develop a mine at the same time, also equal to and recycling a mine, and the main ore body is yet to trap Malipo tungsten ore resources has good prospects.

It is understood that the establishment of Malipo tungsten ore resource integration and academician workstation, the current effectiveness has been gradually revealed, enterprises with good economic, ecological environment protection, improve resource utilization, certainly by the Ministry of Land and Resources for the integration of resources and exploration "Malipo mode.


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The U.S. and Europe may have been skirting the edge of financial peril for years, but Christopher Ecclestone, who is the principal and mining strategist of London-based Hallgarten & Co., told The Metals Report that the gold price should drop this year as investors realize that there's no more cause for panic. However, the frank and expressive Ecclestone has plenty of other suggestions for what's "sexy" this year (zinc, copper and specialty metals), even as he rips into "business as usual" gold majors and chastises any management team with the nerve to offer a 0.5% dividend.

Christopher believes that the metal market will recover in 2013. Why is this? He said that We'll have a different type of recovery than we've had in the past, when everything was driven by the financial industry and house price inflation. The U.S. keeps driving along the edge of the cliff like Thelma and Louise, but never actually going over.

I get the feeling that there will inevitably have to be a recuperation. The ducks are in the row now for an industrial recuperation—probably a construction-led one. I'm not talking about a rip-roaring recovery, but there is such a delicate balance in base metals between supply and demand that it doesn't take much recovery to vacuum up lingering stocks and tip the markets back into a deficit situation again.

Christopher Ecclestone is a principal and mining strategist at Hallgarten & Co. in New York. He is also a director of Mediterranean Resources, a gold mining company listed on the Toronto Stock Exchange, with properties in Turkey. Prior to founding Hallgarten in 2003, he was the head of research at an economic think tank in New Jersey. Before moving to the U.S., he was the founder and head of research at the esteemed Argentine equity research firm Buenos Aires Trust Co. from 1991 until 2001. Prior to his arrival in Argentina, he worked in London beginning in 1985 as a corporate finance and equities analyst and as a freelance consultant on the restructuring of the securities industry. He graduated in 1981 from the Royal Melbourne Institute of Technology.


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