Following its recent announcements on beginning to draw down its financing facility and the award of its fixed price, fixed term EPC Contract for the design, construction

And commissioning of a 3 million tonne/year tungsten and tin mineral processing plant at Hemerdon in the UK to Perth’s GR Engineering,

Wolf Minerals has now announced the award of a pre-strip and mining contract for the project to UK contractor CA Blackwell (Contracts) Ltd.
 

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Black Fire Minerals (ASX: BFE) 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 (A$383,966).

This will give Black Fire full title to the mineral claims covering the 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.
 

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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.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Rising Chinese inflation is also likely to push tungsten prices higher. A number of companies in Europe are in the process of establishing new tungsten mines to try to meet the expected gap in supplies.

Ormonde Mining (LON:ORM) is awaiting final permitting for its Barruecopardo tungsten mine in Spain that will produce 227,000 tonnes per year.

W Resources (LON:WRES) is also busy in Spain, exploring and defining a new mine and tailings treatment plant at La Parilla in the south-west of the company.

In the UK, Wolf Minerals (LON:WLFE) has just started development of its Hemerdon project in Devon having agreed a financing package.
 

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