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% WO_3.

“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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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.

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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