W Resources Reveals More Strong Results from Tungsten Project

W Resources revealed more strong results from its drilling programme on the La Parrilla tungsten project in south-west Spain.

These included an eight metre section at 0.29% tungsten trioxide, which is three times the average grade of the project.

The three holes in the latest batch of data are located between 200 metres and 640 metres from the main ore body and “continue the series of strong results from the extension drilling programme”.

The group is aiming to compile a JORC resource estimate for La Parrilla in the second quarter of this year and aims to be in production from the tailings at some point in the second half.

Chairman Michael Masterman said: "The board continues to be encouraged by the results on the extension drilling programme, with the process of further delineating a more significant increase in both the grade and tonnage of the resource at La Parrilla nearing completion.

“Drilling has been completed on budget and on schedule and we expect positive results from the re-estimation of the resources incorporating these results."

“With the final approval for the La Parrilla tailings project granted by the Mining Department of the regional authority of the Junta de Extremadura, the company is making good progress towards first production in the second half of the year.”

 

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