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W Resources Plc

INTERVIEW: W Resources Plc High-grade intersections at Régua mine Northern Portugal

W Resources Plc (LON: WRES) Chairman Michael Masterman joins DirectorsTalk to discuss high-grade intersections from recent Diamond Core and Reverse Circulation drilling at its Régua mine development in Northern Portugal. Michael talks us through the key points, explains what this means for the company, the next steps at Régua and what else investors should look out for over the coming months.

Key results from the DC drilling programme include:

Hole ID

Dip

Depth (m)

From (m)

To (m)

Drilled width (m)

WO3%

RGD034

-60

140

9.35

21.90

12.55

0.68

79.95

91.95

12.00

0.64

RGD035

-90

200

154.30

159.10

4.80

0.44

RGD036

-75

190

109.50

121.50

12.00

0.39

140.80

156.00

15.20

0.43

RGD040

-90

160

132.42

136.08

3.66

0.84

 

Key results from the RC drilling programme include:

Hole ID

Dip

Depth (m)

From (m)

To (m)

Drilled width (m)

WO3%

RGR015

-90

100.00

41.00

45.00

4.00

0.50

48.00

77.00

29.00

0.75

RGR016

-90

104.00

58.00

62.00

4.00

0.44

RGR020

-90

140.00

71.00

77.00

6.00

0.43

79.00

91.00

12.00

0.26

93.00

97.00

4.00

0.90

RGR021

-90

160.00

93.00

97.00

4.00

0.58

RGR023

-90

190.00

99.00

106.00

7.00

0.42

161.00

168.00

7.00

0.31

 

W Resources Plc owns a permit for the exploration of the Régua tungsten deposit located 400km North of Lisbon and 95km East of Porto in the municipality of the town of Armamar. The Company was awarded a trial mining licence by the Portuguese Ministry for the Environment, Territorial Planning and Energy in June 2014.

Régua tungsten deposit has a resource of 5.46 million tonnes grading 0.28% WO3, at a cut-off of 0.1% WO3, covering an area of 8km². The deposit has not been previously mined and is located close to infrastructure with good road access.