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W Resources Plc

W Resources Plc High Grade Tungsten Intersections at Régua

W Resources Plc (LON: WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, has today reported high-grade intersections from recent Diamond Core and Reverse Circulation drilling at its Régua mine development in Northern Portugal.

The Company has completed over 2.73 km of drilling comprised of 916 metres of diamond core drilling plus 1,809 metres of RC drilling.

The results confirm thick higher grade zones closer to the planned mine portals chosen for initial mining operations including 29 metres at 0.75% WO3 from hole RGR015 and 6 metres at 0.43% WO3 from hole RGR020.

The next phase will be to complete the updated Resource estimates and mine optimisation planning to incorporate these new results which are expected to increase plant feed grades in the planned initial mining phase.

Key results from the DC drilling programme include:

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

Michael Masterman, Chairman of W Resources, commented:

“The exceptionally good drilling results at our Régua tungsten project in Portugal bode well for increases in mine feed grades and overall resource tonnages. The high grade zones are thicker and closer to the planned two mining portals, indicating the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans.”

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