26th Apr 2018 13:13
LONDON (Alliance News) - W Resources PLC on Thursday said it has completed a reverse circulation drilling programme at its Tarouca tungsten and tin exploration licence in Portugal.
The exploration company said that the month-long drilling campaign involved 29 holes with 1,515 metres of total drilling, completed in lengths between 50 metres and 70 metres.
W Resources said it anticipates intersections from surface to a maximum of a 50 metre depth, based on the very distinctive mineralisation at surface.
Looking ahead, the company said that it expects to get the full assay results in the third quarter of the year. After that, W Resources said it intends to model the mineralised lenses in order to advance a geological resource at Tarouca.
"The reverse circulation drilling programme was completed in order to confirm the target exploration area, as well as provide a more in-depth understanding on several high-grade skarn lenses with a complex geological history," said Chairman Michael Masterman.
Shares in W Resources were trading 1.4% higher at 0.527 pence per share on Thursday.
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