10th Jul 2015 07:27
LONDON (Alliance News) - W Resources PLC on Friday said it has completed the final stage of infill drilling at the La Parrilla Fast Track Mine in Spain.
The drilling rig has now been moved to the La Parrilla West area at the project, with a plan to define a second and potentially materially-higher grade open pittable resource, the company said.
"Infill drilling of the initial mining area is complete and the results will flow through to revised resource and reserve estimates, which we anticipate will be completed in the fourth quarter. The results were notable for higher than expected tin intersections that bodes well for tin concentrate production," said Chairman Michael Masterman.
W Resources shares were down 0.8% to 0.263 pence early Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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