5th Jun 2015 07:00
5 June 2015
W Resources Plc
("W" or the "Company")
Fast Track Mine Infill Drilling Advances at La Parrilla
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, exploration, development and production company with assets in Spain and Portugal, has completed approximately 950 metres of a 1,500 metre diamond infill drilling programme at its La Parrilla Fast Track Mine ("FTM"), as part of the 2015 development programme for this project in Spain.
La Parrilla Mine has an Australasian Joint Ore Reserves Committee (JORC) Inferred Resource of 46.92 Mt at 0.09% WO3. The infill drilling programme will define the mine plan for the initial mining operations and W expects an increase in the size and an upgrade in the quality of the resource definition. Holes ranging in depth from 90m-120m are being drilled in the area immediately adjacent to the original mining pit, which contains the existing resource.
The results from the first phase of the Definition Study for La Parrilla will be released later in June and subsequent resources and reserve increases incorporated in the September quarter.
Michael Masterman, Chairman of W Resources commented: "The infill drilling programme is proceeding quickly and with good tungsten intersections and the assay results will be progressively released to the market as they become available. This programme is a core component of the FTM development, which forms the first stage of the world-class La Parrilla mine development."
A graphic showing the infill drill holes can be found on the 'La Parrilla Mine' page of the Company website www.wresources.co.uk.This includes recently drilled diamond core showing the coarse grain tungsten intersections.
Enquiries:
W Resources Plc | Grant Thornton UK LLP |
Michael Masterman | Colin Aaronson / Jen Clarke / Harrison Clarke |
T: +44 (0) 20 7193 7463 | T: +44 (0) 20 7383 5100 |
www.wresources.co.uk | |
SI Capital | Gable Communications |
Andy Thacker / Nick Emerson | Justine James |
T: +44 (0) 1483 413500 | T: +44 (0) 20 7193 7463 |
www.sicapital.co.uk | M: +44 (0) 7525 324431 |
About La Parrilla
The La Parrilla project site is situated in the Extremadura region of southwest Spain, in the Provinces of Caceres-Badajoz, approximately 310 km southwest of Madrid. The site has exceptional infrastructure in place which is accessed directly from the highway along a 3 km asphalt road and is serviced by electricity and water. The project comprises a tungsten mine and a tungsten tailings project. The mine resource estimated by Golder in June 2013 is 46.92 million tonnes at 0.09% WO3, making it one of the largest tungsten deposits in the western world.
Technical information in this report and on the W website has been prepared in accordance with the JORC Code and approved for inclusion by Mr Fernando de la Fuente, who is a "qualified person" in respect of the AIM Rules for Companies with over 40 years' experience in the Exploration and Mining Geology industry. Mr de la Fuente holds a B.Sc. in Geology and a MSc in Geology from the University of Granada in Spain. He is also a member of the Spanish College of Geologists (Number 49), the Spanish Society of Mineralogy, founder member of the Spanish Society of Geology, member of the Spanish Association of Applied Geology to Mineral Deposits, member of the Society for Mining, Metallurgy and Exploration, Inc., member of PDAC.
Related Shares:
WRES.L