LONDON (Alliance News) - W Resources PLC Monday reported high grade tungsten mineralisation from its drilling programme at its Tarouca project in Portugal.
The tungsten and gold exploration and development company with assets in Spain and Portugal said in combination with its recently granted Régua trial mining licence, the Régua and Tarouca projects are now showing the potential for critical mass in a northern Portugal tungsten production hub.
W Resources said the best results from the first ten holes included one at 3.09 metres with 0.43% Tungsten Trioxide from 8.18 metres.
W Resources shares were quoted down 1.1% at 0.870 pence Monday morning.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
Copyright 2014 Alliance News Limited. All Rights Reserved.