6 Mar 2014 07:00
06 March 2014
W Resources Plc
("W" or the "Company")
Drilling Starts at High Grade Tarouca Project
W Resources Plc (AIM:WRES), a tungsten and gold exploration and development company with assets in Spain and Portugal, announces that 1,500 metres of core drilling has commenced at its Tarouca Project, which covers former tungsten and tin mines located 400 km north of Lisbon.
The first hole intersected tungsten mineralisation at 15 metres and W expects strong results from the drilling programme, which will be completed over the next four months.
Michael Masterman, Chairman of W Resources, "The drilling campaign at Tarouca will support the exceptional trenching results announced in 2013 and the assay results will be released in due course."
The trenching and sampling results previously released on 24 October 2013, can be found on the Company's website at - http://www.wresources.co.uk/wp-content/uploads/2013/10/20131024-WRES-Trenching-at-Tarouca-Continues.pdf
Enquiries:
W Resources Plc | Grant Thornton UK LLP |
Michael Masterman | Colin Aaronson / Melanie Frean / Jen 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 Tarouca
Through its 100% owned subsidiary Iberian Resources Portugal (IRP), W Resources owns the Tarouca exploration licence, which includes the former Tarouca tungsten mines and several other tungsten and/or tin deposits covering an area of 48 km² which is located 400 km North of Lisbon and 140km East of Porto, in the municipality of the town of Tarouca. The licence was awarded to IRP in March 2012.
In 2013, detailed mapping and sampling of old workings, mineral occurrences and mineralised outcrops and trenching was completed. 250 grab samples produced exceptional grades of 2.5%, 5.8%, and 9.4% WO3 and trenches returned 7.2 metres of 0.86% WO3, including 6.0 metres at 1.02%. 7.6% of the 250 samples produced values in excess of 0.3% WO3.
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 39 years' experience in the Exploration and Mining Geology industry. Mr de la Fuente holds a B.Sc. in Geology and an 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.