27 Jul 2016 07:00
27 July 2016
W Resources Plc
("W" or the "Company")
Mining Commences at La Parrilla with First Mine Blast
W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to announce that hard rock mining at its La Parrilla Tungsten project in Spain started yesterday with the first blast at the mine shot successfully at 14.00 CET.
The explosive blast covered the first two 10 metre benches in the Fast Track Mine area and open up directly accessible ore to the mine operation.
RC drilling of 20 holes on the South and North lateral extensions of the pit have been completed and sample preparation for assays is now underway at the new La Parrilla lab facilities. Visual geological estimation under UV light of the t grid of RC holes and mine blast holes has added significant additional definition to the target mining area.
Michael Masterman, Chairman of W Resources said: "The first mine blast at La Parrilla is a significant event for W Resources and kicks off the commencement of hard rock mining operations. The explosive blast was completed successfully with the highest level of safety and supervision. Preparation for blasting with RC drilling and blast hole drilling has reconfirmed our high level of confidence with regard to a large lateral extension of the La Parrilla ore body to the South at potentially higher grades, based on site analysis with an XRF"
The next steps involve completion of grade control assays and mine planning and mine ore preparation. Process plant upgrades are planned to commence in September with concentrate production remaining on track for Q4 2016.
Enquiries:
W Resources Plc Michael Masterman T: +44 (0) 20 7193 7463 www.wresources.co.uk | Grant Thornton UK LLP Colin Aaronson / Jen Clarke / Harrison Clarke T: +44 (0) 20 7383 5100 |
SI Capital - Joint Broker Andy Thacker / Nick Emerson T: +44 (0) 1483 413500 www.sicapital.co.uk |
Gable Communications Justine James T: +44 (0) 20 7193 7463 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 mineral resource estimated by Golder in February 2016 at 0.04% WO3 cut-off grade is 51 million tonnes at 0.096% WO3 and 0.108 Sn, 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, is a 'qualified person' in respect of the AIM Rules for Companies with over 41 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.