24 Oct 2013 09:39
24 October 2013
W Resources Plc
("W" or the "Company")
Trenching at Tarouca Continues to Deliver Exceptional Results
W Resources Plc (AIM:WRES), the tungsten and gold exploration and development company with assets in Spain and Portugal, announces exceptional results from its current exploration programme at Tarouca, which covers 48 km² of former tungsten and tin mines 140 km East of Porto in Portugal.
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%. The overall programme, which consists of detailed mapping and sampling of old workings, mineral occurrences and mineralised outcrops and trenching, has delivered strong results with 7.6% of the 250 samples assayed being in excess of 0.3% WO3.
With this information W has now delineated the high value targets and defined a 1,500m drilling programme which will commence in Q1 2014.
Mr Michael Masterman, Chairman of W commented: "We are delighted to have identified the high value targets at Tarouca and now be in a position to commence the drilling programme in the new-year. This combined with the achievements of nearing production on budget and on time at La Parrilla tailings are testament to the valuable achievements by both management teams in Spain and Portugal."
The La Parrilla tailings plant continues to accelerate toward completion. The pre concentration plant is near completion and is expected to commence commissioning in November 2013. Photographs of the current development are shown on the Company's website at http://www.wresources.co.uk/category/media/image-library/
Enquiries:
W Resources Plc | Grant Thornton UK LLP - Nomad |
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 - Broker | 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 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.
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 38 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.