|September 27, 2012|
Blackheath Resources Starts Drilling at the Covas Tungsten Project
|Blackheath Resources Inc. (TSXV: BHR) is pleased to announce the start of an initial diamond drilling program at its Covas Tungsten concession in northern Portugal. The initial program will include between 1,600 metres and 2,100 metres of drilling to test and expand the known zones of tungsten mineralization on the property, as recommended by Barry Price, M.Sc., P.Geo. in a NI 43-101 Technical Report updated on May 8, 2012. Initial holes will test the Telheira zone, followed by testing of the Lapa Grande area, and results will be reported when available.|
Covas is a past producer of tungsten and historic resources (indicated and inferred) on the property have been estimated at 922,900 tonnes of 0.78% WO3 (tungsten trioxide) and mineralization is open to expansion. The price of tungsten has doubled over the past two years and is currently approximately $36 per kilogram of contained tungsten trioxide. (These resources are historic in nature and have not been verified by the Company or its consultants but are believed to be relevant although not compliant with current NI43-101 standards.)
The property is located about 100 kilometres north of Porto, Portugal's second largest city. Historic records show that past production from the mine between 1951 and 1974 totalled 366,000 tonnes at 0.61% WO3. Ore was mined from an open pit and shallow underground workings and processed using gravity and flotation methods, producing separate wolframite and scheelite mineral concentrates. Subsequent exploration by Union Carbide and others, from 1974 until 1980 when the price of tungsten plummeted, included 329 diamond drill holes, testing part of the property and resulting in the determination of the historic resource estimates in the so-called "Skarn Ring". Little work has been undertaken since that time and confirmation and extensions of these zones are being tested in the current program.
Exploration performed by Avrupa Minerals Ltd. and Blackheath over the past three years in the central Covas Dome area, within the Skarn Ring, has confirmed additional magnetic anomalies and also surface geochemical anomalies for tungsten, which were not previously known. In addition, recently-identified surface soil anomalies for gold, together with very limited rock sampling to date, have indicated the potential for an intrusive-related gold system. These are new targets for exploration and will also be tested in the current program, which is expected to continue until the end of the year.
Blackheath holds an option from Avrupa to earn up to an 85% interest in a joint venture on the project, after incurring minimum exploration expenditures of €1 million in two stages to earn a 70% interest followed by completion of a prefeasibility study to earn the additional 15% interest.
Blackheath Resources Inc. is a recently listed company on the TSX Venture Exchange, focused on tungsten exploration in Portugal. The management of the company has previous experience in tungsten mining operations in Portugal through Primary Metals Inc., the operator of the Panasqueira Tungsten Mine from 2003 to 2007. Further information about the company's activities may be found at www.blackheathresources.com and under the company's profile at www.sedar.com
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company, focused on aggressive exploration, using a project generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo and Germany.
On behalf of the Board,
James Robertson, P. Eng., CEO, President & Director
For further information contact James Robertson at email@example.com
This news release was prepared by Company management, who take full responsibility for its content. James Robertson, P.Eng. is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Fri Oct 19, 2012, Blackheath Announces Letter of Intent for Bejanca Tungsten/Tin Project
You can view the Previous News Releases item: Wed Sep 26, 2012, Blackheath Resources Appoints Addition to Advisory Committee
You can return to the main News Releases page, or press the Back button on your browser.