|August 13, 2014|
Blackheath Commences Phase 3 Drill Program on Covas Tungsten Project
|Blackheath Resources Inc. (TSXV: BHR) ("Blackheath" or "the Company") is pleased to announce that the Phase 3 diamond drill program has commenced at the past-producing Covas Tungsten Project, in northern Portugal. The initial program will include up to 15 shallow diamond drill holes totalling approximately 1,100 metres designed to expand the known zones of tungsten mineralization on the property. The Phase 3 drilling program follows the successful Phase 1 and Phase 2 drill programs. |
The initial part of the Phase 3 drill program will centre on the eastern part of the Covas project at the Lapa Grande, Muito Seco, Castelo, and Boundary targets, where previous drilling has indicated good potential for development of high-grade WO3 resources. The immediate goal of the Phase 3 drill program is to increase and better define the mineralization in the areas of the historic high grade WO3 resources and to potentially connect several of these areas. The second part of this program will be directed towards the Telheira target and other targets in the western portion of the Covas property where a significant amount of fieldwork was completed earlier this year. Review and interpretation of the data, which include 17 kilometres of IP-Resistivity and Magnetics geophysical data, is nearing completion and the Company expects to be able to drill up to five more drill holes, totaling an additional 200 to 400 meters.
Covas is a past-producing tungsten mine and remaining historic resources on the property have been estimated at 922,900 tonnes of 0.78% WO3 (tungsten trioxide) by Union Carbide in 1980, based on work including 329 drill holes on the property. Mineralization is open to expansion. The price of tungsten has increased significantly in recent years and is currently approximately $36 per kilogram of contained tungsten trioxide. (These resources are historic in nature, prepared by Union Carbide Corp. in 1980 and are considered relevant. However, a qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the Company is not considering the historical estimates as current mineral resources.)
The Covas property, which was awarded a three year Experimental Mining Licence (August 20, 2013) is located about 100 kilometres north of Porto, Portugal's second largest city. Blackheath holds the property under an option from Avrupa Minerals Ltd. under a previously announced amendment to the Covas Joint Venture earn-in agreement (see news release of May 12, 2014).
In addition to the commencement of drilling at Covas, Blackheath is continuing its diamond drilling program at the Borralha Tungsten Project (see news release of April 15, 2014).
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on discovery, using a prospect generator model, of valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.
Blackheath Resources Inc. is listed on the TSX Venture Exchange, and is focused on tungsten exploration and development in Portugal. The Company holds the past-producing Covas, Borralha, Vale das Gatas and Adoria tungsten projects and also the Bejanca tungsten/tin project. Management of Blackheath 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
On behalf of the Board
James Robertson, CEO and Director
For further information contact Alexander Langer at 604-684-3800 or at firstname.lastname@example.org
This news release was prepared by Company management, who take full responsibility for its content. Barry J. Price, M.Sc., P.Geo. is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed and approved 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.
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