|November 08, 2017|
Blackheath resumes Diamond Drilling on Portuguese Tungsten Projects
|Blackheath Resources Inc. (TSXV: BHR) (the "Company") announces that further exploration is underway on its tungsten projects in northern Portugal. Work includes diamond drill programs on the Borralha and Covas projects.|
At Borralha, Portugal's largest past-producing tungsten mine, two drill holes are underway to provide further confirmation of the extent of tungsten (wolframite) near-surface mineralisation in the area of the Santa Helena Breccia, a historic open pit. Past drilling by the Company provided encouraging results including a 118 metre intersection in Hole BO 8A assaying 0.29% WO3 (57m to 175m) (see news release April 21, 2015). The price of tungsten is currently approximately US$280 per metric tonne unit (MTU) (10kg) of contained tungsten trioxide (WO3) equivalent to US$28 per kilogram.
Internal studies of the Borralha project have given encouragement to carry out further assessment drilling, initial scoping studies and preliminary environmental work before proceeding with any resource estimate. The Santa Helena Breccia zone at Borralha has been partially mined by small, shallow open pits in areas of more extensive tungsten-bearing quartz veins. Other tungsten veins have been scavenged over the years, often by "apanhistas" or illegal miners, and all mining ceased in 1985 as a result of world-wide low tungsten prices. Blackheath completed successful diamond drilling programmes in the Santa Helena Breccia in 2014 and 2015.
At the Covas project, which is a past-producing open pit and shallow underground mine, the Company has previously announced an independent maiden resource estimate compliant with NI 43-101 (see news release March 31, 2015). The estimate is based on the results of 326 drill holes on the property. Current work is focussed on the hypothesis of a previously untested bulk tonnage tungsten target possibly indicated by coincident geophysical and geochemical anomalies where deeper drilling is presently underway.
Following further review of the work undertaken at the Vale das Gatas project, the Company has decided to return the property to the optionor.
Blackheath Resources Inc. is listed on the TSX Venture Exchange, and is focused on tungsten exploration and development in northern Portugal. The Company holds the past-producing Covas and Borralha 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
Alexander Langer, President & CEO
For further information please contact Investor Relations, at 604.684.3800 or firstname.lastname@example.org
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 Previous News Releases item: Wed Jul 19, 2017, Blackheath Closes Oversubscribed Private Placement and Appointment of David Rokoss to the Board of Directors
You can return to the main News Releases page, or press the Back button on your browser.