High Grade Tungsten Mineralization Zone Discovered In Taroko Project, Tungsten Resources, UK

Tungsten   Resources of the United Kingdom recently stated that its advanced   exploration project in Portugal has progressed smoothly. The Taroka   Project has discovered a very high-grade tungsten mineralization zone   and will be Réguamine, which is only 20 kilometers north of the project.   Development provides additional high-grade raw materials.

It   is understood that the British Tungsten Resources Company has   discovered a high-grade tungsten mineralization belt in the 1,515-meter   reserve cyclic drilling conducted by the Tarotka tungsten-tin project. The   one-month RC drilling program includes 29 drill holes with a total   length of 1515m and a finished length between 50m and 70m. Based on the unique mineralisation on the surface, the maximum depth from the surface to the surface is 50 meters. The   company expects to have a complete test result in the third quarter.   The next step will be resource modeling in order to prepare trial mine   applications later this year, and follow-up will begin to apply for   resource estimates and planning for the pilot mines.

“The   Reserve Recycling Drilling Program has been completed to confirm the   target exploration area and provide a deeper understanding of several   high-grade skarn lenses with a complex geological history (discontinuous   mineralization).” Michael Masterman, Chairman, Tungsten Resources, UK "Taroca   is 20 kilometers away from the Rui Valley and we believe it is possible   to enhance and expand the development of the Rui Valley." Ruigu   Mine is a high-grade tungsten mine. The estimated resources of the   Joint Ore Reserve Committee are 5.46 million tons and the tungsten   content is 0.28%. The mine will start production in 2019 (the tungsten potential is 3,800 tons/year).

The   company said that the reserve recycling drilling rig has successfully   completed 2,000 meters of drilling at the Sao Martinhogold deposit in   central Portugal. The   results of the study provide a clearer understanding of the geological   structure and also provide the possibility for future grade expansion. In   addition, reserve-recycling drilling rigs have now been mobilized to   the Azeiteiroscoppermine and target anomalies, and the company will   complete a 2000-meter reserve-recycling drilling campaign in June and   July.