W Resources has announced results of the first two holes from the RC drilling programme completed in July 2016, which have been assayed at the new La Parrilla mine laboratory. Hole IRC1-44 located 25m to the south of high-grade Hole IRC1-40 has reported assay results of 40m at 0.496% WO3 and 0.112% Sn while Hole IRC1-41 has reported 11m at 0.126% WO3 and 0.02% Sn. Hole IRC1-44 shows continuity and very high grades of both Tungsten and Tin from surface in areas previously categorised in the mine plan as waste. Chairman Michael Masterman commented: "It is clear from these initial results that there is a large lateral extension of the La Parrilla orebody to the south. Hole IRC1-44 following on the heels of Hole IRC1-40 drilled in 2015 has exceptional grades of tungsten and tin from surface at over 4 times the grade of the orebody. "We expect that incorporation of this new data in the mine plan will increase initial production grades, reduce stripping ratios, and reduce unit operating costs. "We have a zone of significantly higher grade mineralisation accessible at surface which should underpin a successful start-up of the La Parrilla mine."
+0.02p (+3.53%)delayed 18:15PM