Join our daily newsletter At The Bell to receive exclusive market insights
- Tungsten Mining (TGN) has completed a drilling program at the Mulgine Trench deposit
- The latest section of the program involved 28 holes for a total of 4.7 km of drilling
- Assay results confirmed Tungsten and Molybdenum mineralisation in a 160 to 260-metre zone
- Tungsten mineralisation of 0.10 per cent was discovered across 216 metres
- Tungsten Mining shares are in the grey today, trading flat for 13.5 cents apiece
Tungsten Mining (TGN) haven completed their drilling program at the Mulgine Trench Deposit, located in the Murchison region of Western Australia.
The latest round of the infill drilling program returned encouraging assay results, including 840 parts per million at a depth of 104 metres from one drill hole at the site.
The company believes these results illustrate substantial tungsten mineralisation within a 160 to 260-metre zone at the site.
One drill site returned 0.10 per cent Tungsten mineralisation across 216 metres.
On the back of these results, the company will issue another updated mineral resource estimate in April of this year.
The company previously announced in December 2019 a revised mineral resource estimate for the site, which included major increases in Tungsten and accessory minerals such as gold and silver.
The company believes some 850,000 ounces of gold could be contained at the site, and a further 35 million ounces of silver.
The Company believes the results have indicated intersections greater than 200 metres in width at the site.
Tungsten mining’s CEO Craig Ferrier said the results of the drilling program have been “outstanding.”
“We have now completed the planned infill drill program at the Mulgine Trench Deposit,” Craig explained.
“We look forward to reporting on an updated Mineral Resource estimate in April and other workstreams as we complete the PFS for Mt Mulgine,” he said.
These results are the latest round of a phased drilling program at the site which began in July last year.
In total, the company have drilled 280 holes at the Mulgine Trench Deposit for a total drilling depth of 48.6 km.
Tungsten Mining shares are in the grey today, trading flat for 13.5 cents apiece at 11:32 am AEDT.
