Blackheath Resources Inc. (TSXV:BHR,FWB:04B) announced results from preliminary work at the Vale das Gatas Tungsten/Tin Project.
As quoted in the press release:
A single grab sample taken from one of the tungsten-bearing veins assayed 6.60% WO3 or 66 kg/tonne. Six grab samples were taken from six of the waste dumps and averaged 0.68% WO3 (tungsten trioxide) or 6.8 kg/tonne, ranging from 1.43% to 0.18% WO3 with additional tin values averaging 0.11% Sn. (These must be considered to be preliminary selected samples, and as such, may not be representative of average values for each area.)
Blackheath Resources President & CEO, James Robertson, said:
We are delighted with the early encouraging results from our reconnaissance work at Vale das Gatas. This mine is the second-largest past producer of tungsten in Portugal after closing in 1986 because of depressed tungsten prices. Tungsten price is now around $38/kg and we look forward to carrying out further work including diamond drilling at Vale das Gatas in early 2014.