Blackheath Resources Inc. (TSXV:BHR,FWB:04B) entered into an agreement for an option to acquire a 100% interest in the Adoria Tungsten/Tin Project in Portugal.
As quoted in the press release:
The Adoria mines surrounding the village of Cerva were important producers of tungsten from 1906 until their closure in 1972 as a result of depressed tungsten prices. At their peak, during World War II, over 5,000 people worked in the mines to extract the tungsten mineral wolframite together with lesser amounts of the tin mineral cassiterite. Vein structures in the region are mostly sub-horizontal and similar to those at the producing Panasqueira Tungsten Mine.
Blackheath President & CEO, James Robertson, said:
We are pleased to complete our current portfolio with this historic tungsten producer under favourable terms. Work will commence in early 2014 and will initially include mapping and sampling over prospective areas of the permit.