Blackheath Resources (TSXV:BHR,FWB:04B) entered into a Letter of Intent for an option to acquire the past-producing Bejanca tungsten/tin project, about 12 kilometres northwest of Viseu in northern Portugal.
The concession encompasses several historic mines that produced tin and tungsten concentrates until their closure in 1985. No exploration work or drilling has been undertaken since that time and Blackheath will re-assess Bejanca for its mineral potential.
Blackheath President & CEO James Robertson said:
This is an exciting new project for Blackheath and further demonstrates our strategy of acquiring attractive, past-producing projects in Portugal at accretive terms to build significant shareholder value. Our technical team has already started assessing the sizeable project area in order to plan our exploration strategy.
“Resource Forecast 2016 – Expert Opinions Covering Precious Metals, Energy, Critical Metals, and More”Click here to discover what the experts see coming in 2016 and beyond with our INN Insider's Report (value of $49) for FREE. Limited time offer. No credit card required.
Get My Free Report
Click here to download for free