Almonty Files NI 43-101 For Los Santos, Wolfram Camp and Valtreixal

Almonty Industries (TSXV:AII) announced that it has filed NI 43-101 technical reports for the Los Santos mines, the Wolfram Camp mine and the Valtreixal project.
As quoted in the press release:

Including the recently acquired Sangdong tungsten mine in Korea, Almonty has a combined proven and probable mineral reserve base of 12,406,289 tonnes at an average WO₃ equivalent grade of 0.41%, measured and indicated mineral resources (inclusive of reserves) of 14,860,000 tonnes at an average WO₃ grade of 0.45% and inferred resources of 53,976,000 tonnes at an average WO₃ equivalent grade of 0.32%.

Lewis Black, CEO of Almonty, commented:

We believe the updated NI 43-101 Technical Reports demonstrate the consistent expansion of Almonty’s tungsten reserves and resources over the previously filed reports, once again demonstrating the Company’s ability to increase the life-of-mine at each of its projects and enhance our understanding of the ultimate potential of each project – longevity in the mine life, increased reserve base and increased contained tungsten at each project through additional exploration activity. Combined with the inferred resources at our recently acquired Sangdong Mine in South Korea, we believe Almonty has a resource profile that rivals any tungsten mining company in the world.
We are also in the process of updating the Feasibility study for the Sangdong project and including additional drill data that was excluded from the June 1, 2015 study. We anticipate being in a position to publish this update within the next 45 days and anticipate that it will show material improvement over the June 1, 2015 report.

Click here to read the full Almonty Industries (TSXV:AII) press release.