The Conversation (0)
Blackheath Resources Inc. (TSXV:BHR,FWB:04B) has earned a 70 percent interest in the Covas tungsten project in northern Portugal, following expenditures of EUR1 million. Blackheath has now commenced its next phase of exploration at Covas. Furthermore, Blackheath has signed an amended mining option agreement with Avrupa Minerals Ltd. (TSXV:AVU) for the Covas project under which Blackheath has the potential to earn additional interest in the project by providing further funding.
As quoted in the press release:
The Covas tungsten project covers an area of 19.96 square kilometres. Tungsten mineralization generally occurs in an area known as the skarn ring. Approximately 60% of the skarn ring is untested and a geophysical IP programme has commenced to test these areas as well as a large tungsten porphyry prospect in the center of the skarn ring. The program is designed to assist in determining new drill targets as well as step-out targets adjacent to known high-grade historic resources. The data collected will also potentially show skarn mineralization is volumetrically much larger than has been mapped at surface.
Blackheath CEO, James Robertson, said:
We are pleased to have now earned-in a 70% interest into the past-producing Covas tungsten project. With the aid of the IP survey, Blackheath’s technical team has started to develop the strategy for our Phase 3 drilling campaign at Covas, which is scheduled to start next month.
Click here to read the Blackheath Resources Inc. (TSX:BHR) press release
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