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Blackheath Signs Letter Of Intent To Acquire Borralha Tungsten Project
Oct. 24, 2012 12:39PM PST
Company NewsBlackheath Resources Inc. (TSXV:BHR,FWB:04B) announced a Letter of Intent to acquire up to a 100% interest in the past-producing Borralha tungsten project.
As quoted in the press release:
Borralha was Portugal’s second largest tungsten mine (after Panasqueira) until its closure in 1985 as a result of a decline in tungsten price. The concession covers an area of 127.5 square kilometres and is located about 35 kilometres northeast of Braga in northern Portugal. No exploration work or drilling has been undertaken since 1985 and Blackheath will re-assess Borralha and the surrounding area for its mineral potential.
Click here to read the Blackheath Resources Inc. (TSXV:BHR) press release.
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