Tunxsten Resources Inc Signs Letter of Intent with Sultan Minerals

- November 29th, 2011

Tunxsten Resources Inc. announced it has signed a LOI to grant Sultan Minerals (TSXV:SUL) the option to acquire the Jersey Emerald property.

Tunxsten Resources Inc. announced it has signed a LOI to grant Sultan Minerals (TSXV:SUL) the option to acquire the Jersey Emerald property.

As quoted in the press release:

The Jersey Emerald Property is the largest mineral property in the famous Kootenay Arc silver-lead-zinc-tungsten belt. The property is host to 5 historic mines including BC’s second and third largest zinc mines. The property was formerly Canada’s second largest tungsten (Wolfram) mine and currently has a measured and indicated NI43-101 resource of 2.72 million tonnes averaging 0.358% WO3 (Wolfgram) and an additional inferred resource of 2.32 million tonnes averaging 0.341% WO3 using a 0.15% cutoff. The property includes the Victory Tungsten (Wolfram) Deposit which has a historical resource of 84,000 tons of 0.54% WO3.

Click here to read the Tunxsten Resources Inc. press release.

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