W Resources Increases Resources Tonnage by 22 Percent at Régua

W Resources (LSE:WRES) announced a significant increase in the contained tungsten within the JORC compliant mineral resource estimate at Régua in Northern Portugal.
As quoted in the press release:

The total resource tonnage increased by 22% to 5.46mt at a grade of 0.28% WO3, up from 4.46mt, and notably the indicated resource tonnage increased by 76% to 3.76mt at 0.304% WO3 (2012: 2.14mt @ 0.367% WO3).
The updated resource model is based on thick high-grade sections of tungsten mineralisation at or near surface and will form the basis for mine planning and mine reserve estimation. The outcrop area drilled midyear has the potential for low cost high-grade open pit development.
The next step is now to complete the mine planning and reserve estimation process, which is targeted for the first quarter 2016. Metallurgical work has progressed well over the last quarter with good metal recoveries. A full update on the metallurgical programme and results will be provided in the next two months.

Michael Masterman, chair of W Resources, commented:

The drilling campaign at Régua exceeded our initial expectations and we are delighted that the work to date has resulted in this significant increase in the indicated resources at Régua. The results to date provide us with a strong basis for the next phase of mine planning as we move the project nearer to production.

Click here to read the full W Resources (LSE:WRES) press release.