16% Increase in Contained Tungsten at Grey River

- December 29th, 2011

Playfair Mining Ltd. (TSXV:PLY) announced the results of an updated independent mineral resource estimate on its 100% owned Grey River Tungsten Deposit located near the fishing village of Grey River, Newfoundland.

Playfair Mining Ltd. (TSXV:PLY) announced the results of an updated independent mineral resource estimate on its 100% owned Grey River Tungsten Deposit located near the fishing village of Grey River, Newfoundland.

As quoted in the press release:

Results from the updated resource estimate indicate 1.2 million tonnes of Inferred mineralization grading 0.730% WO3 containing 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTU). The updated resources are reported at vein width using a 0.20% WO3 cut-off with all areas grading less than 0.2% WO3 over a 1 m minimum mining width removed from the resource.

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