Tungsten Mining Defines Exploration Target at Western Australia Project After Review of Drilling Data, Shares Reach Six-Year Peak
MT Newswires Live
Dec 01
Tungsten Mining (ASX:TGN) said that a review of drilling data at the Mulgine Trench deposit, part of the Mount Mulgine project in Western Australia, further defined and revised the extent of tungsten-molybdenum mineralization, resulting in a new exploration target, according to a Monday Australian bourse filing.
The review defined a target of 165 million tonnes to 200 million tonnes at a grade of 0.10% to 0.12% of tungsten oxide and 180 parts-per-million (ppm) to 220 ppm of molybdenum, for 165,000 tonnes to 240,000 tonnes of tungsten oxide and 30,000 tonnes to 36,000 tonnes of molybdenum.
Its shares rose nearly 9% in recent trading on Monday, reaching the highest point in over six years.
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