To view the Castelo Area, click on the following link: http://media3.marketwire.com/docs/b228d.pdf
Positive results from the drilling program completed at Telheira, Lapa Grande, and Castelo suggest that there is room for further expansion of the known, close-to-surface tungsten mineralization in these zones, as well as for discovery of new mineralization. Further work, including re-logging and sampling of historic core, more detailed mapping and targeting, and continued review and re-interpretation of the historic data will assist in planning of further drill exploration and delineation of these mineral bodies in the next phase of drilling. In addition, while results from drilling the intrusion target in the central Covas Dome did not include anomalous values of tungsten or gold, preliminary geological mapping, rock-chip sampling and interpretation of geophysical data all indicate the possibility for the presence of mineralization along a pronounced east-west lineament, cutting the Covas target area. Further surface work will be undertaken in the coming field season, prior to follow-up drilling in the Dome area.
Covas is a past producing tungsten mine and remaining historic resources (indicated and inferred) on the property have been estimated at 922,900 tonnes of 0.78% WO3 by Union Carbide in 1980, based on work including 327 drill holes on the property. Mineralization is open to expansion. The price of tungsten has increased significantly in recent years and is currently approximately $33 per kilogram of contained tungsten trioxide. (These resources are historic in nature, prepared by Union Carbide Corp. in 1980 and are considered relevant. However, a qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the Company is not considering the historical estimates as current mineral resources.)
The Covas property is located about 100 kilometres north of Porto, Portugal's second largest city. Blackheath holds the property under an option from Avrupa Minerals Ltd. to earn up to an 85% interest in a joint venture in the project, after incurring minimum exploration expenditures of EUR1 million in two stages to earn a 70% interest followed by completion of a prefeasibility study to earn the additional 15% interest.
Further information about the Covas Tungsten Project and the company's activities may be found at www.blackheathresources.com and under the company's profile at www.sedar.com.
Blackheath Resources Inc. is listed on the TSX Venture Exchange and is focused on tungsten exploration and development in Portugal. Management of Blackheath has previous experience in tungsten mining operations in Portugal through Primary Metals Inc., the operator of the Panasqueira Tungsten Mine from 2003 to 2007.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Kosovo, and Germany.
On behalf of the Board,
James Robertson, P. Eng., CEO, President & Director
This news release was prepared by Company management, who take full responsibility for its content. Barry J. Price, M.Sc., P.Geo. is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release. Tungsten analyses were performed by ALS Chemex in Vancouver, Canada using standard assay techniques.
Certain statements made and information contained in this news release and elsewhere constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements are based on certain assumptions and are subject to risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration or development results will not be consistent with the Company's expectations, accidents, equipment breakdowns, risk of undiscovered title defects and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis available under the Company's profile at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of tungsten, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Portugal will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The Company does not update forward-looking information, except as required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Blackheath Resources Inc.
604 669 8988
604 669 2744 (FAX)
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