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Tungsten Mining raises Mulgine tungsten-molybdenum project resource estimate

Tungsten Mining NL raised its mineral resource estimate for its Mount Mulgine project in Western Australia 189% from the November 2014 estimate to 207 million tonnes at 0.11% tungsten trioxide and 272 parts per million molybdenum.

The contained metal increased 97% for tungsten and 211% for molybdenum, using a cutoff grade of 0.05% tungsten trioxide.

The resource is estimated to host 850,000 ounces of gold and 35 million ounces of silver.

The estimate was based on drilling 143 reverse circulation holes for 21,157 meters and five PQ diamond holes for 560 meters.

The company said Dec. 19 that it is planning a further resource update for April 2020.