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W Resources Share Discussion Threads
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|Amazing result. 56m gold vein from just 2m depth.. I'm off off there with my bucket and spade!!!|
|Pretty good result for 009 drill.
They may have something worth mining... one day.|
|This is all coming together very quickly. A mid tier miner in the making. Still have the tungsten news due in the short term.|
|W Resources Plc
("W" or the "Company")
São Martinho SMD-009 Hits 56.4m of Gold at 2.34 g/t from Surface
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, production, exploration and development company with assets in Spain and Portugal, is pleased to announce some exceptional results at its São Martinho Gold project in Portugal.
SMD-009 results have confirmed a very thick gold intersection of 56.4m at 2.34 grams per tonne (g/t) from the very shallow depth of 2.6m. The thickness of the intersection bodes well for an increase in the size of the ore deposit and the potential to mine ore at low cost given the shallow nature of the zone.
New results from Holes 5-9 and an upgrade from further sampling of Hole 4 have yielded very positive results:
· SMD-009 was the highlight with a wide zone of 55.6m at 2.34g/t from 2.5m with an additional deeper zone of 3.55m at 1.69g/t Au from 194.95m identified
· Infill sampling of hole SMD-004 significantly improved the results with thicker intersections
· Hole SMD-007 reported two gold bearing zones with a shallow zone at 18-20m and a deeper zone at 104m
In addition to these first assay results visual gold has been picked up in holes SMD-010 and SMD-011.
Michael Masterman, Chairman of W Resources commented: "São Martinho SMD-009 is a very positive result with a very thick intersection of over 55m of gold at 2.34g/t. The result provides a solid base to drive extension drilling with the potential for materially larger resource. We are very pleased with the results from this drilling programme."
Further results from this diamond core programme at São Martinho will be progressively released as the assay results come through.
Please click to view São Martinho drill hole map and photo of visible gold - hxxp://wresources.co.uk/caa-portalegre/|
|Steady buying over the past few weeks, sellers drying up. Looks poised for and update.|
|Chart looks poised here|
|target by summer WRES would be around 3p.
with production news its highly possible.
some here may even target even higher share price|
|Info on forthcoming Sn shortage
|News next week IMO|
|About time this started to deliver, been a big disappointmentover the last year or so with dilution after dilution!!|
|Tell us about our income! Tell us about finance for phase 2 La Parilla production expansion! Talk to us!|
|1m buy at 0.486p.
Think someone already knows.|
|How about telling us about our Tungsten income??|
|What news do we expect soon?|
|Nash there is a poster on LSE that went, decent summary there!However this is far more relevant IMOOff market deal struck at $269/MTUhttp://www.almonty.com/_resources/news/nr_2016_11_29.pdfWell above market spot rate, could be a game changer for WRES!|
|Today again another share buy of over 2 million shares , nice to see these buyers picking up these shares while share price this low ,more news may be due soon|
|am surprised nobody went to presentation from here?|
|from any one who attended yesterdays presentation was it mentioned if any more orders ready to leave LA PARRILLA ,or if any more have left or any news on how tin production may be progressing|
|as Tomorrow evenings meeting get closer hoping may be some news to follow afterwards if not Today or Tomorrow|
|looking like a blue finish today , hoping Thursday meeting may be interesting for the people attending and that a video update may be available for others who not attending|
|more buys now showing ,looking like interest starting to build again as more buyers look to be picking up shares again ,had posted meant for wres on prox share board instead of wres share board|
|1,500,000 share buy ,with 3 days until Thursdays presentation nice to see chunky buys like that ,thought had posted this earlier not sure why earlier post not showed yet|
|AIM-TRADER ,THANKS FOR POSTING LINKS TO WHERE M M PRESENTING ON THURSDAY
Chesterfield Hotel in Mayfair|
|yeterdays rns FRIDAY 2nd December GRANT OF SHARE OPTIONS
nice change to see this ,|
|Not seen it posted on here before but for those who can ignore the shinanigans of Masterman and friends there is hope in the longer term.