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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Blackheath Resources Inc | TSXV:BHR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.195 | 0.30 | 0.30 | 0 | 00:00:00 |
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2014) - Blackheath Resources Inc. (TSX-VENTURE:BHR)(FRANKFURT:04B) ("Blackheath") is pleased to report results from the second round of preliminary work at the 213 square kilometre Vale das Gatas Tungsten/Tin Project, located 100 kilometres east of Porto in northern Portugal.
To date, 16 samples were collected from the Prainelas area, approximately 1.5 square kilometres in size. A single grab sample taken from one of the waste dumps assayed 7.28% WO3 or 72.8 kg/tonne. The total average of all the samples was over 3.03% WO3. (These must be considered to be preliminary selected samples, and as such, may not be representative of average values for each area.)
The following table shows the results from all assays taken to date at Vale Das Gatas:
SAMPLE | |||
DESCRIPTION | Ag ppm | Sn % | WO3 % |
VG-01 | 183 | 0.17 | 0.24 |
VG-02 | 178 | 0.09 | 0.43 |
VG-03 | 149 | 0.04 | 6.60 |
VG-04 | 186 | 0.15 | 1.43 |
VG-05 | 50 | 0.05 | 0.18 |
VG-06 | 64 | 0.10 | 0.47 |
VG-07 | 13 | 0.06 | 1.31 |
VG-08 | 59 | 0.07 | 6.09 |
VG-09 | 44 | 0.09 | 0.06 |
VG-10 | 197 | 0.08 | 4.78 |
VG-11 | 57 | 0.06 | 0.00 |
VG-12 | 46 | 0.06 | 5.67 |
VG-13 | 18 | 0.02 | 7.28 |
VG-14 | 57 | 0.11 | 3.91 |
VG-15 | 204 | 0.13 | 6.71 |
VG-16 | 39 | 0.02 | 3.40 |
A detailed map of the 16 samples can be found on Blackheath Resources' website. http://www.blackheathresources.com/s/valedasgatas.asp
"We are thrilled with the continued positive results from our exploration work at Vale das Gatas," said James Robertson, P. Eng., President & CEO of Blackheath Resources. "We look forward to further exploration work at Vale das Gatas scheduled for this year which includes: expanded mapping of the Prainelas Veins, further exploration and underground mapping of the historic Vale das Gatas mine, and diamond drilling."
The Vale das Gatas mine was the second most prolific past producer of tungsten in Portugal, after Borralha, also owned by Blackheath. The Vale das Gatas mine closed in 1986 as a result of a significant decline in tungsten price. At its peak, the mine employed over 1,000 workers and produced up to 635 tonnes of tungsten concentrates annually. The average recovered grade of the mine was 0.35% WO3 (tungsten trioxide) per tonne. At least thirty tungsten-bearing sub-vertical quartz veins have been identified over some 900 metres, with lengths up to 2 kilometres at surface. To date, Blackheath has identified approximately 300 old mine workings on the property. These workings include adits, trenches and small open pits.
Further information about the company's activities may be found at www.blackheathresources.com and under the company's profile at www.sedar.com
On behalf of the Board,
James Robertson, P. Eng., President & CEO
This news release was prepared by Blackheath 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. The samples were prepared at an ALS Minerals Laboratory in Spain and analyzed at the certified ALS Minerals Laboratory in North Vancouver using conventional ME-ICP61a, XRF-05 and XRF-10 (X-ray Fluorescence) methods. Standard samples were used at the laboratory.
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.Alexander Langer604 684-3800604 669-2744info@blackheathresources.comwww.blackheathresources.com
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