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Almonty announces the filing of Wolfram Camp Mine NI 43-101 Technical Report dated June 30, 2014
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About this update from Almonty Industries Inc.
[{"type":"text","content":"\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ \n\n\n\nTORONTO, Oct. 16, 2014 /CNW/ - Almonty Industries Inc. (\"Almonty\" or the \"Company\") (TSX-V: AII) today announced the filing of a National Instrument 43-101 Technical Report for the Wolfram Camp Mine, a tungsten mine located in Queensland, Australia that was acquired by Almonty on September 22, 2014. \n\nThe Technical Report was filed on SEDAR (www.sedar.com) under Almonty's company profile and will also be available on the Company's website at www.almonty.com. \n\n\"We believe the NI 43-101 Technical Report for Wolfram Camp is comparable to the NI 43-101 Technical Report for the Los Santos Mine when we first acquired it.  We expect to be able to demonstrate a similar level of longevity in the mine life, increased reserve base and increased contained tungsten through additional exploration activity at Wolfram Camp, much like we accomplished at the Los Santos Mine\" said Lewis Black, Chief Executive Officer of Almonty. \n\nQualified Person \n\nThe Technical Report that forms the basis for this press release was prepared by Adam Wheeler, an independent mining consultant.  Mr. Wheeler is an independent Qualified Person for the purposes of National Instrument 43-101. \n\nAbout Almonty \n\nThe principal business of Toronto, Canada based Almonty Industries Inc. (TSX-V: AII) is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain and its Wolfram Camp Mine in north Queensland, Australia. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Wolfram Camp Mine was acquired by Almonty in September 2014 and is located approximately 110 km west of Cairns in northern Queensland, Australia and produces tungsten and molybdenum concentrate. Almonty also has an option to acquire a 100% ownership interest in the Valtreixal tin-tungsten project in north western Spain. Management and certain members of Almonty's Board of Directors led the turnaround and eventual sale of Primary Metals Inc., the operator of the Panasqueira Tungsten Mine in Portugal from 2003 to 2007. Further information about the Company's activities may be found at www.almonty.com and under the ...