Translate
Mar. 5, 2009 (Baystreet.ca) --
Vancouver BC – March 5, 2009 – The Smartstox Online TV Talk Show is alerting its subscribers and other resource stock investors to the availability of a new Smartstox interview with the management of Playfair Mining Ltd. (TSX VENTURE:PLY) (OTCBB:PLYFF). Playfair Mining has 100% controlling interest in four advanced stage Canadian tungsten projects. Over the past summer the company conducted drilling programs on their Grey River property in Newfoundland, as well as their Risby project in the Yukon.
The Grey River property sits on the southern coast of Newfoundland, and already holds a NI 43-101 compliant inferred resource estimate of 16.1 million pounds of tungsten. The recent drilling was successful in extending the known mineralization downdip from the previously defined deposit; the drill data will be used to update the 2007 Wardrop Engineering resource calculation. A 2008 Preliminary Economic Assessment on the project estimated a $30 million capital cost to move Grey River into production.
In the Yukon, Playfair's 2008 drilling of their Risby deposit extended its known tungsten mineralization an estimated 220 metres along strike to the north of its NI 43-101 compliant inferred resource of more than 65 million pounds of tungsten.
China has been the world’s major producer of tungsten for decades, but in recent years it has moved to limit the export of the important steel alloy. With governments around the world now promoting major infrastructure projects to be undertaken over the coming years, some market observers now anticipate a future tungsten supply deficit.
Viewers are welcome to watch our Smartstox video interview with CEO Donald Moore, and David Matousek, VP of Corporate Development for Playfair Mining, to learn more about Playfair’s projects and the state of the tungsten market; the video is available at http://www.smartstox.com/interviews/ply.
Smartstox also recently talked with market analyst David Bensimon who believes that in the next few months the equity market will be gaining significant strength. He anticipates the industrial metals will similarly be starting a “huge run” in the second quarter of this year. Our interview with Mr. Bensimon can be heard at http://www.smartstox.com/analyst/david_bensimon.
Smartstox.com provides investment-related content through video and audio interviews with the management of small cap companies, along with written profiles on those groups. To view the full Smartstox interview line-up, visit http://www.smartstox.com.
Disclaimer: The content prepared by DSMA/Smartstox is for informational purposes only. Any third party statement and/or opinion and/or any forward-looking statement expressed within any DSMA/Smartstox content shall not be considered a recommendation or endorsement from DSMA/Smartstox to buy or sell securities from companies profiled by Smartstox. The organizations themselves compensate Smartstox.com for production of the materials. DSMA/Smartstox content has not been reviewed by any securities authority. Viewers are encouraged to read our full disclosure at http://www.smartstox.com.
Contact:The Smartstox Online Talk ShowStanlie Hunt, President(604) 628-4592 or (416) 628-4841info@smartstox.com
Newstex ID: BAY-1002-32580479