Business
Morille Tungsten Project Update
Morille Tungsten Project Update.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 4988A Aurum Mining PLC 21 March 2013 \n \n\nMarch 21st 2013\nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\nUpdate on the Morille tungsten project, Spain\nAurum Mining plc (AIM: AUR), the gold and tungsten explorer, is pleased to provide an update on progress made on the Morille tungsten project in Salamanca Province, North West Spain, and to outline the next steps for the project. \nHighlights\n· The comprehensive review of historical and geological data on the project has now been completed and initial drill targets have been identified\n· Three year work programme has been submitted to and approved by the Mines Department of Salamanca (\"Mines Department\")\n· Environmental baseline work has been completed. No material environmental concerns relevant to mining development of the project were identified by the Company's environmental consultants \n· Initial sampling of outcrops, stream sediment and dump material at Morille have all indicated the presence of tungsten mineralisation\n· Preliminary JV and partnering discussions under way to fund proposed drill programme of 8,000-10,000 metres at the site of the old Alegría mine. \n \nFurther detail\n \nSince the completion of the acquisition of the Morille permits in September 2012, the Company has been embarking on two major workstreams that are necessary to ensure that the initial exploration work on the project commences in the most efficient and effective way. The Company has been supported and advised on both these workstreams by the Company's Spanish consultants, Desarrollo de Recursos Geológicos (\"DRG\").\n \nGiven the considerable size of the Morille project (5,796 hectares) and its brownfield nature, there is a significant amount of historic data available. Parts of the Morille permits were mined until the 1980's and the Company has been encouraged by the quantum and quality of the historical information that has come to light. The historic information has provided the Company with invaluable pointers as to the optimal locations for the initial exploration work. \n \nBy carrying out such a comprehensive upfront exercise, the Company has undoubtedly made significant cost savings due to the fact that the information gathered has alleviat...