Business
Update on the Morille tungsten project
Update on the Morille tungsten project.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n \nRNS Number : 9034J Aurum Mining PLC 18 June 2014 \n \n\n18 June 2014\nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\nUpdate on the Morille tungsten project\nAurum Mining plc (AIM: AUR), the gold and tungsten explorer, notes today's ASX announcement by Plymouth Minerals Limited (ASX: PLH) (\"Plymouth\") concerning the Morille tungsten-tin project in North West Spain, in which the Company currently has a 20% carried interest following its farmout deal with Plymouth. The Company is pleased to report the following information which has been extracted without material adjustment from the Plymouth announcement. \n \nHighlights\n \n· The first phase drilling programme at Morille has now been completed and all assay results have now been received. 61 Reverse Circulation (\"RC\") holes were drilled as part of the programme, totalling 3,982m. Plymouth is highly encouraged by numerous significant near-surface scheelite intercepts and the programme has identified multiple follow-up targets for future exploration and resource definition drilling.\n· Significant assay results from drilling programme include;\n \no 4m @ 1.29% WO3 from 61m and 4m @ 0.31% WO3 from 68m (MAC-RC 046)\no 2m @ 0.30% WO3 from 18m (MAC-RC-045)\no 7m @ 1.28% WO3 from 67m (WES-RC-040)\no 6.25m @ 0.29% WO3 from 26.75m (DDH M010)\no 1.45m @ 0.95% WO3 from 19.35m (DDH M001)\no 5m @ 0.24% WO3 (incl 2m @ 0.42% WO3) from 28m (MAC-RC-009)\n \n· Shallow high-grade scheelite mineralisation has been proven in situ both outside of, and as extensions to, the historic operating mines on the Morille project area. Results validate that historic mining at Morille was constrained by landholders and not mineralisation/mine depletion.\n· 6 of 16 historic mine areas within the 57km2 tenure were targeted in this first-phase\n \nSean Finlay, Aurum's Chairman, said:\n \n\"As previously noted, we have been impressed by both the speed and scale of Plymouth's initial exploration work on the Morille project and the results to date are certainly very encouraging. Clear targets for follow up drilling have been identified and the prospectivity of the large project area is highlighted by both the results from the drilling done to date and by the fact that there are a large number o...