Carbine tungsten resources rise
18th Jun 2012
JUNE 18 – Carbine Tungsten has announced a 19% in resources and at the same time the discovery of major strike extensions at its flagship Mt Carbine tungsten mine 130km from Cairns in Far North Queensland, Australia.
The updated JORC compliant inferred resource has increased to 47.4Mt @ 0.131% WO3 for 62,305t contained tungsten metal at 0.05% WO3 cut-off, an overall increase in contained tungsten metal by 8% to 4,860t.
Drilling completed this year by Carbine Tungsten extended the resource to the SE, NW and at depth. In addition, the drilling program identified major strike extensions to the mineralising system to the NW and SE, which will be analysed in detail.
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