Black Fire Minerals discovers tungsten mineralisation at Nevada project

19 March 2012 (Last Updated March 19th, 2012 18:30)

Black Fire Minerals has discovered high grade tungsten mineralisation at the Desert Scheelite prospect, located within its Pilot Mountain Tungsten-Copper Project in Nevada, US.

Black Fire Minerals LimitedBlack Fire Minerals has discovered high grade tungsten mineralisation at the Desert Scheelite prospect, located within its Pilot Mountain Tungsten-Copper Project in Nevada, US.

Drilling results from the latest two holes include 20.1m at 0.32% tungsten; 0.2% copper and 12gm per tonne (g/t) silver from 118m; and 31.5m at 0.31% tungsten from 112.9m.

Black Fire Minerals chairman Anthony Baillieu said the company is now preparing to deliver a maiden JORC Resource by the end of June 2012.

"With the completion of a successful resource drilling program at Desert Scheelite we are looking forward to receiving the outstanding assays for the final four holes and commencing work on the maiden JORC resource estimate," Baillieu said.

The drilling programme was completed with the last two holes intersecting scheelite bearing skarn mineralisation 150m to the east, outside the Union Carbide feasibility study area.

The mineralisation at Desert Scheelite extends over 650m of strike and 330m vertical extent, remaining open in all directions.

Black Fire is currently compiling data and constructing a new geological and resource model for the delineation of the resource.

The scoping study will start by the fourth quarter of 2012.

 

Image: Black Fire Minerals has found high grade tungsten mineralisation at the Desert Scheelite Prospect in the US. Photo: courtesy of Black Fire Minerals Limited.