Allied Critical Metals (ACM.C) released interesting drill results from its Borralha tungsten project in Portugal earlier this month. We have known the Borralha project for over a decade now, having visited it in 2013 when it was owned and operated by Blackheath Resources. As it turns out, Blackheath was just 10 years ahead of its time and whereas no one really cared about tungsten ten years ago, it definitely is a ‘hot commodity’ now.
The table above highlight some of the more noticeable intercepts. 100 meters at 0.21% WO3 is excellent (mainly thanks to the thickness) but the 14 meters at 0.52% is not too shabby either. As a reminder: 0.5% WO3 represents roughly 0.5 mtu (‘metric tonne unit’) of tungsten (but that’s of course before taking recovery rates and the final payability percentages into consideration).
Allied Critical Metals is completing (or perhaps has already completed) a 4,200 meter RC drill program, and will follow up on the drill results with an additional 1,528 meter program.
Disclosure: The author has no position in Allied Critical Metals. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
