stockwatch.com Playfair Mining talks Grey River tungsten deposit
2024-05-24 12:41 ET - News Release
Mr. Donald Moore reports
GREY RIVER TUNGSTEN UPDATE
Playfair Mining Ltd. owns 100 per cent of the high-grade tungsten deposit at Grey River, Nfld., Canada. The deposit is a steeply dipping quartz vein containing wolframite (iron manganese tungstate).
Previously, Playfair has carried out drilling, sampling and metallurgical test work. In 2012, Playfair completed an updated National Instrument 43-101-compliant preliminary economic assessment which included an updated resource estimate. Work was paused because of a decreased tungsten price and the large amount of dilution resulting from available mining methods.
The Grey River tungsten deposit has attracted renewed interest as tungsten price is increasing, new mining methods are developed and governments are supporting work on critical minerals. Tungsten is included on the Canadian critical minerals list and that of many other countries, including the European Union, South Korea, the United States, Japan, Australia, India and the United Kingdom.
Playfair is currently investigating novel mining methods to economically extract steeply dipping narrow veins such as Grey River.