GROUND WORK
Wed Aug 10, 2005
Playfair Begins Work on High Grade Tungsten Deposit
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NR-2005-3
Playfair Mining Ltd. owns 100% of what the Geological Survey of Canada, in 1984, described as "one of the largest typical wolframite deposits in Canada". Wolframite is a principle ore of tungsten and given the recent increases in the price of tungsten and the excellent forecast supply and demand fundamentals Playfair is making the advancement of their important and significant tungsten property a key Company priority.
The deposit is located on ice-free tidewater adjacent to the fishing village of Grey River (population of about 350 people) on the south coast of Newfoundland. Grey River is serviced daily by coastal boat from Burgeo, a coastal port about 40 km to the west. A highway links Burgeo to the airport town of Stephenville and the Trans Canada Highway approximately 125 km to the north.
Playfair's Plans
Playfair's initial phase of tungsten field exploration will start during the week of August 15, 2005 under the supervision of Consulting Geologist James Harris P.Geo, a Qualified Person under National Instrument 43-101 guidelines. Mr. Harris will supervise the cleaning and re-sampling of Asarco trenches in order to verify Asarco's reported results. In addition a bulk sample will be taken for metallurgical testing. Asarco reported over 300 veins and veinlets in the immediate area; Mr. Harris will relocate and examine the more prominent of these occurrences.
Playfair has engaged Roscoe Postle Associates, an independent firm of Geological and Mining Consultants, to review the Asarco data and recommend a work program to produce data of sufficient quality and quantity to allow the calculation of a NI 43-101 compliant resource.
It's been a year and the first phase of drilling has been completed plus bulk sampling aand now Playfair plans to drill the adit. Granite lake has yet to be explored.
SUNNY