Latest News......NTC drills 2.04% WO3 over 45.7 ftSomething that is very significant from this most recent news release..... is the increase in WIDTH of the new zone of mineralization they are defining.... The easternmost section of the new lens so it looks like its getting wider as they go west. VERY SIGNIFICANT.N.A. Tungsten drills 2.04% WO3 over 45.7 ft at Cantung
2009-03-12 09:28 ET - News Release
Mr. Stephen Leahy reports
NORTH AMERICAN TUNGSTEN CONTINUES TO INTERSECT HIGH GRADE MINERALIZATION AT CANTUNG MINE
North American Tungsten Corporation Ltd.'s first quarter 2009 Cantung mine exploration and delineation drill program continues to intersect high-grade tungsten mineralization. The drill program continues to successfully identify high-grade tungsten mineralization down to the 3400 Level, approximately 300 feet below the current lowest mine level workings (3700 Level). It has also delineated mineralization above and to the west of the current workings. Development of the decline to the 3660 Level to access the high-grade mineralization is well advanced and is scheduled to intersect mineralization this month.
"Ongoing definition and exploration drilling at Cantung has discovered a high-grade western extension at the lower levels of the West Extension zone of the mine. This extended zone is within 100 feet of existing underground development and further highlights Cantung potential for defining additional mineralization," said North American Tungsten's chairman and chief executive officer, Stephen Leahy. "This recent exploration drilling by Cantung geology and engineering teams is adding significant near-term value as we continue to focus on expansion of the existing resource and extension of the Cantung mine life."
2009 EXPLORATION DIAM DRILL RESULTS, SECTION 190765E Est. true Approx.Hole ID Zone From To Interval %WO3 thickness eleva- (ft) (ft) (ft) (ft) tionU1600 Main ore 69.8 115.9 46.1 2.07 35.0 3630including Main ore 69.8 99.7 29.9 2.41 23.0 3630U1601 Main ore 90.0 110.4 20.4 4.24 15.0 3623U1623 Main ore 166.2 173.7 7.5 1.09 5.0 3589U1623 Main ore 305.7 321.8 16.1 0.65 10.0 3589U1603 Main ore 127.4 173.1 45.7 2.04 28.0 3581including Main ore 163.1 173.1 10.0 3.68 6.0 3581U1605 SC ore 101.1 122.2 21.1 2.49 15.0 3552U1605 Main ore 164.0 224.9 60.9 2.31 28.0 3552
Section 190765 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect mineralization perpendicular to strike. The section is 100 feet east of the geological cross-section reported in Stockwatch Aug. 14, 2008. Grades are comparable but the average thickness has increased as indicated in the table.
2009 EXPLORATION DIAM DRILL RESULTS, SECTION 190800E Est. true Approx.Hole ID Zone From To Interval %WO3 thickness eleva- (ft) (ft) (ft) (ft) tionU1607 Main ore 115.0 150.7 35.7 1.42 33.0 3591including Main ore 136.5 150.7 14.2 1.82 13.0 3591U1606 Main ore 141.6 195.0 53.4 1.19 35.0 3564including Main ore 164.8 195.0 30.2 1.35 20.0 3564U1622 Main ore 215.6 270.7 55.1 1.73 25.0 3510U1624 Main ore 303.6 311.9 8.3 1.16 5.0 3479
Section 190800 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect mineralization perpendicular to strike. This section is approximately 25 feet west of the geological cross-section reported in Stockwatch Aug. 14, 2008. Due to location of the drill cut out of the previously reported section, drilling was often subparallel to the dip and as such it was difficult to estimate true thickness and grade. The new section was drilled from a better positioned drill station that gave a much better indication of grade and thickness. Previous estimates were in the order of eight feet average true thickness. The average thickness is now estimated to be closer to 25 feet. This is significant as this is the easternmost portion of this lens and shows an overall increase in thickness, as above.
2009 EXPLORATION DIAM DRILL RESULTS, SECTION 190115E Est. true Approx.Hole ID Zone From To Interval %WO3 thickness eleva- (ft) (ft) (ft) (ft) tionU1655 Main ore 111.4 173.7 62.3 2.45 43.0 3722including Main ore 140.3 173.7 33.4 4.02 23.0 3722U1654 Main ore 88.2 117.5 29.3 2.23 25.0 3690including Main ore 88.2 100.2 12.0 4.02 10.0 3690
Section 190115 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect mineralization perpendicular to strike. Hole U1655 was drilled horizontally and intersected mineralization above the 3700 elevation. This is significant in that the mineralization is beginning to show continuity above the level. An exploration drift is less than 100 feet east of this intersection and has already intersected mineralization.
Quality assurance
The company instituted a QA/QC program consistent with best industry practice standards. Elements of the program include chain of custody, as well as standard and blank samples. Samples are assayed at the mine assay laboratory and selected samples are sent to ALS Chemex and to Global Discovery Labs (Teck Cominco Limited) both in Vancouver for duplicate assaying. Results from the QA/QC program have to date been satisfactory.
Qualified person
The technical information contained in this release was compiled in accordance with the listing rules of the Toronto Stock Exchange, by a competent person who has consented to the inclusion of such technical information in the form in which it appears in this release. The competent person is Finley Bakker, PGeo, chief geologist for Cantung for North American Tungsten, and J. Britt Reid, PEng., chief operating officer of North American Tungsten. Both Mr. Bakker and Mr. Reid are qualified persons under NI 43-101.
We seek Safe Harbor.