• Samstag, 23 November 2024
  • 00:10 Uhr Frankfurt
  • 23:10 Uhr London
  • 18:10 Uhr New York
  • 18:10 Uhr Toronto
  • 15:10 Uhr Vancouver
  • 10:10 Uhr Sydney

Blackheath Acquires Option for Adoria Tungsten/Tin Project

30.12.2013  |  Marketwire

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 30, 2013) - Blackheath Resources Inc. (TSX VENTURE:BHR)(FRANKFURT:04B) ("Blackheath" or the "Company") is pleased to announce that the Company has entered into a definitive agreement (the "Agreement") for an option to acquire a 100% interest in the Adoria Tungsten/Tin Project. The acquisition completes the Company's immediate goal of holding high-quality, past-producing tungsten mines with the potential for development of significant additional tungsten resources in northern Portugal. Blackheath now holds the rights to five licences including the Covas, Borralha, Bejanca, Vale das Gatos and Adoria historic mines.

The Adoria mines surrounding the village of Cerva were important producers of tungsten from 1906 until their closure in 1972 as a result of depressed tungsten prices. At their peak, during World War II, over 5,000 people worked in the mines to extract the tungsten mineral wolframite together with lesser amounts of the tin mineral cassiterite. Vein structures in the region are mostly sub-horizontal and similar to those at the producing Panasqueira Tungsten Mine. The Adoria Project is held in the Limoes exploration concession which covers an area of 62.6 square kilometres located about 90 kilometres northeast of Porto in northern Portugal.

Blackheath's President & CEO, James Robertson, commented, "We are pleased to complete our current portfolio with this historic tungsten producer under favourable terms. Work will commence in early 2014 and will initially include mapping and sampling over prospective areas of the permit."

Blackheath holds the option for Limoes from Mineralia - Minas, Geotecnia e Construcoes, Lda. ("Mineralia") - through an exploration concession (the "Concession") granted by the Government of Portugal. The Concession is granted for a period of up to five years, after which it may be converted into a preliminary exploitation licence and a final exploitation licence successively. Under the Agreement, Blackheath will undertake to fulfill the terms of the Concession, include a minimum exploration expenditure of EUR220,000 during the first two years. Blackheath will also pay Mineralia EUR100,000 upon the grant of a preliminary exploitation licence and a further EUR1 million upon mine production and the grant of a final exploitation licence, at which time Blackheath will hold a 100% interest in the project.

Further information about the company's activities may be found at www.blackheathresources.com and under the company's profile at www.sedar.com.

On behalf of the Board,

James Robertson, P. Eng., President & CEO

This news release was prepared by Company management, who take full responsibility for its content. James Robertson, P.Eng. is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Blackheath Resources Inc.
Alexander Langer
604 684-3800
604 669-2744
info@blackheathresources.com
www.blackheathresources.com


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Blackheath Resources Inc.
Bergbau
-
-
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.