High-Grade Tungsten Resource at Attunga - 24th April 2008
Latest News:
The Board of Peel Exploration is pleased to announce the completion of a resource estimate by Geos Mining Mineral Consultants for the Attunga Tungsten Deposit, also known as Attunga Prospect 1. The resource estimate is a global resource estimate for tungsten and molybdenum mineralisation. Results include: 1.29 Mt grading 0.61% WO
3 and 0.05% Mo for 9,400t contained WO
3 equivalent using 0.2% WO
3 equivalent cutoff.
An expansion of mineralisation at a range of WO3 equivalent1 cutoff grades is contained below.
Total Resources:
WO3 equivalent cutoff | Million Tonnes | WO3 % | Mo % | WO3 equivalent % | Tonnes WO3 equivalent |
| 0.1 | 2.27 | 0.39 | 0.04 | 0.48 | 10,800 |
| 0.2 | 1.29
| 0.61 | 0.05 | 0.73 | 9,400 |
| 0.3 | 0.86 | 0.82 | 0.06 | 0.97 | 8,300 |
| 0.4 | 0.58 | 1.09 | 0.08 | 1.27 | 7,300 |
| 0.6 | 0.40 | 1.40
| 0.10
| 1.63
| 6,500
|
| 0.8 | 0.32 | 1.60 | 0.12 | 1.86 | 5,900 |
Peel Exploration is currently planning additional work to be undertaken over the next 3-6months including:
- testing for extensions to the known mineralisation to the west and east of the main zone, as well as around AP1-023.
- testing nearby tungsten targets along the contact between the Inlet Monzonite and sediments.
- metallurgical testwork to determine likely recoveries of ore minerals.
Click here to view the full announcement.