W Resources releases 'exceptional' results from Sao Martinho

Tungsten, copper and gold mining, production, exploration and development company W Resources announced some “exceptional results” at its São Martinho Gold project in Portugal on Tuesday.

The AIM-traded firm said the SMD-009 results confirmed a very thick gold intersection of 56.4m at 2.34 grams per tonne from the very shallow depth of 2.6m.

It said the thickness of the intersection bodes well for an increase in the size of the ore deposit and the potential to mine ore at low cost given the shallow nature of the zone.

The new results from Holes 5-9 and an upgrade from further sampling of Hole 4 yielded other very positive results, the board said, including infill sampling of hole SMD-004 significantly improving the results with thicker intersections.

Hole SMD-007 reported two gold-bearing zones with a shallow zone at 18-20m and a deeper zone at 104m

In addition to the first assay results, visual gold has been picked up in holes SMD-010 and SMD-011.

“São Martinho SMD-009 is a very positive result with a very thick intersection of over 55m of gold at 2.34g/t,” said chairman Michael Masterman.

“The result provides a solid base to drive extension drilling with the potential for materially larger resource.

“We are very pleased with the results from this drilling programme.”