The drill program completed last month at the Nui Phao tungsten deposit in northern Vietnam verified a potentially large additional resource outside the previously reported find, says TIBERON MINERALS. Drilling results released early last year estimated a mineral resource of 27.11 million tonnes measured (2.5% WO3), 22.25 million tonnes indicated (0.19% WO3), and 24.04 million tonnes inferred (0.18% WO3). The latest program expanded the deposit to the west and defined the pit wall design in preparation for a bankable feasibility study, due this month.
Tiberon is exploring both for base and precious metals in Vietnam. It holds a 70% interest in the Nui Phao project; the balance is shared equally by the NGUYEN MINERAL CO. and HANOI GENERAL IMPORT-EXPORT CO.
To learn more about the world’s important tungsten deposits as well as the uses and outlook for the metal see www.tiberon.com