Jun 4 2013
Tungsten Corp. ("Tungsten Corp." or the "Company"), an exploration stage company focused on the evaluation, acquisition and development of domestic tungsten mining opportunities, is pleased to announce that on May 16-17, a night prospecting traverse identified considerable quantities of scheelite at the Cherry Creek Tungsten Project in Nevada.
The survey was undertaken by a geological consultant to the Company, along with one of the long-time Cherry Creek area residents with first-hand knowledge of the area. The exploration identified visible concentrations of tungsten-bearing mineralization inside the Pine Nut Mine adit as well as in ore and waste piles from historic mining activity on the property. Based on the apparent mineral concentrations, the Company has a high confidence level in identifying additional discoveries. As a result, the Company aims to increase its efforts to explore the potential for what may prove to be new, undiscovered and previously un-mined reserves on the property.
In related news, the field contract crew from Carlin Trend Mining Services Ltd. of Elko, NV, has recently completed a reconnaissance-scale soil geochemical program on a significant portion of the company's claim group. A total of sixty-eight samples were taken and shipped out for tungsten and silver assay analysis.
The survey encompassed target locations identified as the most important past producers of tungsten in the area, including areas on and around the Old Timer/Teacup, Chance, Pine Nut and Blue Bell mine locations. Additional samples were taken in proximity to previous producers where mineralization potential was indicated and throughout areas surrounding the claim group in order to test for potential new targets that may contain additional undiscovered areas of tungsten mineralization.
Company President Guy Martin comments, "We are pleased to be moving ahead quickly and efficiently. The night traverse was a real eye-opener for us, and could develop into a very interesting aspect of our exploratory efforts. Also, based on the assay results from the initial samples, we intend to continue our efforts towards the development of an increasingly extensive and aggressive exploration and development program during this current season."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. Further information is available at our website.