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Market: TSX-V
Sector: General Mining
EPIC: NTC
Latest Price: 0.36  (9.09% Ascending)
52-week High: 0.55
52-week Low: 0.18
Market Cap: 85.36M
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North American Tungsten
www.northamericantungsten.com

North American Tungsten Corporation Ltd. is the Western World's largest producer of tungsten concentrate, a strategic industrial metal required in a wide variety of products ranging from jet turbine engines and high-speed cutting tools to electronic circuitry and surgical instruments.

Full North American Tungsten profile here
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North American Tungsten a step closer to developing MacTung project in Yukon

23rd Oct 2009, 10:18 am
North American Tungsten a step closer to developing MacTung project in Yukon

North American Tungsten Corp Ltd (TSX-V: NTC) said the Yukon Environmental and Socio-economic assessment Board (YESAB) has deemed the company’s proposal for the MacTung project as adequate, thus allowing the next step towards developing the high grade tungsten-skarn deposit near the Yukon/Northwest Territories border.

Now screening of the proposal will commence pursuant to the Yukon Environmental and Socio-economic Assessment Act (YESAA) which replaces the former Yukon Environmental Assessment Act (YEAA). Being deemed adequate implies that sufficient technical and environmental information has been presented to YESAB to proceed to the next step.

Screening will include public comment periods and result in a screening report and recommendation, and then a decision.  The subsequent steps in the process would be the acquisition of permits, including the Quartz Mining Licence and Type A Water Permit, followed by project construction.

According to the bankable feasibility study, details of which were announced in February 2009, MacTung has an underground indicated mineral reserve of 8.2 million tonnes grading 1.09% tungsten trioxide (WO3), an indicated resource of 33 million tonnes grading 0.88% WO3, and an inferred resource of 11.8 million tonnes grading 0.78% WO3.

The study, completed by Wardrop Engineering, considered a 2,000 tonnes per day underground mine with an initial mine life of eleven years. The underground mine will feed a surface facility that would produce both a premium gravity concentrate (67% W03) and a flotation concentrate (55% WO3).  Recoveries are expected to be 81.7%.

In the first five years, the mine would produce approximately 752,000 metric tonne units (MTU’s) of Tungsten Trioxide (WO3) per annum at an operating cost of C$104/MTU.  The estimated capital cost for the project is C$402.1 million, including a C$45.6 million contingency budget, with a capital pack back of just 2.9 years based on a US$300/MTU WO3.

The company in February projected that construction will start in the second quarter of 2010 and require 27 months to complete.

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