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Market: TSX-V
Sector: General Mining
Epic: .NTC
News: Latest news
Web Site: North American Tungsten
Other Articles: 23-10-200927-07-200908-07-2009

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Monday March 15, 11:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 08:34Robust Resources shares spike on record 82.5M gold-silver zone

The outstanding result came from hole LWD 062 which intersected gold and silver mineralisation over a drilled width of 82.5 metres. It is the widest intersection encountered by Robust in sixteen months of drilling to date.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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North American Tungsten

North American Tungsten

North American Tungsten is a publicly listed Tier 1 Junior Resource Company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's 100% owned Cantung mine and Mactung development project make it one of the few tungsten producers with both a producing mine and strategic development asset in the western world.

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Friday, October 23, 2009

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

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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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