Playfair Mining
Playfair Mining is a Toronto (TSX.V: PLY) and Frankfurt (P1J) listed junior mining company focused on the exploration and development of tungsten projects. PLY has 100% controlling interest in four advanced stage Canadian tungsten projects, Risby, Lened, Clea and Grey River with combined 43-101 and historical resources* totalling over 104 Million pounds of contained Tungsten. Its investment case rests on China’s decision to curtail tungsten exports in response to its own requirements. China currently accounts for approximately 85% of the world’s primary tungsten (mine production) and approximately 65% of the world reserve base.
Playfair updates on Grey River Tungsten project
Playfair Mining (TSX.V: PLY – Frankfurt: P1J) a junior mining company focused on the exploration and development of tungsten projects, updated the markets on its Grey River Tungsten deposit drill program.
The program is nearly complete and has defined a significant down plunge zone of tungsten mineralization extending the No 10 Vein Deposit at depth and to the north. Early visual interpretations of cores from the program are beginning to riase Playfair's understanding of the Tungsten deposit.
Playfair's Chairman and CEO, Donald Moore, commented:
We are pleased that our strategy to increase the size of Grey River high grade tungsten is yielding positive results. Our predecessors theorized that tungsten mineralization within the No 10 Vein might plunge to the north from surface, our work has shows that they were correct."
Other Playfair Mining articles
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12/06/08 Playfair Mining – The next tungsten supplier?
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31/03/08 Tungsten – Getting cornered in China
Other Playfair Mining news
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18/06/08 Playfair Mining resumes drilling at Risby Tungsten Deposit
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07/04/08 Playfair Mining updates investors on progress at Granite Lake