Tiberon still hitting good Tungsten grades

Vancouver — Calgary-based Tiberon Minerals (TBR-V) has tabled more encouraging results from the ongoing drill program at its Nui Phao Tungsten project in Vietnam.

The latest holes, NP-32 and NP-33, were collared in the central zone as infill holes to help delineate a resource. Both were drilled vertically. Hole NP-32 was drilled 60 metres southwest of previously reported hole NP-27 (77 metres grading 0.31% tungsten trioxide followed by 46 metres grading 0.63% tungsten trioxide).

Hole NP-32 intersected 40 metres grading 0.41% tungsten trioxide, 0.28 gram gold, 0.22% copper, 0.11% bismuth and 8.2% fluorite, starting at 37 metres down-hole. This included an 8-metre interval that averaged 0.75% tungsten trioxide, 0.38 gram gold, 0.28% copper, 0.13% bismuth and 4.4% fluorite.

Further down-hole, a 28-metre interval cut 0.33% tungsten trioxide, 0.17 gram gold, 0.12% copper, 0.05% bismuth and 10.6% fluorite. This included a 6-metre section which assayed 0.5% tungsten trioxide, 0.17 gram gold, 0.14% copper, 0.08% bismuth and 15.8% fluorite.Hole NP-33 was collared 200 metres west of hole NP-18 (16 metres averaging 0.9% tungsten trioxide). NP-33 intersected a number of mineralized intercepts, starting at 27 metres down-hole. These include:

• 6.2 metres grading 0.69% tungsten trioxide, 0.48 gram gold, 0.41% copper, 0.17% bismuth and 1.7% fluorite;
• 8 metres grading 0.59% tungsten trioxide, 0.18 gram gold, 0.30% copper, 0.07% bismuth and 5.2% fluorite;
• 2 metres grading 1% tungsten trioxide, 0.5 gram gold, 0.38% copper, 0.19% bismuth and 14.2% fluorite;
• 14 metres grading 0.51% tungsten trioxide, 0.4 gram gold, 0.34% copper, 0.14% bismuth and 4.8% fluorite; and
• 44 metres grading 0.51% tungsten trioxide, 0.34 gram gold, 0.13% copper, 0.11% bismuth and 11.4% fluorite.

Hole NP-30 was drilled about 200 metres east-southeast of hole NP-26 (20 metres averaging 1.11% tungsten trioxide). Only minor tungsten mineralization was encountered and no grades were above 0.3% tungsten trioxide.

“We’ll be moving (the drill rigs) into the rice fields and basically continuing our delineation of the central zone,” says Kevin Flaherty, Tiberon’s vice president and director.

The company is moving a fifth drill rig on to the property in order to increase the pace of delineation drilling.

A scoping study is being conducted by Thibault and Associates. Once this is finished, bench-scale metallurgical work is expected to commence. The company expects to start a prefeasibility study later this year, when it has released a resource estimate.