NEW YORK, NY--(Marketwired - May 6, 2013) - Tungsten Corp. (
The decision to move ahead quickly is based on a number of factors: principally, as a result of existing high prices for tungsten concentrates (W0 3 ), and secondarily, on current and projected increases in demand coupled with uncertainty over future supply restrictions from overseas sources.
Tungsten Corp. is well situated to take advantage of the future development possibilities present at its flagship Nevada property. The majority of the claim block encompasses known tungsten deposits previously identified and partially mined by past producers.
Based on the previously announced initial sampling and mapping that will be underway shortly, at the Cherry Creek project, the 2013 field season will commence in earnest with the employment of highly skilled geologists and geotechnicians which will increase the level of competency and ability of our staff complement exponentially. Management has further decided to employ the latest remote sensing technologies, including Spectral Analysis, to map out areas with lithological alterations related to mineralization, as well as Molecular Resonance Technology to identify specific tungsten targets both on- and sub-surface, throughout the exploration phase of the program.
Company President Guy Martin states, "During this next phase of our planned field work, we intend to extensively deploy handheld portable XRF (X-ray fluorescence) instruments, as this specialized equipment can give us very accurate assay data for soil, outcrop and drill core samples. The concentrated use of these modern technologies will allow the company to complete the upcoming exploration of the property quickly, competently and with major savings in cost."
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 www.tungsten-corp.com .
About Tungsten Corp. (
Note Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, references to options, historic production and activities, mineral grades and the development, costs and results of current or future actions and opportunities in the sector. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact: TUNG Investor Relations Phone: +1-877-427-1110 Email: investors@tungsten-corp.com Website: www.tungsten-corp.com
