NEW YORK, NY--(Marketwired - May 28, 2013) - Tungsten Corp. (
During recent field work, the Company elected to engage Colorado-based Spectral International Inc. ( www.spectral-international.com ) to undertake a spectral analysis aimed at identifying new tungsten-prospective targets throughout the Cherry Creek mining property, located approximately 90 miles south of the town of Wells, in White Pine County, Nevada.
Reflectance spectroscopy has been successfully used by exploration companies for many years as a remote sensing tool in order to identify alterations related to many kinds of mineralization and as an aid to lithology mapping. Spectroscopy is particularly sensitive to clay and other alteration minerals such as carbonates.
Tungsten Corp. had already ascertained that the tungsten (scheelite) mineralization previously mined at the Cherry Creek location was closely related to carbonate alterations and therefore determined that a spectroscopic study offered a proven method to rapidly identify the most prospective areas, especially in relation to the several historic past-producing mines on the property.
The spectral information quickly confirmed areas of previously known tungsten mineralization as well as identified many new alteration zones that will be mapped and sampled in detail now that the 2013 field season is fully underway. In addition, important information was obtained through the identification of major rock units extending across the property and beyond and which will subsequently aid in the preparation of a detailed geologic area map.
Company President Guy Martin comments, "It was an easy decision to invest in the remote sensing analysis as the cost/benefit value was obvious to us. The spectral study provides a real head start on the exploration of the property, especially in terms of identifying previously unknown mineralized zones. It dramatically speeds up the development of an overall picture of the inherent tungsten mineral resource and that achievement alone helps pave the way towards the development of a proper resource estimate of the property. Asset valuation is a major goal for our team and shareholders alike, and anything that speeds up the process, while maintaining the quality of the resultant data, is being utilized to achieve that goal."
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
