NEW YORK, NY--(Marketwired - Jun 3, 2013) - Tungsten Corp. (
The survey was undertaken by a geological consultant to the Company, along with one of the long-time Cherry Creek area residents with first-hand knowledge of the area. The exploration identified visible concentrations of tungsten-bearing mineralization inside the Pine Nut Mine adit as well as in ore and waste piles from historic mining activity on the property. Based on the apparent mineral concentrations, the Company has a high confidence level in identifying additional discoveries. As a result, the Company aims to increase its efforts to explore the potential for what may prove to be new, undiscovered and previously un-mined reserves on the property.
In related news, the field contract crew from Carlin Trend Mining Services Ltd. of Elko, NV, has recently completed a reconnaissance-scale soil geochemical program on a significant portion of the company's claim group. A total of sixty-eight samples were taken and shipped out for tungsten and silver assay analysis.
The survey encompassed target locations identified as the most important past producers of tungsten in the area, including areas on and around the Old Timer/Teacup, Chance, Pine Nut and Blue Bell mine locations. Additional samples were taken in proximity to previous producers where mineralization potential was indicated and throughout areas surrounding the claim group in order to test for potential new targets that may contain additional undiscovered areas of tungsten mineralization.
Company President Guy Martin comments, "We are pleased to be moving ahead quickly and efficiently. The night traverse was a real eye-opener for us, and could develop into a very interesting aspect of our exploratory efforts. Also, based on the assay results from the initial samples, we intend to continue our efforts towards the development of an increasingly extensive and aggressive exploration and development program during this current season."
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