 | | | August 14, 2008
North American Tungsten Continues To Intersect High Grade Ore At Cantung Including 22Ft @ 2.98% Wo3, 20Ft @ 3.31% Wo3 And 15Ft @ 4.34% Wo3.
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| | Highlights:
- Continued expansion of newly discovered high grade tungsten zone down dip of the West Extension workings.
- The mineralized zone is proximal to existing underground development.
- Selected results include 15ft @ 4.34% WO3, 10.5ft @ 4.26% WO3, 20ft @ 3.31% WO3 and 22ft @ 2.98% WO3.
- Development of decline and ventilation to access high grade ore is to commence.
North American Tungsten Corporation Ltd. (TSX-V: NTC) (the "Company") is pleased to announce that the Q3/08 Cantung Mine exploration and delineation drill program continues to intersect high grade tungsten mineralization at depth. The drill program successfully identified high grade tungsten mineralization down to the 3400ft level, approximately 300ft below the current lowest mine level workings (3700 level). Development of the decline to access the high grade ore is scheduled to commence immediately, pending availability of machinery.
"The continued success of our Cantung underground exploration and delineation drill program continues to show the tremendous potential of previously undiscovered areas at the mine. We believe that these newly discovered zones could have a significant impact on the mine life at Cantung by simply blending with lower grade material that the company previously believed to be uneconomic" said North American Tungsten Chairman and CEO, Stephen Leahy.
The Cantung exploration and delineation drill program has completed an additional 6000ft of drilling below the 3700 level. The aim of the Q3/08 drill program is to further define the high grade tungsten zone for inclusion in an updated NI43-101 resource estimate and mine plan. This zone still remains open to the west, east and down plunge. Drilling will continue in this area.
Section 190665 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect ore perpendicular to strike. This section is approximately 110 feet east of the geological cross section reported in the June 3rd, 2008 press release.
Section 190825 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect ore perpendicular to strike. Due to location of the drill cut out, drilling was often sub parallel to dip -- hence the true thickness is often considerably less than the reported intersection. This section is approximately 320 feet east of the geological cross section reported in the June 3rd, 2008 press release.
Section 190400 was drilled at an orientation 30 degrees west of engineering section (210 degrees) to intersect ore perpendicular to strike. This section is approximately 150 feet west of the geological cross section reported in the June 3rd, 2008 press release.
The total mineralized zone has been expanded to a strike length of at least 470 ft. Infill drilling is planned to better define the lenses. In addition, step out drilling will continue to the west until additional drill platforms can be built to the east.
Quality Assurance
The Company instituted a QA/QC program consistent with best industry practice standards. Elements of the program include chain of custody, as well as standard and blank samples. Samples are assayed at the mine assay laboratory and selected samples are sent to ALS Chemex and to Global Discovery Labs (Teck Cominco Limited) both in Vancouver for duplicate assaying. Results from the QA/QC program have to date been satisfactory.
Qualified Person
The technical information contained in this release was compiled in accordance with the Listing Rules of the Toronto Stock Exchange Limited, by a competent person who has consented to the inclusion of such technical information in the form in which it appears in this release. The competent person is Finley Bakker, P.Geo., Chief Geologist for Cantung for North American Tungsten and J. Britt Reid, P. Eng., COO of North American Tungsten. Both Mr. Bakker and Mr. Reid are qualified persons under NI 43-101.
ABOUT NORTH AMERICAN TUNGSTEN CORPORATION LTD
The Company is a publicly listed Tier 1 Junior Resource Company engaged primarily in the operation, development, and acquisition of tungsten and other related mineral properties in Canada. The Company's 100% owned Cantung mine and Mactung development project make it
one of the few tungsten producers with a strategic asset in the western world. Mactung is one of the world's largest known undeveloped high grade tungsten-skarn deposits.
ON BEHALF OF THE BOARD OF DIRECTORS
"Stephen M. Leahy"
Stephen M. Leahy
Chairman & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note The Company relies upon litigation protection for "forward-looking" statements.
b>INVESTOR CONTACT:
Toni Williamson
Corporate Geologist
info@natungsten.com
Phone: +1.416.602.2665 Fax: +1.604.684.2992
www.northamericantungsten.com |
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