Tungsten Corp. ("Tungsten Corp." or the "Company"), an exploration stage company focused on the evaluation, acquisition and development of domestic tungsten mining opportunities, is pleased to announce that as a result of ongoing positive economic conditions, the company will proceed rapidly with plans for an advanced technical survey of its Nevada property.
The decision to move ahead quickly is based on a number of factors: principally, as a result of existing high prices for tungsten concentrates (W03), 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 our website.