PLY: anyone have this one?
Playfair continues to advance rapidly towards its goal of becoming one of the world's principal developers of new high grade tungsten resources. PLY now has 100% controlling interest in four advanced stage Canadian tungsten projects, Risby, Lened, Clea and Grey River with combined historical resources* totalling over 3.7 million of contained tungsten MTUs**. Each of these high profile targets possesses considerable potential to add more resources with further exploration.
Playfair's Total Historic Tungsten resources*
Grey River (Newfoundland): 473,000 tonnes of 0.97% WO 3 (10.1 million lbs) or (458,000 MTUs)
Risby (Yukon): 2,700,000 tonnes of 0.81% WO3 (48.2 million lbs) or (2,187,000 MTUs)
Lened (NWT): 737,000 tonnes of 1.14% WO3 (18.5 million lbs) or (840,200 MTUs)
Clea (NWT): 257,000 tonnes of 0.93% WO3 (5.3 million lbs) or (239,000 MTUs)
In addition, Playfair controls an early stage tungsten project at Granite Lake with have excellent exploration targets already identified.
In the short term, the company's key priority is to aggressively advance its Grey River tungsten deposit toward production.
* Estimates of tungsten resources are historical in nature, predate and are noncompliant with NI 43-101. Playfair is not treating the historical estimate as current mineral resources or reserves. Playfair has not undertaken any independent investigation of the resource estimates nor has independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historical estimates should not be relied upon. However, Playfair believes that these historical estimates provide a conceptual indication of the potential of the occurrences and are relevant to ongoing exploration.
** For the definition of MTUs please click on the "About Tungsten" link above.
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