EMED Mining lays the groundwork for the Regua tungsten project

It is reported that EMED Mining has now started evaluating the Regua tungsten deposit in Portugal. The project was formally acquired after shareholders approved the deal at the end of last month.

Mr Harry Anagnostaras-Adams managing director of EMED said "Recent site visits by senior EMED Mining development planners have laid the groundwork for evaluating the Regua Tungsten Deposit over the coming year.

It has already held preliminary meetings with regulatory authorities. It has identified and prioritized the matters which need to be evaluated to assess the project s potential. Crucially it has secured access to the deposit for exploration and potentially trial-mining, after reaching an agreement with the Portuguese land holder.

EMED emphasized that tungsten is becoming an increasingly important metal particularly in Europe.

Mr Anagnostaras Adams said "Tungsten has been classified as a critical raw material by the European Commission, the outlook for the tungsten price remains very strong and Regua complements the copper and gold projects in our development pipeline.

He said that "Whilst the Rio Tinto Mine is clearly our 'number 1 priority', this opportunity within the Iberian Peninsula is worth evaluating further as EMED Mining intends to develop into a metal producer with several operational mines.

He added that Subject to consultation with regulatory authorities, the next stages at Regua include a development scoping study and exploration drilling, targeting resource confirmation and potential extensions."