NEW YORK Junior mining company Tungsten Corp. has
acquired options on 100 percent of the tungsten mineral rights
at properties in Nevada and Idaho.
The Nevada property encompasses 2,300 acres in the Cherry Creek
Project and contains 32 patented and unpatented mining claims.
The districts mines were idle from 1958 to 1972; a period
of renewed activity lasted until 1977, when tungsten imports
effectively shuttered U.S. production, the New York-based
company said April 22.
Meanwhile, the company has also acquired tungsten mineral
rights in an area known as the Wildhorse Mine property in
The area once had a mill that processed tungsten ore from three
nearby open-pit mines. Operations were discontinued in the
1950s due to falling prices and a lack of commercial demand.
Both locations are already serviced with roads,
electricity and water, making them ideal prospects for re-entry
and eventual renewal of commercial production, Tungsten
Corp. president Guy Martin said in a statement. We aim to
mobilize teams of geologists and mine engineers to both
locations shortly in order to sample, assess and prepare work
plans and budgets for the upcoming field season.
The company also recently acquired Nevada Tungsten Holdings
amm.com, April 12