Almonty : Announces The Filing Of An Updated NI 43-101 Technical Report For The Sangdong Tungsten Mine Dated December 31, 2015
January 07, 2016 at 12:07 pm
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Microsoft Word - AII PR Tech Report AKT 20160106 SEDAR
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ALMONTY ANNOUNCES THE FILING OF AN UPDATED NI 43-101 TECHNICAL REPORT FOR THE SANGDONG TUNGSTEN MINE DATED DECEMBER 31, 2015
Including the recently acquired Panasqueira tungsten mine in Portugal, Almonty has a combined proven and probable mineral reserve base of 12,911,000 tonnes at an average WO3 equivalent grade of 0.32%, measured and indicated mineral resources (inclusive of reserves but excluding tailings and other stockpiles) of 20,270,000 tonnes at an average WO3 grade of 0.32% and inferred mineral resources of 76,851,000 tonnes at an average WO3 equivalent grade of0.36%
Toronto, January 6, 2016 - Almonty Industries Inc. ("Almonty" or the "Company") (TSX-V: AII) today announced the filing of an updated National Instrument 43-101 Technical Report for the Sangdong tungsten mine in Gangwon Province, South Korea.
The Technical Report was filed on SEDAR (www.sedar.com) under Almonty's company profile and will also be available on the Company's website at www.almonty.com.
"We believe the updated NI 43-101 Technical Report for the Sangdong mine demonstrates the consistent expansion of Almonty's understanding of the vast resource potential of the Sangdong mine. We have spent significant time and energy reworking the mine plan capital expenditure program as evidenced by the work done to date on the updated technical report. We are in the process of completing an updated feasibility study for the Sangdong mine project based on the updated technical report that materially improves upon the June 1, 2015 report. The combined reserve and resource base across all of our tungsten projects gives Almonty a resource profile that rivals any tungsten mining company in the world," stated Lewis Black, Chief Executive Officer of Almonty.
Summary of Almonty's Technical Reports by project as filed (or to be filed in the case of Panasqueira):
Almonty owns 25% of Valtreixal and has an irrevocable option to acquire the remaining 75%
Almonty Industries Inc. issued this content on 2016-01-06 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-07 17:06:23 UTC
Original Document: http://www.almonty.com/_resources/news/nr_2016_01_06C.pdf
Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfeâs properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.
ALMONTY INDUSTRIES INC 
