(MENAFN- ProactiveInvestors - UK) W Resources PLC (LON:WRES), has started drilling at its São Martinho gold deposit, a part of the CAA/Portalegre licence in south eastern Portugal.
A targeted 1,500 metre diamond core drilling campaign will aim to increase the current JORC compliant resource of 112,000 oz. As well as Sao Martinho, W Resources has two former copper mines on its acreage in Portugal and the adjacent CAA gold prospect. A strategic review of its interests in Portugal has now got underway to see how tomaximise their value. Michael Masterman, W Resources chairman, said: "The São Martinho drilling campaign has the potential to significantly increase the size of the JORC resource in this shallow high-grade gold deposit. "Our strategic review of our copper gold assets will explore how we can best unlock this untapped value to shareholders and will be completed over the next four months.'
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