| Announcement Date: | 2022-02-08 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Rafaella Resources Ltd. |
| Project name: | Santa Comba |
| Location: | Spain |
| Commodities: | Tin,Tungsten |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to announce the results of the recently completed underground mineral resource estimation as carried out by Rafaella’s Geology and Mineral Resources Department, for the Santa Comba tungsten and tin project (‘Santa Comba’ or the ‘Project’) held by Rafaella’s wholly owned Spanish subsidiary, Galicia Tin and Tungsten SL (‘GTT’). Table 1 shows the details of the underground mineral resource estimate (‘UG MRE’) for Santa Comba, including the Zone Mina Carmen North updated by Rafaella as of February 2022 and the unchanged UG MRE of Zone Mina Carmen South, dated August, 2016 The Company owns 100% of the Project located within a group of concessions covering 36.1km2 . A significant amount of artisanal mining has occurred across the concessions exploiting quartz-wolframite veins and alluvial concentrations of wolframite. Underground mining occurred in the vicinity of Varilongo Hill, including the Mina Carmen and Santa Maria mines. |
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