March 22, 2013 at 14:30 PM EDT
Almonty Industries Signs Option Agreement for Valtreixal Tin-tungsten Project in Spain
Almonty Industries Inc. (TSXV:AII) signed an option agreement for a 51% interest in the Valtreixal Tin-Tungsten project in North Western Spain, as well as to be the project operator, for Euro 1.4 million. Valtreixal is approximately 250km from the Company's Los Santos tungsten project, and has a historical estimate of 8.65 million tonnes of mineralization at a grade of 0.23% Sn+WO3(0.10% Sn + WO3 cut-off).
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