HISTORIC DRILLING BACKS GOLD-TUNGSTEN PLAN AT MULGINE TRENCH

Key gold hits bolster integrated development approach

Tungsten Mining NL (ASX:TGN) has confirmed shallow gold mineralisation within the overburden of the Mulgine Trench tungsten pit shell at Mt Mulgine, strengthening the company’s integrated gold-tungsten development strategy.

The evaluation, undertaken against a backdrop of strong gold and tungsten prices, supports the potential for near-surface gold to offset pre-strip costs and speed up access to the primary tungsten orebody. Four main targets were reviewed: the Mulgine Trench oxide gold target, and the historical pits Bobby McGee, Highland Chief, and Black Dog.

Best intersections include:

Mulgine Trench oxide gold target

10 metres at 4.19 g/t Au from 8 metres (MGRC46)
14 metres at 1.84 g/t Au from 8 metres (TCR013)
12 metres at 1.59 g/t Au from 7 metres (CYRC006)

Bobby McGee pit

11 metres at 9.97 g/t Au from 32 metres (BMGC078)
23 metres at 2.76 g/t Au from 30 metres (BMGC087)
9 metres at 4.36 g/t Au from 26 metres (BMGC088)

Highland Chief pit

15 metres at 4.45 g/t Au from 35 metres (HCGC118)
13 metres at 2.01 g/t Au from 37 metres (HCRC010)
14 metres at 3.26 g/t Au from 45 metres (HCRC037)

Black Dog pit

7 metres at 7.80 g/t Au from 25 metres (BDGC075)
12 metres at 3.20 g/t Au from 33 metres (BDGC111)
7 metres at 5.23 g/t Au from 31 metres (BDGC151)

Tungsten Mining’s chairman Gary Lyons commented
This review of historic drilling confirms the presence of shallow oxide gold mineralisation within the overburden of the Mulgine Trench tungsten pit shell. These results support our strategy to unlock early value from gold while progressing development of the underlying tungsten deposit.

We see a clear opportunity to enhance project economics by targeting near-surface gold as part of an integrated approach at Mt Mulgine, and we look forward to advancing this work through infill drilling and further evaluation.