Blackheath Resources (TSXV:BHR,FWB:04B) entered into a Letter of Intent for an option to acquire the past-producing Bejanca tungsten/tin project, about 12 kilometres northwest of Viseu in northern Portugal.
The concession encompasses several historic mines that produced tin and tungsten concentrates until their closure in 1985. No exploration work or drilling has been undertaken since that time and Blackheath will re-assess Bejanca for its mineral potential.
Blackheath President & CEO James Robertson said:
This is an exciting new project for Blackheath and further demonstrates our strategy of acquiring attractive, past-producing projects in Portugal at accretive terms to build significant shareholder value. Our technical team has already started assessing the sizeable project area in order to plan our exploration strategy.