Defender Tungsten Test Hits 93% Recovery, 20x Grade Upgrade
GWMOF sits 43% above its 52-week low of $0.037.
Summary
Initial metallurgical testing at the Defender tungsten project in Nevada achieved 92.98% tungsten recovery into a rougher concentrate grading 7.21% WO3, a 20-fold upgrade from the 0.35% WO3 bulk sample. The results confirm amenability to standard flotation and compare favorably with regional skarn projects. Low molybdenum levels reduce downstream purification risk. Next phase will optimize cleaner circuits to reach marketable concentrate specifications. This is a meaningful technical de-risking event for a micro-cap explorer with a $23M market cap.
At the time of this announcement, GWMOF was trading at $0.05 on OTC in the Manufacturing sector, with a market capitalization of approximately $23.2M. The 52-week trading range was $0.04 to $0.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.