Perpetua makes tungsten discovery at Gold-Stibnite project in Idaho
Significant high-grade gold intercepts, including a gold-tungsten intercept, have been identified in the Clark Tunnel Fault Zone.
Perpetua Resources has made a tungsten discovery at its Stibnite project in Idaho, identifying potential sources of the critical mineral within its permitted pits. The metal, which has the highest melting point of any metal and is essential for heavy industry, aerospace engineering, advanced electronics, and military defense systems, has not been produced in the US since 2015 due to low prices and competition from China.
Tungsten production is dominated by China, which accounts for over 80% of global output. Perpetua CEO Jon Cherry stated that the company is focusing on drilling areas that align with its planned mining sequence, aiming to test higher-grade gold and antimony targets within its permitted pits to supplement its existing Stibnite Gold project mine plan.
The discovery of tungsten, along with significant high-grade gold intercepts and scheelite, a tungsten-bearing mineral, in the Clark Tunnel Fault Zone and Huckleberry Fault Zone, presents opportunities to grow and unlock additional resources outside the current reserves.
Brief written by urgent.news from Mining.com's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
