Malaga Inc (MLG)

[eddy05]

Malaga's Pasto Bueno at 398,845t of 0.75% WO3 M+I

2010-03-05 12:02 ET - News Release

Mr. Jean Martineau reports

MALAGA ANNOUNCES ITS TUNGSTEN ORE RESERVES AND RESOURCES INCREASED BY 72% AND 280% RESPECTIVELY AT PASTO BUENO TUNGSTEN MINE: PERU

Malaga Inc. has released resource estimates from an updated technical report on the Pasto Bueno tungsten mine's reserves and resources, located in the Ancash province of Northern Peru. The National Instrument 43-101-compliant report was prepared by Vector Engineering Inc. The data include detailed sampling of veins exposed in drifts and chimneys, and long sections of eight veins that are currently being exploited or explored. There are currently 78 known WO3-mineralized veins found on Malaga's Pasto Bueno property. The resource summary includes 169,427 metric tonnes of proven-and-probable reserves, with a WO3 average grade of 0.7 per cent, 398,845 metric tonnes of measured-and-indicated resources with a WO3 average grade of 0.76 per cent and 1,820,641 metric tonnes of inferred resources with a WO3 grade of 0.7 per cent.