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Drilling at Borralha Project hits 200m of tungsten mineralization, boosting expansion hopes near Santa Helena deposit

Market News
07 Apr 2026
Newsfile Corp
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Bullish
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Allied Critical Metals' drilling at the Borralha Tungsten Project in Portugal intersected over 200 metres of breccia-hosted tungsten mineralization at the new Venise Breccia target, about 400 metres from the Santa Helena deposit. Visible tungsten minerals along with molybdenite and chalcopyrite were found, indicating potential polymetallic mineralization and supporting the geological model of a broader mineral system. This discovery is part of a fully funded 20,000-metre drill program aimed at expanding resources, extending mine life, and scaling the project. Further drilling and assays are underway to confirm the mineralization's extent and economic potential, reinforcing Borralha's strategic importance for tungsten supply in Europe and NATO-aligned markets.

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