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Thor Mining Plc
Summary
| Project: | Pilot Mountain | |
|---|---|---|
| Deposit: | Desert Scheelite, Garnet | |
| Location: | United States | |
| Commodities: | Tungsten-Silver-Copper-Zinc | |
| Date: | 4/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-4-2017: Thor Mining Plc announces an Exploration/Drilling Update report for its Desert Scheelite, Garnet deposit at the Pilot Mountain project. Drilling results incl. 5.3m @ 1.0% WO3, 0.9% Zn from 83.1m. The Board of Thor Mining Plc ("Thor" or the "Com | |
| Resources: | (Resource, I+I): 6.7Mt @ 0.31% WO3, 22.8g/t Ag, 0.17% Cu at Pilot Mountain | |
| CP/QP: | [Overall Report]: Richard Bradey (Internal) | |
| ABSTRACT: | The Board of Thor Mining Plc ("Thor" or the "Company") (AIM, ASX: THR), is pleased to advise positive assay results from the recent drilling program at the Company's wholly owned Pilot Mountain tungsten project in Nevada, USA. Mr Mick Billing, Executive Chairman of Thor: "These very positive results are significant for the Pilot Mountain project. From here we will commission the preparation of a maiden resource estimate for the Garnet deposit, building upon the existing Pilot Mountain resource inventory."At Desert Scheelite we have extended the known mineralisation to the east, and have exciting targets for higher grade eastern extensions at depth along with potential for parallel zones immediately to the north." 2017 Drilling at Desert Scheelite targeted potential up dip extensions of mineralisation from the high-grade intersection of DSDD015. Figure 4 shows the three holes relative to DSDD015 on a cross section at 424450mE. Holes 2 and 3 from 2017 lie to the east of the section but have been projected onto the section for display purposes.The geology of the area remains consistent with strong skarn development at the near vertical contact between the Luning Formation calcareous sediments and the younger intruded quartz monzonite.The results from 2017 holes have confirmed extensions to the known mineralisation and there is still a strong prospect of high grades to the east and down dip (Figure 2). Results of the geophysical survey conducted in 2013 displayed in Figure 3 indicate strong potential for the Desert Scheelite mineralisation to extend several hundred metres further eastward of the DSDD015 position, and potential also exists for additional mineralisation to the hanging wall (north) of the known Desert Scheelite lode. Testing of these areas will be undertaken in subsequent drilling. | |
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