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Project: | Jervois | |
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Deposit: | Jervois | |
Location: | Australia | |
Commodities: | Vanadium-Titanium | |
Date: | 7/3/2019 | |
Report Code: | JORC | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 3-7-2019: Thor Mining Plc announces a Resource Estimation report for its Jervois deposit at the Jervois project. JV with Arafura - Exploration Target Range for project. Thor Mining Plc (“Thor”) (AIM, ASX: THR) and Arafura Resources Limited (“Arafura”) (AS | |
Resources: | Exploration Target: 90 - 110Mt @ 0.3-0.8% V2O5 and 4-8% TiO2 | |
CP/QP: | [Overall Report]: Graeme McDonald (Independent) | |
ABSTRACT: | Thor Mining Plc (“Thor”) (AIM, ASX: THR) and Arafura Resources Limited (“Arafura”) (ASX: ARU) are pleased to advise a plan to further advance exploration of and assess potential development options for the Jervois Vanadium Project in the Northern Territory of Australia. The project is held in joint venture between Arafura (60%) and Thor (40%). Whilst substantial work was performed by others previously, in 2004, Arafura completed a review of all of the previous exploration data available for the Jervois Project area. From this work, the Attutra Metagabbro was identified as an area of interest for Fe/V and Au/PGE potential. In 2005, Arafura commissioned a high-resolution airborne magnetic/radiometric survey over the project area. This survey highlighted several magnetic targets within the Attutra Metagabbro. Between November 2006 and June 2008, a total of 60 RC holes for 5,774m were drilled at the Jervois Project (refer to appended drill hole location table). This drilling successfully targeted numerous magnetite rich zones of the Attutra Metagabbro for Fe/V mineralisation. | |
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