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Thor Mining Plc
Summary
| Project: | Molyhil | |
|---|---|---|
| Deposit: | Molyhil | |
| Location: | Australia | |
| Commodities: | Tungsten-Molybdenum-Copper-Iron | |
| Date: | 10/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2019: Thor Mining Plc announces a Resource Estimation report for its Molyhil deposit at the Molyhil project. Updated mineral resource estimate for project. The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise of an update to th | |
| Resources: | (Resource, I+I): 4.71Mt @ 0.28% WO3, 0.14% Mo, 0.05% Cu, 18.0% Fe | |
| CP/QP: | [Resources]: David Allmark (RPM Global) | |
| ABSTRACT: | The Board of Thor Mining Plc ("Thor") (AIM, ASX: THR) is pleased to advise of an update to the Mineral Resource Estimate for the Company's flagship Molyhil project in the Northern Territory of Australia. Mr Mick Billing, Executive Chairman, commented: “This revised Mineral Resource Estimate is a welcome boost for the Molyhil project with a 1.5% increment in contained tungsten metal along with a very impressive 9.3% increase in contained molybdenum." The inclusion of copper in the Molyhil Mineral Resource further enhances the potential of this project as we work toward a project financing package for Molyhil. "While the copper grades in the Molyhil Mineral Resource are modest, the copper minerals are extracted as a by-product of the molybdenum and other sulphide products flotation stage without additional reagent addition, and virtually therefore at no additional cost". | |
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