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Thor Mining Plc
Summary
| Project: | Molyhil | |
|---|---|---|
| Deposit: | Molyhil | |
| Location: | Australia | |
| Commodities: | Tungsten-Molybdenum-Copper | |
| Date: | 8/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-8-2019: Thor Mining Plc announces an Exploration/Drilling Update report for its Molyhil deposit at the Molyhil project. Drilling results incl. 10m @ 1.32% WO3 from 53m. The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce furthe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Bradley (Internal) | |
| ABSTRACT: | The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce further positive assay results from the second metallurgical bulk sample drill hole at the company’s wholly owned Molyhil tungsten molybdenum deposit, in the Northern Territory of Australia. The second of two PQ (85mm) diamond drill holes drilled down plunge of the Molyhil Yacht Club lode to obtain material for production of tungsten and molybdenum concentrate samples has now been assayed. The holes were designed specifically for production of concentrate samples and will not contribute to the mineral resource estimate. Following the results, Thor has commissioned RPMGlobal to upgrade the Molyhil Mineral Resource Estimate to include copper. Mick Billing, Executive Chairman, commented: “It is very rewarding to have more high tenor bulk sample assay results at Molyhil and to have confirmation of extensive high-grade scheelite and molybdenum mineralisation.” “The continued confirmation of copper mineralisation at potentially economic levels is also very pleasing. Thor has commissioned a review of the resource estimate for Molyhil to include this, however until that work is complete, we can ascribe no additional value for any potential copper at this time.” “Since acquiring the Bonya properties, ongoing studies on the combined Molyhil-Bonya project have identified the copper potential of Bonya and its potential suitability for processing at Molyhil (news releases 26 November2018 and 7 May 2019). This has led the reappraisal of the economic potential for copper at Molyhil.“ | |
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