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Thor Mining Plc
Summary
| Project: | Bonya | |
|---|---|---|
| Deposit: | White Violet, Samarkand | |
| Location: | Australia | |
| Commodities: | Copper-Tungsten | |
| Date: | 1/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2020: Thor Mining Plc announces a Resource Estimation report for its White Violet, Samarkand deposit at the Bonya project. Updated mineral resource estimate for deposits. Thor Mining Plc (“Thor”) (AIM, ASX: THR) and Arafura Resources Limited (“Arafur | |
| Resources: | (Resource, Inf.): 0.740Mt @ 0.21% WO3, 0.09% Cu at White Violet and Samarkand | |
| CP/QP: | [Resources]: Graeme McDonald (Independent) | |
| ABSTRACT: | Thor Mining Plc (“Thor”) (AIM, ASX: THR) and Arafura Resources Limited (“Arafura”) (ASX: ARU) are pleased to advise maiden mineral resource estimates for the White Violet and Samarkand tungsten and copper deposits at Bonya, adjacent to the Thor Mining Molyhil tungsten and molybdenum project. The project is held in joint venture between Arafura (60%) and Thor (40%) with Thor acting as manager, and each party contributing to the cost according to their equity holding. Mick Billing, Executive Chairman of Thor Mining, commented: “These maiden resources are very significant when combined with the mining inventory of the nearby proposed Molyhil development.” “More work is required, to convert these inferred resources to, at least, Indicated classification, along with other technical, environmental, and social impact assessments, however we have taken very good first steps.” The Bonya project hosts additional known tungsten and copper deposits, and some high tenor copper strike extension at Samarkand. These will be tested in due course, and we expect that they will further contribute to the life and value of the greater Molyhil project.” | |
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