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Thor Mining Plc
Summary
| Project: | Bonya | |
|---|---|---|
| Deposit: | White Violet, Samarkand | |
| Location: | Australia | |
| Commodities: | Copper-Tungsten | |
| Date: | 1/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2020: Thor Mining Plc announces an Exploration/Drilling Update report for its White Violet, Samarkand deposit at the Bonya project. Drilling results incl. 23m @ 0.58% WO3 from 0m. Thor Mining Plc ("Thor") (AIM, ASX: THR) and Arafura Resources Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Bradey (Internal) | |
| ABSTRACT: | Thor Mining Plc ("Thor") (AIM, ASX: THR) and Arafura Resources Limited ("Arafura") (ASX: ARU) are pleased to advise that the final follow up laboratory assay results from the recent Bonya RC drill program confirm the previously reported interim portable XRF results (11 and 25 November 2019). 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. A total of eleven holes were drilled at White Violet, and a further eight holes at Samarkand to complete the program with 1,386 metres drilled in total. Mick Billing, Executive Chairman of Thor Mining, commented: "The Bonya tungsten deposits are delivering robust results which, we believe can add significantly to the economic life and commercial outcomes of the nearby proposed Molyhil project." "The Bonya project hosts additional tungsten and copper deposits, and these will be tested in due course, however our initial focus is likely to remain with the White Violet tungsten deposit, the Samarkand tungsten/copper deposit, and the Bonya copper deposit. It is hoped that these can extend the Molyhil project life of mine towards 10 years." | |
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