The Board of Thor Mining Plc (LON:THR) today announced 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.
Highlights include;
· 3.5m @ 1.32%WO3 from 9.5m
· 10m @ 0.32% Cu from 44m
· 10m @ 1.32%WO3 from 53m
· 5m @ 1.74%WO3 from 76m including 2m @ 0.81%Mo from 78m and;
· 7m @ 1.58%WO3 from 88m including 4m @ 0.44%Mo from 88m
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 assess the Molyhil Mineral Resource Estimate for the inclusion of 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 to the reappraisal of the economic potential for copper at Molyhil.”
An historic Molyhil Mineral Resource Estimate with copper included is available on the ASX website, and can be viewed, on page 33 of 124, via the following link:
https://www.asx.com.au/asxpdf/20060817/pdf/3y0txr8b44pkk.pdf
Thor Mining plc an AIM listed mining company with tungsten and copper projects in Australia and the USA. Metal Tiger plc (LON:MTR) had an investment of 51,350,000 ordinary shares at 31 December 2017 representing 8% of the issued ordinary share capital of Thor Mining.
