The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR) is pleased to announce a 55% tungsten resource inventory increase at the Company’s wholly owned Pilot Mountain tungsten project in Nevada, USA, representing a maiden resource estimate for the Garnet prospect, and an increase in the resource estimate at Desert Scheelite.
Commenting, Mr Mick Billing, Executive Chairman of Thor Mining, said:
“A very good period for the Company and its investors. The very positive results at Pilot Mountain demonstrate the significant and increasing value of this project and we are very keen to see the outcome of the maiden resource estimate, now commissioned, for the Garnet deposit. When added to the existing Desert Scheelite resource estimate we anticipate building a substantial resource inventory, with ample capacity for significant further growth.