Mick Billing, Executive Chairman, commented: “More very good XRF tungsten results along with exciting copper readings from the Samarkand deposit at Bonya.”
“The proposed Molyhil processing facility is designed to extract copper as well as tungsten and molybdenum so any primary copper at Bonya can be extracted at minimal additional cost.”
“We look forward to the full laboratory assays from this drill program, along with results from the trench sampling from Marrakech and Tashkent, all expected during May.”
The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce further positive interim results from drilling at the Bonya tungsten deposits, adjacent Molyhil, in the Northern Territory of Australia.
The Bonya project is held in joint venture with Arafura Resources Limited (ASX: “ARU”), with both parties contributing to the cost of the program in proportion to their project equity (THR 40% : ARU 60%).
Remaining interim results for Samarkand prospect are now available via portable X-ray fluorescence (“XRF”) determination. These results should be considered preliminary and subject to confirmation in subsequent laboratory assay. Laboratory assays results may vary from those obtained from XRF.
Tungsten Highlights from Samarkand drilling include:
· 15 metres @ 0.44% WO₃ from 19 metres from drill hole 19RC026;
· 8 metres @ 0.36% WO₃ from 38 metres from drill hole 19RC028;
· 11 metres @ 0.61% WO₃ from 64 metres, including 2 metres @ 0.21% Cu from 69 metres from drill hole 19RC030;
Copper drill intersection highlights include:
· 5 metres @ 0.5% Cu from 9 metres including 2m @ 0.22% WO3 from drill hole 19RC029;
· 12 metres @ 0.69% Cu from 22 metres from drill hole 19RC030;
· 6m @ 0.97% Cu from 38 metres from drill hole 19RC032
Significant drill intercepts are tabulated in this LINK
Investors wishing to review a diagram outlining the deposits at Bonya may view this on the Company’s website via the following link:
http://thormining.com/-/thor/lib/images/maps/15-001-1B%20Bonya%20Exploration%20Targets.jpg
A plan showing Samarkand deposit drill collars is on the Company’s website and can be viewed via the following link:
http://thormining.com/-/thor/lib/images/maps/Samarkand%20Drill%20Collar%20locations.jpg
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
