The Board of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX:THR) is pleased to announce the completion and preliminary findings of the exploration drilling program to test for additional tungsten mineralisation satellite to the Company’s existing Molyhil tungsten deposit in the Northern Territory.
Highlights
- Traces of tungsten (37 & 30 parts per million(“ppm”)) were recorded by on site XRF analyses from two holes (16MAC013 & 16MAC014) at Cattle Track immediately to the northwest of the existing Molyhil resource.
- Broad zones of magnetite skarn similar to the Molyhil deposit host rock were intersected at both Think Big and Gap Track (Figure 1).
- Continuous magnetite skarn was intersected at Think Big in hole 16MRAB056 for 18 metres(“m”) into bedrock. Preliminary XRF analyses included 6m at 11% iron(“Fe”) and 1.2% titanium (“Ti”) from 1.5m depth and 7.5m at 9% Fe and 1.2% Ti from 10.5m.
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