Thor Mining Plc {AIM / ASX: THR}
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COMMENCEMENT OF DRILLING – BONYA TUNGSTEN
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The Board of Thor Mining Plc (“Thor”) (AIM, ASX: THR) is pleased to announce commencement of the second drilling program at the Bonya tungsten deposits adjacent to its key 100%-owned Molyhil tungsten and molybdenum project, in the Northern Territory of Australia.
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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%).
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The program objective is to achieve sufficient drill density to allow preparation of a mineral resource estimate for Samarkand and White Violet.
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Mr Mick Billing, Executive Chairman, commented:“We are very hopeful of positive results from this follow-up drilling at Bonya.”“Each of the Samarkand and White Violet deposits had high grade results from our initial program in April this year and we hope to be able demonstrate sufficient continuity of good grade mineralisation along strike and at depth at each to allow subsequent preparation of a mineral resource estimate for these two deposits ”“We hope to be able to provide regular updates of progress, including provisional XRF analysis, during the program.”
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