Thor Mining Plc {AIM / ASX: THR}
Announced further positive interim results from drilling at the Bonya tungsten deposits, adjacent Molyhill, 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%).
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HIGH GRADE INTERIM TUNGSTEN AND COPPER RESULTS
SAMARKAND DEPOSIT – BONYA
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The Board of Thor Mining Plc {AIM, ASX: THR} is pleased to announce further
positive interim results from drilling at the Bonya tungsten deposits, adjacent Molyhill, 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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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.
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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;
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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
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Significant drill intercepts are tabulated in full below.
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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 costean sampling from Marrakech and Tashkent, all expected during May.”
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