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Thor Mining Announces Positive Assay Results For Molyhil Tungsten Molybdenum Deposit

Mining News - Published on Wed, 12 Jun 2019

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The Board of Thor Mining Pic announced positive assay results from metallurgical bulk sample drilling at the company's wholly owned Molyhil tungsten molybdenum deposit, in the Northern Territory of Australia. Two PQ diamond drill holes were drilled down plunge of the Yacht Club lode to obtain material for production of tungsten and molybdenum concentrate samples for prospective project offtake partners. Mr Mick Billing, Executive Chairman, said that "This bulk sample assay result is very encouraging for the Molyhil project. It is rewarding to see confirmation of extensive high-grade scheelite mineralisation along with expected grades of molybdenum. It is also very pleasing to see the copper mineralisation at potentially economic levels. While the hole design was for the purpose of collecting material most likely to produce sufficient concentrate, rather than for resource purposes, the high-grade nature of the scheelite mineralisation provides further substantial confidence in the Molyhil deposit"

Highlight

92.6 meter @ 1.0% W03, 0.16% Mo and 0.13%

Cu from surface, including 2.2 meter of unmineralised granite from 11.5 meter

Only one of the two holes have been assayed with the other to be kept in storage. The holes will not contribute to the mineral resource estimate.

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Posted By : Rabi Wangkhem on Wed, 12 Jun 2019
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