Announcement Date: 2021-12-07
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Thor Mining Plc
Project name: Molyhil
Location: Australia
Commodities: Copper,Iron,Molybdenum,Tungsten
Highlight: Disseminated scheelite-molybdenite-chalcopyrite mineralisation intercepted in drilling
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Directors of Thor Mining Plc (“Thor” or the “Company”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce that the third follow up diamond drillhole (21MHDD003) at the Molyhil Critical Minerals Project, Northern Territory, reinforces the newly discovered extension of scheelite-molybdenite-chalcopyrite mineralisation within a magnetite skarn. Three diamond drillholes (21MHDD001 – 21MHDD003) totalling 995.4m have been successfully tested, and confirmed the newly identified magnetic target, which represents a massive magnetite skarn hosting disseminated tungsten-molybdenumcopper mineralisation, located to the south of the Molyhil Critical Minerals Project (Table A and B and Figure 1 and 2). Both 21MHDD002 and 21MHDD003 intercepted disseminated mineralisation, consisting of scheelite-molybdenite and chalcopyrite within massive magnetite skarn. Drillhole 21MHDD002 intercepted over 45m of disseminated mineralisation (Photo 2 and 4), whilst 21MHDD003 intercepted two zones over 29m of disseminated mineralisation (Photo 1 and 3)
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