Announcement Date: 2022-07-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Thor Mining Plc
Project name: Molyhil
Location: Australia
Commodities: Copper,Molybdenum,Tungsten
Highlight: Drilling results incl. 46m @ 0.06% WO3, 0.05% Mo, 0.04% Cu from 249m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Directors of Thor Mining Plc (“Thor”) (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the drill results of the diamond drilling program at the 100% owned Molyhil Critical Minerals Project, Northern Territory. Two of three diamond drillholes completed in late 2021 intercepted disseminated scheelite-molybdenite-chalcopyrite mineralisation hosted in a massive magnetite skarn, validating a newly identified 3D magnetic target. The drilling demonstrates that tungsten-molybdenum-copper skarn mineralisation extends along strike, to the south of the Molyhil Resource. Assay results were lower than visible grade estimates and this resulted in the samples being resubmitted for analysis using two different analytical techniques, with further follow up using the coarse reject material. Analytical analyses of the tungsten and molybdenum is significantly impacted by the coarse nature of the scheelite crystals in half core, combined with the malleable nature of the molybdenite when pulverised; thus, sample size is critical to the representivity of assay grades.
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